Trust. If you distil the benefit of Web3 down to a single word, this is its essence. Why trust, and not decentralisation, or ownership, or tokens, or blockchain, or some other Web3 primitive? These are features of Web3 that facilitate trust. Be that trust in exchanging a cryptocurrency or NFT with someone else without going via an intermediary. Or trust that someone is who they say they are, or that an organisation did carry out some action that it claimed to. The essence and overarching benefit we have by embracing Web3 technology are new models for trust, that is provided by the software layer, underpinned by cryptographic techniques.
Trust as a service
Trust as a service
Trust as a service
Trust. If you distil the benefit of Web3 down to a single word, this is its essence. Why trust, and not decentralisation, or ownership, or tokens, or blockchain, or some other Web3 primitive? These are features of Web3 that facilitate trust. Be that trust in exchanging a cryptocurrency or NFT with someone else without going via an intermediary. Or trust that someone is who they say they are, or that an organisation did carry out some action that it claimed to. The essence and overarching benefit we have by embracing Web3 technology are new models for trust, that is provided by the software layer, underpinned by cryptographic techniques.