Blockchain: The Web 3.0 Gamechanger

Working in an industry with a niche concept, a skeptic following and a dilemmatic adoption has it own perks - you get to face the challenges, brush out your ideals, and polish the narrative into something that changes perception of development and solution building.

The last two decades have seen an inseparable attachment of the internet into everyday human life, so much so that 'the internet' is widely debatable as a basic necessity for economic growth. With such power, comes dominance - and vaguely so, we humans have been convinced that this digital space is by default monopolized: scales of power tipped towards big tech giants who own and control the space. Everything right from our privacy to decision making, from marketing and advertisement to mass consumer manipulation - all controlled by electronic pulses encompassed within the desires of this 'demo-autocratic' market.

But so it goes, by the very nature of evolution - all things change. And the digital space is none to escape the "Darwinian Dawn".

It all started with Bitcoin: when the world woke up to an alternate form of money. Money that was intangible and thus barely intelligible. What is it? Where is it? Is it all code? Questions arose, so did explanations. Some defended, some opposed. And steadily the skeptics fell into the category of radicals, people educated themselves, and an uproar of perks of this 'new money' manifested itself. With all the disadvantages attached, it drew everyone's attention to three things: Self-Governance, Decentralization and Security. Perks that the everyday consumers had always been restricted towards.

People started wondering: what if the same concepts were applied to the entire digital space, instead of restricting its precedence to Bitcoin. And then started the deployment of blockchain based solutions across the tech space - every aspect, every service clogged by monopolized conglomerates bottlenecking the triangular bridge between people, their demands and the services, was addressed.

Today the emerging Web3.0 space is seeing an exponential adoption of blockchain based solutions to systems which otherwise would have been devoid of the power of decentralization. Port Management and Shipping Systems, Decentralized Finance Platforms, Document Storage and Verification, DEX's, Networking Portfolios, Search Engines, Cloud Storage Systems, Governance Systems, Gaming Industry, Art & Music Industry, all have seen an emergent use case of the Blockchain and Distributed Ledger Technology.

The massive drive of human sentiment in availing true digital freedom has forced even the big giants to bow down in front of this groundbreaking space. Billions are being poured into the R&D of this emergent technology every year. Governments are taking a pro/anti stance towards the fragments of blockchain based services. Regulatory Bodies are keeping an eye out for developments in the space to restrict and slow down the traversing change.

Nevertheless, there is a lot of commotion. Like for every new idea, there has to be scrutiny, and if the idea passes the scrutinizing test, it is welcomed with open arms. With all this commotion, it could only mean one thing - change is coming, and it will only be good.