The internet is buzzing with content from market and technology analysts explaining the evolution of the internet from Web 1.0 to Web 3.0, as well as providing insights into how Web 3.0 may impact the collection, control, and use of data.
Harvard Business Review summarized the debate by noting, “Depending on whom you ask, Web3, a new iteration of the internet based on blockchain technology, is a form of monetization, the future of organizing, or a get-rich-quick scheme.”
While the concept of Web 3.0 has been around for several years, it is gaining more attention with the rise of sophisticated data analytics tools, blockchain technologies, and Web 3.0’s relationship to the metaverse. If you are interested in learning about Web 3.0 and its potential impact on the way businesses interact with their users and customers, here are some interesting sources:
- KPMG Advisory’s webcast, Unlocking the potential of Web3 and the Metaverse for financial services firms
- ISG’s How Business Should Think Strategically about Web3 and the Metaverse
- Accenture’s Technology Vision 2022 series, Meet me in the metaverse
- Gartner’s What is Web 3.0 and What Is Web 3.0, and How Does It Impact Digital Marketers?
- Daniel Araya’s Forbes article, Is Web 3.0 A Data Revolution?
- Expert.ai’s The 8 Defining Features of Web 3.0
There is a lot to learn about the state of Web 3.0 and how it will affect businesses—and as a result, commercial contract lawyers and sourcing professionals. We will continue to provide updates on the Tech & Sourcing blog, so stay tuned!