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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.
- Building more viable business models by
- 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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