A recent survey by GE found that nearly 75% of global executives believe a lack of skills is an issue within their industry, with 64% saying this problem is impacting their company’s ability to innovate.
This is an urgent problem, as a lack of innovation can slowly remove any competitive advantage a company has accumulated over the years.
This is usually when emerging startups begin to fill the gap, disrupting the legacy industry and pushing existing participants out due to their lack of innovation.
This is currently occurring at a rapid pace within the Web3, or decentralized internet, industry. Built on the same principle as blockchain, decentralized technologies offer greater security, greater transparency, and greater control over our personal data and privacy.
Why does this matter? Because currently, data in any industry is typically controlled by