Unleashing the Potential of Web3: A More Viable, Responsible and Inclusive Future

Web3 promises a new era for the Internet of Value. Blockchain technology is a key enabler of Web3, and could help to bring about a more viable, responsible, and inclusive future.

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Executive Summary

• Web3 promises a new era for the Internet of Value that is more open, decentralised, and gives more ownership to the end user.
• Blockchain technology is a key enabler of Web3, and could help to bring about a more viable, responsible, and inclusive future through three main areas:
  • Building more viable business models by
    • Emphasising security and compliance;
    • Innovating core technologies;
    • Encouraging growth in the ecosystem via investment and partnerships.
  • Growing in a more responsible manner by
    • Managing and, where possible, reducing the carbon footprint of the industry and providing solutions to environmental challenges;
    • Investing in community educational initiatives.
  • Developing more inclusive financial systems by
    • Lowering entry barriers and broadening access to minority groups in a secure way.
• This report will explore how companies in the blockchain industry, such as Crypto.com, can support and advance the focus areas of this year’s Singapore Fintech Festival: viability, responsibility, and inclusivity.

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Authors

Crypto.com Research and Insights Team

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