Web 3’s emergence is reshaping various industries with its decentralized and blockchain-based technologies. This review explores the impact of Web 3 on traditional sectors and highlights the potential implications of this transformation.
Decentralized Finance (DeFi) platforms are revolutionizing financial services, removing intermediaries, and enabling peer-to-peer transactions through smart contracts.
Supply Chain Management:
Blockchain-based solutions offer transparency and traceability, enhancing supply chain operations and consumer trust.
Decentralized identity solutions and interoperability improve patient data management and incentivize medical research.
Entertainment and Media:
NFTs empower artists and creators, allowing direct monetization and ownership rights for digital content.
Tokenization and smart contracts bring fractional ownership and increased liquidity to the real estate market.
Web 3’s disruptive influence on traditional industries presents new opportunities for growth and innovation, but regulatory, scalability, and environmental challenges must be addressed for mass adoption and sustainable progress. Embracing responsible innovation will shape a transformative future for businesses and services worldwide.