Web3 infrastructures will boost digital business revenues, here's how

When we talk about digital businesses, we are looking at trillions of dollars in value being moved through the online spaces, the problem here however is that this value often bounces on too many off-the-network restrictions like government policies restricting certain cross-country value flow, this has undoubtedly cost these companies some cash flow.

With Web3 coming into the picture, we are bound to experience some changes that will see the digital business space growing exponentially in value flow.

Now when I say Web3, I mean crypto and blockchain technology, this is the primary structures upon which everything else will be developed, blockchain serves as as the database and security layer while crypto is simply the "value train" enhancing the free-flow of value through spaces, networks and countries.

Common challenges digital businesses face and their Web3 solutions

Here's a totally rough list of common challenges faced by digital businesses

Fierce competition

Most digital businesses struggle to earn a profitable audience for their business due to the design of the online markets, the adoption of "algorithm-based" social networks has been designed to force most businesses into spending so much on advertising to earn a share of the "attention-pie".

There's largely no room for organic growth, most companies that stuck to this often realize that it leads to earning only the bare minimum even whilst putting in the best efforts over the years.

Web3 solves this because it is uniquely designed to acknowledge value. Social protocols are designed to offer the most value to everyone, as opposed to platforms where value flow is channeled to a single entity, Web3 channels value back to the community so even if businesses needed to run advertisements, it won't be a costly as with traditional platforms and much better audiences will be attracted provided the advertised businesses are worth the attention.

Cybersecurity threats

Businesses often face these threats because of the multi-layered network of their operating systems.

Bitcoin has shown us that the less you force onto the security layer, the best, anything more just increases your chances of being fucked.

Web3 brings solutions to this with blockchain technology, with distributed record maintenance and a consensus mechanism for significant protocol changes, Web3 is most resistant to significant security bridges.

Maintaining customer trust and privacy

Yes, these companies just want to mine your data and sell you crap, but you know what? Sometimes we think it's the advertisers that want this, but no, it is the advertising companies that simply want to take their cut.

Do you know that advertisers love things like ad blockers? Why? It helps them spend less on "shit traffic". Companies really want to show their ads to people that care, not force them on people that will only cost them money and not make a single transaction.

With the segmentation of this space in terms of "communities" I believe Web3 will promote a better advertising environment with healthy consumer and producer relationship.

Adapting to rapidly changing technologies

Why would you need to adapt when your network will do it for you?

These things cost money and time, so why not let these web3 infrastructures handle the process of providing you with newer tools for building your business as technology advances?

This is the value that comes with Web3.

Scaling infrastructure to handle growth

Again, this is something that Web3 infrastructures will handle, by spreading loads across nodes, the cost of operating is significantly reduced and in return, operators are incentivized to keep hosting.

Distributed, reliable and secure, that is the functional design.

Ensuring a seamless user experience across multiple platforms and devices.

Interoperability is one of core focus of Web3 applications, thus, businesses will not have to worry about building bridges to get to users on different platforms, the blockchain tech enables cross-network integrations and product porting.

Attaining a seamless user experience has to be one of the easiest steps considering how this ecosystem is built for scale and speed.

In addition, the ease in flow of value cannot be understated, with cryptocurrencies being used as a payment solution, businesses are bound to experience the craziest level of revenue.

I mean, who else has noticed that it's much easier to buy a dumb NFT than it is to buy that footmat that you actually need?

This ease to spend is a business win, literally.

Posted Using LeoFinance Alpha