In the primordial stage of the internet, web1 was a great way to start consuming information and communicating from a global perspective. Web2 shortly followed, where people could read information, write, contribute, and generate data in a distributed manner – mostly leveraged by the exponential growth of social networks.
Web3 is a huge leap from that, built on top of the protocols inherited from web2 and enabling both the decentralisation and ownership of information, as well as accountability and trust as a fundamental technological feature across all network layers – that is the power of blockchain.
It is on the web3 that blockchain technology is best equipped to enable new use cases and businesses like never imagined before. In fact, blockchain promises a huge revolution, not only business-wise but also in how businesses are run and governed. All this revolves around a fundamental value for performing any type of interaction across a distributed ecosystem: the concept of trust.
A true shared-value economy
Trust is a very powerful concept. An important factor that led to wide adoption is the establishment of a “digital trust infrastructure”. By providing a review system, insurance, and identity verification, the sharing economy businesses succeeded in gaining people’s trust.
Trust in a value sharing economy is of major importance because it makes it more likely for transactions to occur between virtually unknown stakeholders. Blockchain decentralised cooperation mechanisms enable a new level of coordination and identity verification between parties that aims to ensure value is correctly shared through a win-win economic model.
Since Celfocus started working in the web3 space, the focus has always been to create disruptive, decentralised, and modern solutions to help clients either reinvent themselves by optimising business processes or create new disruptive business cases to “shake” their respective markets.
Celfocus has defined enterprise applications and private ledgers as the cornerstone of its blockchain offer to meet the demands of enterprise clients.