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3 Companies Transforming Industries with Web3.0 & Blockchain Innovation
Tokenaway: Web3 Innovation shaking up the Healthcare, Supply Chain, and Content Industries.
But, seriously, what does Web3 mean?
The term “Web 3.0 or Web3” was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts and large tech companies.
Web3 is still evolving and being defined, as such, there is not an established and universally accepted definition. Yet, Packy McCormick, an investor who helped disseminate Web3, has defined it as “the internet owned by the builders and users, orchestrated with tokens.”
The emergence of Web3 — characterized by decentralization, blockchain technology, and user empowerment — promises to revolutionize industries across the globe. From finance to supply chain management, brands are leveraging the principles of Web3 to transform traditional business models and create new value propositions.
This article explores three key companies leading this transformation, supported by insights and real-life examples.
