Enabling Decentralized Ecosystems Is the Killer App for Web3 in the Enterprise

Enabling Decentralized Ecosystems Is the Killer App for Web3 in the Enterprise

This IDC Perspective explores the challenges and opportunities for organizations in every industry to leverage Web3 in support of their unique industry ecosystem constructs. Web3 promises to evolve as the decentralized next generation of the internet, while organizations continue to open and expand their industry ecosystems to be a fabric of multiple resources working together. "IDC research on the future of industry ecosystems focuses on how organizations in an ecosystem will accelerate sharing — specifically processes, data, and applications. The challenge is establishing trusted business models. How do the participants in the ecosystem efficiently create agreements? How do they assure that transactions are immutable? And how do they minimize the technical debt associated with the integration of intercompany activity? The answer in a word is Web3," said Robert Parker, senior vice president, Enterprise Applications, Data Intelligence, Services, and Industry Research.

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