Step into the new internet era, from Web2 to Web3 with blockchain tech for enhanced human access!

The internet we are familiar with is undergoing a major transformation, moving towards a more advanced internet than ever before. We are all familiar with Web2, the era of social media and user-generated content on platforms like TikTok, Facebook, and YouTube.

Get ready to step into the exciting world of Web3, revolutionizing the internet through decentralized systems powered by blockchain technology. Web3 is poised to be the innovation that transforms businesses across all industries in the real world.

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Web2: The Age of Convenience (and Control)

When we talk about Web2, we’re referring to an era of convenience where everyone can access the internet. Web2 brought about new innovations globally, including social media, online collaboration tools, and on-demand services. However, this convenience came at a cost, such as home internet fees, mobile data packages, and various online service charges. Moreover, social media platforms acted as gatekeepers, controlling our data and dictating our online activities.

Imagine your favorite social media platform changing algorithms overnight, making your carefully crafted content irrelevant, or an online service provider arbitrarily suspending your account. These are unavoidable realities in Web2.

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Web3: Power to the People (and the Blockchain)

Step into the era of Web3, an internet that delves into advanced technology. Blockchain technology transforms Web3 into a decentralized and secure network, empowering everyone to access technology and develop projects with blockchain. Unlike Web2 platforms like YouTube or Amazon, Web3 doesn’t rely on centralized entities. Users have more control over their data, and blockchain serves as a transparent and secure public ledger.

This transparency and decentralization are game-changers. Businesses can create secure, trustless systems, eliminating the need for intermediaries. Data ownership shifts from platforms to users, and power returns to the people.

So, How Does Web3 Transform Businesses?

The possibilities are vast. Here are just a few examples:

• Supply Chain Tracking: Imagine tracking a product from farm to table, ensuring authenticity and ethical sourcing. Blockchain makes this a reality, building trust with consumers.
• Decentralized Finance (DeFi): Secure and transparent financial transactions without banks? Web3’s DeFi applications make it possible, opening financial inclusion for the underbanked.
• Fractional Ownership: Want to invest in a multi-million dollar property? Web3 allows tokenization, where ownership is divided into smaller, tradable units, making high-value assets more accessible.

SIX Network has previously leveraged the SIX Protocol or our blockchain to develop real-world business partnerships, such as participating in major tech events in Thailand like the ‘Techsauce Global Summit 2023.’ This event created a new experience for attendees through NFTs and Quest Hunting missions to earn points for special rewards. ( Read more at: Click )

When did Web3 and Blockchain start influencing businesses?

Over the past few years, interest in Web3 and blockchain has surged significantly. While some businesses started using this technology earlier, we can say that from the mid to late 2020s, we began to see a widespread impact on businesses.

The presence of Web3 and blockchain technology has been visible for more than a decade now, starting with Bitcoin, the first major digital currency introduced in 2009. This was followed by Ethereum, a platform for creating decentralized applications, launched in 2015. These were the initial steps into the era of Web3.

It’s important to note that Web3 and blockchain are still in development. While there are real applications in use, we must acknowledge that they are still evolving. However, Web3 is elevating business trustworthiness and unlocking potential for sustainable growth in the digital business sector.

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Get ready — the future of the new internet era is here, and blockchain is closer than you think!

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Note:

1.This article is intended for informational purposes only. Please conduct your own research before making any investment decisions related to cryptocurrencies

2. Cryptocurrency and digital token involve high risk; investors may lose all investment money and should study information carefully and make investments according to their own risk profile.