It leverages blockchain technology to ensure security and open infrastructure to enable innovation, transparency, and collaboration.India has one of the world’s largest communities of content creators, start-ups, innovators, and developers. These decisions are otherwise taken by the platforms behind closed doors placing millions of content creators and users at their mercy. Web 3.0 is neither likely to be perfect nor an all-encompassing solution to all the challenges posed by digital society. It is, therefore, necessary for the governments to act sooner than later.They must embrace web 3.0 with open arms and eyes. This implies acknowledging the potential of web 3.0 in empowering startups, small digital businesses, and consumers, and creating enabling environment to help realize such potential.

Source: Economic Times November 28, 2021 15:28 UTC