Kelly also sees Web3 as a great equalizer for emerging markets, offering a transformative landscape that addresses the unique challenges faced by developing economies. He suggests that Web3's XR capabilities could bring quality education to remote areas, while blockchain technology could provide secure and transparent financial services. He concludes by urging businesses to adopt Web3 technologies, not for the sake of technology, but for their potential to create a more equitable future.
Key takeaways:
- Web3 is not just about blockchain technology, it represents a convergence of transformative technologies including blockchain, artificial intelligence (AI), machine learning (ML) and extended reality (XR).
- AI and ML are crucial components of Web3, powering the automation of intricate technology and workflows, and enhancing blockchain and XR capabilities.
- Web3 has the potential to be a great equalizer for emerging markets, addressing unique challenges and providing opportunities through the convergence of AI, ML, XR and blockchain.
- For widespread adoption of these transformative technologies, the innovation technology industry needs to foster collaboration and inclusivity, rather than rigidly categorizing technology.