From Web2 to Web3: What Businesses Should Prepare For
From Web2 to Web3: What Businesses Should Prepare For
The internet is transitioning from Web2 (centralized platforms) to Web3 (decentralized applications and blockchain-driven ecosystems). For businesses, this shift brings both opportunities and challenges.
What Web3 Means for Businesses
- Ownership shift: Users control their data and digital assets via blockchain.
- Smart contracts: Automated, transparent transactions without intermediaries.
- Tokenization: New business models based on digital tokens.
Preparations Businesses Must Make
- Invest in blockchain knowledge and talent.
- Explore Web3-ready infrastructure, such as decentralized storage and apps.
- Consider security implications, as smart contracts are vulnerable to exploits.
- Educate customers on how decentralized services differ from traditional ones.
Web3 isn’t just for startups—it’s becoming critical for financial institutions, e-commerce platforms, and even governments. Businesses that adapt early will secure a long-term competitive advantage.