The disruptive premise of Web3 is built on three fundamentals: the blockchain that stores all data on asset ownership and the history of conducted transactions; “smart” contracts that represent application logic and can execute specific tasks independently; and digital assets that can represent anything of value and engage with smart contracts to become “programmable.” Each of these three fundamentals has layers of complexity and nuance, and each is evolving in an effort to overcome startup troubles and structural weaknesses.
Content: Quotation
Authors: Anutosh Banerjee, Ian De Bode, Matt Higginson, Robert Byrne
Source: McKinsey Quarterly
Subject: IT / Technology / E-Business
Authors: Anutosh Banerjee, Ian De Bode, Matt Higginson, Robert Byrne
Source: McKinsey Quarterly
Subject: IT / Technology / E-Business
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