What are the differentiating features of Web 3.0 ?

The differentiating features of Web 3.0 (web3) are Decentralized Finance (DeFi), Decentralized Governance, Self-Sovereign Identity (SSI) and the NFT Asset Class.

Oscar de la Hera Gomez
Written by Oscar de la Hera Gomez
First published on 02/24/2022 at 00:18
Last Updated on 04/04/2022 at 18:28
The differentiating features of Web 3.0 (web3) are Decentralized Finance (Defi), Decentralized Governance, Self-Sovereign Identity (SSI) and the NFT Asset Class.

The differentiating features of Web 3.0 (web3) are Decentralized Finance (DeFi), Decentralized Governance, Self-Sovereign Identity (SSI) and the NFT Asset Class.

Decentralized Finance (Defi)

Decentrilized Finance (DeFi)

“DeFi is an open and global financial system built for the internet age - an alternative to a system that’s opaque, tightly controlled, and held together by decades-old infrastructure and processes. It gives you exposure to global markets and alternatives to your local currency or banking options. To this day 10’s of billions of dollars worth of crypto have flowed through DeFi applications.”

Learn more about DeFi

Decentralized Governance

Decentralized Governance

"The emergence of blockchain platforms offers a unique opportunity to examine alternative structures for platform governance and to develop a theory around the value of centralized, semi-decentralized, and decentralized governance."

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Decentralized Governance of Digital Platforms (Yan Chen et al., 2020)

Learn more about Decentralized Governance

Self-Sovereign Identity (SSI)

Self-Sovereign Identity (SSI)

“In Self-Soverign Identity (SSI), an individual has sole ownership of their digital identity and are in complete control of how their personal data is shared and used. This adds a layer of security and flexibility allowing the identity holder to only reveal the neccesary data for any given transaction or interaction.”

Learn more about SSI

NFT Asset Class

NFT Asset Class

“NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like Art, Collectibles and even Real Estate. They can only ever have one official owner and they’re secured on the Blockchain.”

Learn more about NFTsSubscribeInquireView All PostsView All WorkView All Services

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