Tech Talk: Web 3.0 - How can your organisation capitalise on the opportunities that may arise on the day Web 2.0 phases out and Web 3.0 becomes the norm? - Could Web 3 offer the promise of better security and bring transparency and accountability to the forefront for businesses?
14 Jun 2023
Tech Talk Podium
- Exploring how blockchain and cryptocurrency technologies by design, can reduce costs for businesses and increase their competitiveness, through eliminating intermediaries and helping to make Web 3 more secure and transparent
- Analysing how organisations can improve their supply chain management through the optimisation of blockchain’s transparency. Businesses can effectively identify problems in manufacturing and delivery services, improving time management and reducing cost. Businesses can also share crucial information, such as production schedules and contract deadlines, with their suppliers, which could help to make delivery more efficient
- Delving into why a successful interloop of connections via broadband, 5G and Iot is essential to create effective and efficient Web 3 applications
- Examining how Web 3’s use of blockchain technology with its framework as a ledger of unchangeable records of transactions visible to everyone on the chain, could make it easier for businesses to comply with government policies and requirements by maintaining transparency
- Assessing how businesses can utilise Web 3 to improve transparency and trust with their customers, by creating a tamper-proof record of transactions on a blockchain, for example enabling customers to see to seeing where their products are at each stage of the production process via a real-time view of the supply chain
- Understanding how the very design of blockchain technology ensures data is unchangeable, and therefore ensures businesses need to worry less about data theft and breaches, and customers trust that information is authentic and has not been modified
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