The future is not on its way, it’s already here. The internet is currently going through a mass transition. The hegemony of tech giants has started to shrink, little by little. The computer world is standing at the threshold of Web 3.0, or maybe it has already entered. After nearly two decades of Web 2.0 ruling the roost, the internet is bracing for a revolution targeted at decentralizing the flow of data and its utilization. Patrick Parker, a veteran entrepreneur and SaaS expert is there to assist with this historical transition.
After being in the tech industry for more than a decade, Patrick is well-informed about the perks of a blockchain-based internet. The security and privacy of data, he believes, would be the most beneficial and satisfactory aspect of Web 3.0. However, that’s just the start of it. Businesses can benefit from blockchain technology in more than one way.
The use of blockchain-based internet in the business world can consolidate trust between different entities, improve security and privacy, reduce costs, increase transaction speed, enhance visibility and traceability, and above all, plays a crucial role in the individual control of data.
Blockchain technology renders data storage and other transactional activities completely tamper-proof and unduplicatable, enhancing trust between two or more businesses engaging in a contract or deal. Moreover, with Web 3.0, your privacy and security are in your hands. No third-party vendor can analyze, supervise, and subsequently utilize the data collected from your app or web browsing against your wish.
“The most exciting part of Web 3.0 lies in privacy and security,” says Patrick. “In web 2.0, companies such as Google and Facebook would collect and store our data, without us knowing, making us toothless in preventing this breach of privacy and accessing our data,” he further added.
However, this sheer violation of our privacy can be halted, and users can regain control over their data using the blockchain technology and its offshoot, Web 3.0.
Patrick is optimistic about a safe and secure future. He is already engaging with entrepreneurs and established brands in order to educate the community about the perks that come with Web3. Besides that, he is also helping brands understand the Web3 concepts, technologies, and opportunities available to them. With the goal of bringing blockchain technology into the mainstream, Mr. Parker is consulting with companies working on launching decentralized applications and consumer-based products in Web3.
Information technology continues to be an ever-evolving industry. Constant innovations and a solution-driven approach in IT have prompted countless innovations. Software as a Service (SaaS) is a great case in point. It remained on the periphery for years, but now, the SaaS market is estimated at upwards of $145 Billion. Similarly, Web3 as an emerging phenomenon can potentially change the dynamics of the internet as a whole and have a far greater impact. It will be nothing short of a technical revolution once streamlined.
Patrick is fully prepared to reap the benefits attached to Web3. Are you? If yes, follow Mr. Parker at @patrickbparker on Instagram to remain in the loop.
