Revolutionizing The Internet And Enterprise Operations

In the ever-shifting landscape of the internet, a revolution is unfolding. The concept of Web3, first introduced about a decade ago, is rapidly gaining traction. This new paradigm seeks to create a more user-controlled internet, free from the shackles of centralized servers and intermediaries. Web2, which emerged in the early 2000s, relies on a handful of global conglomerates to store data and supply compute, but Web3 turns this structure on its head.

By leveraging decentralized technologies like blockchain and peer-to-peer networks, data and compute are now in the hands of the users. As reported by MIT Technology Review, six out of ten Fortune 500 companies are exploring blockchain-based solutions, with most adopting a hybrid approach that combines traditional Web2 business models and infrastructure with the decentralized technologies and principles of Web3. This pragmatic approach allows companies to harness the benefits of Web3 while minimizing disruption to their existing operations.

Cloud services, supply chain management, and financial services are among the most notable use cases. The advantages of Web3 for enterprises are multifaceted. Erman Tjiputra, founder and CEO of the AIOZ Network, highlights the importance of greater ownership and control of sensitive data.