Web3 Innovators

Web3 Perspectives: Disintermediation - Can web3 eliminate the middleman?

August 29, 2023 Conor Svensson
Web3 Innovators
Web3 Perspectives: Disintermediation - Can web3 eliminate the middleman?
Show Notes

In this Web3 Innovators: Insights episode, we explore the revolutionary concept of disintermediation in the world of web3 and its potential to eliminate middlemen in financial transactions. Before the emergence of cryptocurrencies like Bitcoin, online transactions relied on intermediaries like banks, payment providers, and centralised platforms. However, with the advent of blockchain technology and web3 initiatives, the trust has shifted to decentralised, immutable ledgers, paving the way for disintermediation.

Key Takeaways:

  1. The Rise of Web3: Understand the core principles of web3 and how it challenges traditional financial intermediaries. Explore the benefits of decentralised networks and the potential impact on the financial ecosystem.
  2. Empowerment and Risks: Discover how web3 empowers individuals with complete sovereignty over their digital assets. But also, learn about the risks associated with self-custody and the complexity that may deter everyday users from embracing this new paradigm.
  3. The Role of Intermediaries in Web3: Delve into the importance of intermediaries even in the decentralised web3 world. Explore how intermediaries can simplify services, add financial value, and create transparency for users.

Join us in this thought-provoking episode as we unravel the intricate relationship between web3, disintermediation, and the potential future of finance.

Chainlens is a leading blockchain explorer for Ethereum and Substrate networks.
Find out more - http://chainlens.com

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