AI WAVES: Web 3.0, Blockchain and Cryptocurrencies [VIDEO]

AI Waves #5: Web 3.0, Blockchain and Cryptocurrencies

Summary

Host Jerzy Biernacki Speakers: Dr Jane Thomason – Chair of the Board of Kasei Holdings Sophia Shluger – MD for Europe at Amber Group Sandra Mianda – Founder at Paypr.work Krysztof Kogutkiewicz – CEO at Nextbank

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In the 5th edition of the AI Waves webinar an expert panel turned their focus to the rise of Web 3.0 and discussed its potential impact across the business world. 

What is Web 3.0?

Web 3.0 is the third generation of the evolution of web technologies, following Web 1.0 and Web 2.0. Web 3.0 is expected to be more open, connected and intelligent than its predecessors and a defining feature of Web 3.0 will be decentralisation. The ability to decentralise will essentially allow different technologies and communities to be more self-governing and as a result, Web 3.0 can be expected to be more open, connected and intelligent than its predecessors. 

What does decentralisation mean for Web 3.0?

What decentralisation means for the web

The Evolution of the Web

Questions Covered

Will Web 3.0 become the new norm soon, or is it an over-hyped trend? (9:07)
Why does Web 3.0 matter for business? (20:36)
Which type of company, old or new, are adopting the capabilities of Web 3.0? (30:13)
How can companies use Web 3.0 to grow their businesses? (48:48)
How should we more accurately define  and distinguish cryptocurrencies? (57:47)
What can blockchain technology be used for other than within the context of crypto currencies? (1:02:42)

Panel Key Takeaways

Web 3.0 will provide a platform for the convergence of a number of technologies, including: Ai, IOT and Extended & Virtual reality.
Web 2.0 was the internet of information, Web 3.0 will be the internet of value. Furthemore, moving from Web 2.0 to Web 3.0.
The uses of Web 3.0 are diversifying beyond just gaming, which is where we are seeing it mainly used at present. 
Digital identifiers will be critical to the adoption and growth of de-centralised finance in Web 3.0. 
The ‘energy consumption problem’ faced by blockchain should not be considered in isolation,  but considered alongside the wider problem that all industries are currently  facing and trying to solve. 

Question and Answer – Key Takeaways

Ed-Tech and Fin-tech will likely make up significant parts of Web 3.0, and the democratisation of access will definitely be beneficial for the individual concerning their interactions with these technologies.
In Web 3.0 the individual will have greater ownership of their data and therefore wyoill be in a much stronger position regarding the monetisation of this data in comparison to the position in Web 2.0.

AI Algorithmic Bias Algorithms Blockchain Disputes education Environmental ESG fairness by design Policy Quantum Responsibility Web 2.0

About Geofrey Banzi, Legal Technologist, Big Four 15 Articles
Geofrey Banzi is a Legal Technologist at KPMG, co-organiser and co-founder of Legal Hackers MCR and the founder of WiredBrief, a leading tech platform that connects readers globally to the connected digital world. WiredBrief specifically focus on raising awareness of important tech-law concepts and issues, with the aim of creating greater awareness and understanding of technology and its potential to shape society for the better, as well as its portended risks which crucially need to be mitigated against. Geofrey is also the author of Regulating Driverless RTAs: A Concise Guide to the Driverless Future and Emerging Policy Issues in the UK and is a leading voice in the UKs rapidly growing Technology law scene. Specialisms and interest include: * Corporate, Competition and IP Law * Self driving cars and AI liability * Project management (Legal tech) * HighQ and cloud infrastructure * Data visualisation and UX system design * Document Automation (Contract Express)

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