Skip to content

Web 3.0 will drive decentralized business models, says Blockchain Executive

July 7, 2020

Kevin Chou, Blockchain CEO and co-founder of Ecosystème Rally, He believes blockchain technology could lead to a virtual economy in the age of Web 3.0.

Chou, who also works with Kabam, Forte and Gen G, said at Unitize on July 6th Content platforms have to move away from the old Web 2.0 business model, where platforms generate a large part of their sales.

Instead, Companies should create a new, decentralized business model that favors influencers, creators and “gifting governance to the community”.Chou said.

Web 3.0 will drive decentralized business models, says Blockchain Executive
Web 3.0 will drive decentralized business models, says Blockchain Executive

He added: “In the era of Web 2.0 business models, it was a lot about building a very large platform and giving away the service for free, but collecting a lot of that data. […] I am amazed and many high quality services have been created, but we also see the disadvantages of this today with the lack of data protection, the lack of control over your own data and the lack of control over the economy. because it’s mostly based on advertising. “

“”I think a lot of new blockchain and Web 3.0 projects are about how we create something that will eventually become decentralized. I think the room started with everything that needs to be decentralized from the start. “Chou closed.

Bitcoin is a pioneer in the concept of decentralization

Chou believes Bitcoin (BTC) “did a great job” in the decentralization discussionMake people and companies aware that decentralization is possible. He added: “But we are now seeing that projects like Compound and Maker and many other DeFi projects are leading the way.”

Do not stop reading: