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Stephen Downes

Knowledge, Learning, Community

What is Web3?

McKinsey & Company, Oct 10, 2023

Introductory article. "Web3 is the idea of a new, decentralized internet built on blockchains, which are distributed ledgers controlled communally by participants. Because of the collective nature of blockchains, if and when Web3 fully arrives—elements of it are already in place—it will, in theory, signal a new era of the internet, one in which use and access are controlled by community-run networks rather than the current, centralized model in which a handful of corporations preside over Web2." You might be sceptical of web3, but in my view, you probably shouldn't be. It will be one of those things that people deride for a decade and then suddenly realize that it's here.

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Stephen Downes Stephen Downes, Casselman, Canada

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Last Updated: May 30, 2024 03:31 a.m.

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