Business Standard

WEF 2022: How Web3 will level the playing field and unlock income equality

After the sun and human aspiration, the world's most abundant resource is data and Web3 gives us a new way to compartmentalize and monetize it.

internet use, internet, web surfing

Representative image

BS Web Team
Roiled by a return of war in Europe, forgotten crises such as Afghanistan, two years of the Covid-19 pandemic and unchecked climate change, the world’s institutions, countries and companies, including those with fortress balance sheets, look decidedly enfeebled.

However, there is a silver lining among these dark clouds in the form of Web3. That is the third generation of the internet.

What is Web3 and why care?

Web3 is not only a new foundational layer of the world wide web, it is a fundamentally new approach to corporate governance, value creation and stakeholder participation with pari passu interests. It presents an opportunity where

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First Published: May 27 2022 | 5:30 PM IST

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