Blockchain
Web3 Readiness
Introduction
Web3 is the next generation of the internet, utilizing blockchain and decentralized systems for transparent and user-controlled online interactions. It has the potential to revolutionize many industries and how we all collaborate.
However, there is confusion around concepts like token economies, zero-Knowledge proofs, Decentralized Finance (DeFi), and 3D access like Extended Realities (xR) and Metaverse. Web3 is still in its early development with challenges such as user-friendliness to overcome. As Web3 thought leaders, we strive to bring other organizations along on this journey and create a view of the current adaptation. In this way, gaps can be closed and the overall understanding of Web3 related topics increased.
If you want to know where the journey is headed and where your organization stands, participate in our Web3 Readiness Check! After completing the questionnaire, you will receive an individual evaluation for your organization that shows how you stand against your competitors and the overall participants.
The Web3 Readiness Check is conducted regularly to obtain time series to see how adaptation is progressing. This Web3 Readiness Check covers the following six topics:
Covered Topics
Web3 Access
Existing applications, Artificial Intelligence (AI) and spatial applications will access and use Web3 but at the core it is controlled by the Wallet and Key Management infrastructure certifying property rights and authorizing transactions.
Self-Sovereign Identity (SSI)
Enables significant process cost cuts, tamper-proof data protection and monetization models through decentralized identifiers (DID) and verifiable credentials (VC).
Community Management 3.0
Community Management 3.0 lifts community engagement on a higher level by implementing direct democratic Decentralized Autonomic Organizations (DAO) and token-based loyalty programs.
Supply Chain Transparency 3.0
Enables circular economies by tracing the product lifecycles leveraging SSI and lower carbon emission by implementing token-based systems to reward reduction measures.
Digital Assets
Digital Assets provide new forms of property of tokenized physical, digital, or virtual assets protected by Non-Fungible Tokens (NFTs) certifying the fractionalized ownership.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) enables both individuals and companies to access liquidity in the course of decentralized liquidity pools and passive income streams, which in traditional finance has been possible exclusively for financial institutions until now.