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Web3, a decentralized internet, is about solving business issues rather than challenges associated with token prices, stated Google Cloud’s Web3 lead.
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Smart contracts are more compatible with solving business logic rather than the demand and supply of tokens.
In the past 12 to 15 months, the craze of technologies like Web3 and blockchain has hit heights, mainly in terms of improved efficiency, innovation, and reduced costs. The recent statement of Google Cloud’s Web3 Leader, James Tromans, takes the focus of the world towards the power of Web3, mainly in the business marketplace. The technology has the potential to alter the business environment in a positive way.
Web3 at a Glimpse
In an interview with Cointelegraph, James Tromans focused more on the utilization of Web3 technology and smart contracts for business problem-solving in spite of focusing on the demand and supply of tokens. Web3, a new iteration of WWW incorporating i
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