Web3

The shift from information to interaction in Web 2.0 was a significant development, but the emergence of the Internet of Value, also known as Web 3.0, is poised to bring about even greater change. Rather than simply exchanging information, users will increasingly trade value directly with each other, without the need for intermediaries.

While financial services have become increasingly digital, the transfer of actual value has until recently been reliant on traditional infrastructure. This is rapidly changing thanks to the ecosystem of digital assets, which employs distributed ledger technology (DLT) and smart contracts on blockchains to store and manage value. This democratizes transactions and attracts new users. The rise of decentralized finance (DeFi) has led to new, well-funded competitors in the digital asset services space. As a result, financial service providers must prepare to embrace new forms of value transmission such as tokens, stablecoins, and cryptocurrencies like Bitcoin, as well as central bank digital currencies (CBDCs).

It’s crucial to support this movement as it will affect the revenue streams of companies involved in banking, payments, asset management, and other financial and non-financial services. Our team of digital asset specialists can help demystify this new landscape, transform your company, and position you for success.