Where do you plan to invest your innovation budget in the next year?
Intelligent Automation41%
IoT and Mobile Commerce50%
Big Data & Cloud Computing60%
Web 3.011%
Other (share below)3%
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Personally, I have mixed feelings about Web 3.0. On the one hand, the ideas behind decentralisation and distributed apps are compelling. It could be that smart contracts become the basis for machine customers and machine-to-machine negotiations as the automated world consumes us. <br><br>But the independence of organisations in a DAO world is not so obvious for big industry upside. There will need to be a lot experimentation in this area before it can be accepted IMO. I suspect we will watch a lot of that happen in the open Internet world before it being a refined practice or approach for industry. <br><br>Nonetheless, the tech of Web 3.0 warrants continued monitoring.
I feel like AI is an easy other, coupled with automation
I agree. I was surprised to not see it called out explicitly and I am very surprised that Big Data and Cloud is the leader in the poll.
Interesting survey, Web 3.0 is out of the spot due to GenAI hype anyway it seems in the reality a potential game changer even in 2024.
I found a great post about https://www.antiersolutions.com/ride-the-tide-of-web3-development-in-2024/
Some of hot topics in my view:
Web3 is built on five key pillars that form the foundation of its transformative power. These pillars are:
Blockchain Technology: Blockchain is at the heart of Web3. It’s, a decentralized ledger that maintains a transparent, tamper-proof record of transactions. Blockchain enables secure and trustless interactions, making it a foundational technology for Web3
Smart Contracts: Web3 utilizes smart contracts, self-executing contracts that automatically enforce the terms and conditions defined within them. Smart contracts eliminate the need for intermediaries, streamlining processes and enhancing efficiency.
Artificial Intelligence (AI): AI plays a crucial role in web3.0 development, enabling machines to learn, understand, and make intelligent decisions based on vast amounts of data. This allows for personalized experiences and more efficient systems.
Decentralization: Decentralization is a core principle of web3 development, aiming to eliminate the middlemen and central authorities that have traditionally controlled the web. With decentralized networks and blockchain technology, users can enjoy increased privacy, security, and control over their data.
Interoperability: Interoperability refers to the seamless integration and communication between different platforms and applications. Web3.0 aims to tear down the silos that currently exist on the web, enabling data and services to flow freely across various systems.
About the 2024 instead...
Enhanced Data Security
With cybersecurity threats becoming increasingly sophisticated, businesses need robust solutions to protect their data. Web3.0 brings decentralized and encrypted data storage options through blockchain technology. This ensures data integrity and security, offering peace of mind to businesses and users alike.
Smart Contracts and Decentralized Applications (DApps)
Web3.0 enables the development of smart contracts and DApps, which bring automation and efficiency to various processes. Smart contracts are self-executing contracts with predefined rules, eliminating the need for intermediaries, reducing costs, and increasing transparency. DApps, on the other hand, open up new avenues for decentralized applications, facilitating peer-to-peer interactions without relying on centralized authorities.
Personalized User Experiences
Web3.0 development takes personalization to a whole new level. With advanced algorithms, machine learning, and AI, websites and applications can tailor content, recommendations, and interfaces to suit individual preferences. This not only enhances user experience but also drives customer engagement and loyalty.
Improved Supply Chain Management
In 2024, web3 development will revolutionize supply chain management by enabling real-time tracking and traceability. Through blockchain technology, businesses can ensure transparency, reduce fraud, and streamline processes. This will have far-reaching benefits across industries, from logistics to healthcare and beyond.
Virtual and Augmented Reality (VR/AR)
An experienced web 3.0 developer can unlock the potential of immersive technologies like VR and AR. Imagine attending virtual meetings, exploring virtual showrooms, or even trying on clothes virtually before making a purchase. These technologies will transform the way we interact with the digital world, opening up new possibilities for businesses and individuals alike.