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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.

Nov 01, 2022
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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.
        3.5
    • Developing more inclusive financial systems by
      • Lowering entry barriers and broadening access to minority groups in a secure way.
        4.5
  • 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.

Read the full report:


Authors

Crypto.com Research and Insights Team


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Cronos

crypto research

cryptocurrencies

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Singapore

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