As technology rapidly evolves, so does the landscape for traditional industries. Web3-a paradigm shift toward decentralized systems-is introducing new ways to reshape value chains, enhance transparency, and promote trust. In this article, we explore how industries such as finance, supply chain, and healthcare are poised for the most significant transformations, the redistributive power of decentralized platforms, and the strategic decisions organizations must make as they transition to this new digital era.
Drawing on insights from Kunal Purohit, President of Next Gen Services, Tech Mahindra, we analyze how businesses can prepare for these changes, from adopting new governance structures to developing decentralized security protocols, tracking Web3-specific metrics, and assessing associated risks. Web3 isn't just a technology-it's a transformation that has implications for market power, competitive advantage, and organizational resilience.
▼ Decentralization and Convergence of Sectors
This story is from the November 2024 edition of PCQuest.
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This story is from the November 2024 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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