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Web3 for Technology Buyers

Publisher IDC
Published Jul 12, 2023
Length 11 Pages
SKU # IDC18058312

Description

Web3 for Technology Buyers


This IDC Perspective highlights what Web3 is, its foundational technology, some of the benefits of Web3, and preliminary factors executives should consider when developing their organization's Web3 strategy. Web3 is no longer something on the horizon in the future: it is now a reality, and organizations around the globe are making their first forays into Web3."Most of us remember the 1990s and the dot-com bubble; many of us regrettably feel that we missed out on the opportunities to launch revolutionary businesses that grew to global brands. Today, Web3 offers many businesses an opportunity for a do-over, and the prospect of developing a world-changing business in the new Web," notes research director, Phillip Silitschanu, IDC Financial Insights.

Please Note: Extended description available upon request.

Table of Contents

11 Pages
Executive Snapshot
Situation Overview
IDC Definition of Web3
Blockchain
Proof of Work
Proof of Stake
Permissionless
Permissioned
Cryptocurrency
Stablecoins
Central Bank Digital Currencies
Non-Fungible Tokens
Uniqueness
The Value of Digital
Ownership
Non-Fungible Tokens in Use
The Evolution of Web3
Unlocking the Value in Data and Content
Advice for the Technology Buyer
Using Non-Fungible Tokens for Competitive Advantage
Preliminary Decision Factors
Build Versus Buy in Web3
Learn More
Related Research
Synopsis

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