“ All industries can benefit from Web3 . However , the areas that can immediately see the most significant boost are those dealing with the most sensitive data ”
SIMON BAIN CEO , OMNIINDEX
SB : Web3 ’ s blockchain storage and enhanced encryption technology offer a massive opportunity for all industries to upgrade their security and productivity dramatically . This is because web3 can make all encrypted data accessible to analytics and collaboration while simultaneously eliminating the risk of exposure and attack with its immutable and decentralised storage .
AL : Web3 is about decentralising data , so you can have a distributed set of data spread across multiple locations and owners . This approach is commonly associated with cryptocurrencies , but this distributed ledger can be used in other industries . The most important element is that this data can be trusted by all the organisations that are participating in that market , without any one organisation owning that data .
From a business perspective , this data can support new ways to manage supply chains and collaborate around services . For established companies , it can make those supply chains more effective , and for new market entrants , it can provide a different approach to solving business problems .
How are web3 technologies reshaping traditional business models and creating new opportunities for innovation and collaboration ? SB : All industries can benefit from Web3 . However , the areas that can immediately see the most significant boost are those dealing with the most sensitive data .
These organisations and industries face the most significant battle in data
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