Web3 for Technology Buyers
This IDC Perspective highlights what Web3 is, its foundational technology, some of the benefits of Web3, and preliminary factors executives should consider when developing their organization's Web3 strategy. Web3 is no longer something on the horizon in the future: it is now a reality, and organizations around the globe are making their first forays into Web3."Most of us remember the 1990s and the dot-com bubble; many of us regrettably feel that we missed out on the opportunities to launch revolutionary businesses that grew to global brands. Today, Web3 offers many businesses an opportunity for a do-over, and the prospect of developing a world-changing business in the new Web," notes research director, Phillip Silitschanu, IDC Financial Insights.
Please Note: Extended description available upon request.
- Executive Snapshot
- Situation Overview
- IDC Definition of Web3
- Blockchain
- Proof of Work
- Proof of Stake
- Permissionless
- Permissioned
- Cryptocurrency
- Stablecoins
- Central Bank Digital Currencies
- Non-Fungible Tokens
- Uniqueness
- The Value of Digital
- Ownership
- Non-Fungible Tokens in Use
- The Evolution of Web3
- Unlocking the Value in Data and Content
- Advice for the Technology Buyer
- Using Non-Fungible Tokens for Competitive Advantage
- Preliminary Decision Factors
- Build Versus Buy in Web3
- Learn More
- Related Research
- Synopsis
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