In Part 1, I went through two strategy concepts for web3. Protocol Networks (i.e., Blockchains) with Property Rights Composability (i.e., Building Blocks) at Global Scale And I teed up two main questions for emerging web3 business models: The Value Creation Question: What is the most important use case and what value does this create for […]
Everyone describes their initial look at blockchain and web3 as “going down the rabbit hole”. It starts simply with Bitcoin and cryptocurrency. Then they go to Ethereum. But then it quickly becomes a sea of confusing, contradictory, and usually half-baked topics. Such as: Decentralized vs. centralized platforms and systems. DAOs (decentralized autonomous organizations) and other […]
Web3 is the next generation of the internet, built on blockchain technology. It has the potential to revolutionize many industries, including finance, healthcare, and education. In this article, Jeff Towson discusses five important concepts that businesses need to understand in order to succeed in Web3.
In Part 1 and Part 2, I laid out my approach to web 3.0 business models. These are sometimes called “decentralized platforms”. Or “protocols”. I don’t really buy either of these as I think they overemphasize the decentralized aspect. And that is rarely enough to win as a competitive service. I think most of the […]
In Part 1, I did a quick summary of the strange mix of ideas that is “web 3.0”. Blockchain, a new technology paradigm that will be built upon for decades. New forms of governance based more on consensus and community. How to disrupt corporate and government authority and shift control and benefits back to users […]
Right now, the venture capital types are all talking about “web 3.0”. Very big names are arguing that this is the big new tech paradigm. But really this is about blockchain, which is a much bigger and more important technology than I had appreciated. When I look at the digital world, I now put things […]