This Data Security Consultant Explains Why Businesses Should Embrace Web3 — But Do It Cautiously

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After much initial skepticism and doubt, Web3 has emerged as a real source of value, paving the way for a new generation of decentralized applications (dApps) built on blockchain. These dApps provide fantastic opportunities for forward-thinking companies to transform their business operations and enhance their efficiency.

A 2023 survey of 600 enterprise decision-makers in the U.S., U.K. and China found that nearly 90% of them deploy blockchain technology in some capacity, with 87% saying they planned to invest in blockchain in the next year. This reflects businesses’ fear of being left behind as blockchain developments accelerate globally. According to Deloitte, 73%

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