Understanding Web3 Blockchain: Why It’s Crucial for Enterprises

Is your enterprise struggling with data security, control, and transparency in this digital age? We understand the challenges of managing sensitive data while maintaining its security. Traditional systems often limit control and expose businesses to risk. 

But Web3 offers a solution that provides more security, transparency, and control through decentralization. That’s why the Web3 blockchain market is expected to grow from USD 2.8 billion in 2024 to USD 18.3 billion by 2034, with an annual growth rate of 33.5%. This rapid growth signals a major shift in how businesses approach data management, and it’s time to consider how your enterprise fits into this evolution.

In this blog, we’ll explore what Web3 is, how it’s different from previous models, and why it’s crucial for your enterprise. We’ll also cover the technologies behind Web3 and real-world applications to help you understand how it can transform your data management and future-proof your business.

• Web3 enables true data ownership, shifting control from centralized entities to individuals, fostering greater security and privacy.
• Blockchain’s transparency and immutability ensure trust without intermediaries, empowering you to automate and streamline operations.
• The semantic web enables AI to comprehend data context, enhancing search accuracy and personalization for improved user experiences.
• Decentralized applications (dApps) facilitate peer-to-peer interactions, removing reliance on traditional platforms and enhancing business agility.
• Community-driven models in Web3 create stronger engagement, where users contribute to growth and innovation through shared incentives.

What is Web 3.0?

Web 3.0 represents the next evolution of the internet, a shift from the centralized platforms of Web 2.0 to a more decentralized model that empowers users with control over their data, identities, and transactions. 

Simply put, Web 3.0 is built on blockchain technology, which enables secure, transparent, and decentralized data management. This technology creates a system where users, not centralized authorities, own their data and can control how it is used. With blockchain, data isn’t stored on a single server but is distributed across a network of computers, ensuring greater transparency and security.

As Thomas Stackpole, Senior Editor at Harvard Business Review, aptly states, “Web3 is an extension of cryptocurrency, using blockchain in new ways to new ends.” What Stackpole is referring to is how blockchain, initially used for cryptocurrencies like Bitcoin, is now being adapted for a much broader range of applications. 

Web3 leverages blockchain technology to manage data, transactions, and digital identities. By doing so, it eliminates the need for third-party intermediaries and gives users like you greater control over their online interactions. More on that in the next section, where we’ll explore the core ideas of Web 3.0.

Now, let’s discuss the core components that make Web 3.0 function effectively.

What are the Core Components of Web 3.0?

Web 3.0 is driven by core ideas that redefine how the internet works, placing greater control in the hands of users while removing traditional intermediaries. Here, we’ll explore these core components and explain how each plays a crucial role in shaping a more decentralized, user-controlled, and efficient internet.

1. Decentralization

Web 3.0 eliminates the reliance on central authorities by distributing data across multiple nodes. This decentralized approach ensures that you own and control your data, thereby reducing risks associated with data breaches and misuse. Instead of relying on a single central server, information is stored across a network, so no one entity has complete control over it.

For example, a bank wants to share customer account data with the insurance department securely. Rather than sending this information through a centralized platform, the data can be stored across a decentralized network, allowing both departments to access and verify the information in real-time, ensuring greater security and transparency.

Outcome: By adopting decentralized models, you enhance security and streamline operations, ensuring that data management remains within your control.

2. Trustlessness

Trustlessness is a crucial concept in Web 3.0. It removes the need for intermediaries. This means you don’t need to trust a third party to manage transactions or data. Instead, blockchain technology verifies and records interactions through smart contracts, making them automatically enforceable without the need for a central authority.

For example, your logistics company wants to process payments with international partners. Instead of using a third-party bank to verify and process the transaction, a smart contract executes the payment automatically when conditions are met. This reduces delays and ensures secure transactions, without the need for intermediaries.

Outcome: Implementing trustless systems improves efficiency, security, and reduces the risk of human error.

3. Semantic Web

The Semantic Web utilizes metadata and artificial intelligence (AI) to enable machines to understand and interpret data more effectively. Metadata refers to information that describes the properties and context of data, enabling more accurate searches and interactions.

For instance, when you search for “eco-friendly products”, a semantic search engine powered by Web 3.0 doesn’t just match keywords. It understands the intent behind the search, such as finding sustainable and high-quality items, and delivering contextually relevant results. This makes searches more accurate and efficient.

Outcome: For your business, leveraging the semantic web can enhance search accuracy, offer personalized experiences, and boost engagement by delivering highly relevant content to users.

4. Interoperability

Interoperability refers to the ability of different systems and platforms to exchange data seamlessly. Web 3.0 enables data to flow freely between various services, allowing you to easily switch between different platforms without losing data or preferences.

For example, if you’re running a CRM system and a cloud-based analytics platform. Web 3.0 ensures these systems can communicate directly without manual data transfers. If a customer updates their contact information in the CRM, it automatically syncs with your analytics platform, ensuring real-time updates and seamless integration.

Outcome: By implementing interoperable systems, you improve efficiency, reduce manual work, and ensure real-time data consistency across your services.

5. Ownership

Web 3.0 enables you to own your digital assets, including data, intellectual property, and digital goods. Blockchain technology enables tokenization, meaning users have full control over their assets. This model is a shift from traditional systems, where companies own and control data.

For instance, a media company creates and sells digital art. In Web 3.0, they can tokenize their art, allowing buyers to resell or transfer ownership as they would physical property. This creates a new revenue model, where assets are liquid, tradable, and flexible.

Outcome: Digital ownership provides more control, new revenue opportunities, and enhances customer engagement by enabling users to participate in your platform actively.

6. Community

In Web 3.0, the community plays a central role. It goes beyond just being a group of users. Communities are actively involved in the creation, management, and growth of a platform. The incentives and ownership models introduced in Web 3.0 foster collaboration, making the community an integral part of the platform’s success.

For example, a fitness app in Web 3.0 could reward users who create workout routines with tokens that represent a stake in the platform. Users would have an incentive to improve the platform, share content, and promote it to their networks. This creates a self-sustaining ecosystem where both the platform and its community grow together.

Outcome: This level of community involvement brings unparalleled brand loyalty and drives user engagement, which is vital for scaling your business effectively in Web 3.0. 

Next, we’ll explore how Web 3.0 stands apart from its predecessors, Web 1.0 and 2.0.

Web1 vs Web2 vs Web3: The Key Differences

To truly understand what Web3 is and how it can reshape your business, it’s essential first to recognize the evolution of the internet. Web1 and Web2 laid the groundwork for Web3, each bringing its own set of changes and capabilities. But with Web3, the internet is entering a new era of decentralization and user empowerment. Let’s explore how Web3 differs from its predecessors, Web1 and Web2.

Feature	Web1	Web2	Web3
Ownership and Control	Centralized ownership by ISPs and providers. Data was owned by companies.	Centralized control by large corporations (e.g., Facebook, Google).	Decentralized, you control your data and assets through blockchain.
Interactivity	Static, read-only pages; limited interaction.	Dynamic, user-generated content; active participation (e.g., social media).	Decentralized applications (dApps) allow direct peer-to-peer interactions.
Technology	Built on HTML, CSS, and basic programming languages.	Web 2.0 technologies: AJAX, HTML5, JavaScript, and cloud computing.	Blockchain, AI, decentralized protocols, and smart contracts.
Data Security	Basic security; data was stored on individual websites.	More advanced, but data control rested with centralized platforms.	Enhanced security using encryption and distributed ledgers, with user control.
User Privacy	Minimal data tracking; users were anonymous.	Data is collected and sold to advertisers; minimal user control.	Users have full control over data; you can choose what to share and monetize.
Monetization	E-commerce and ad-supported models (e.g., banner ads).	Advertisement-driven model; companies use user data for targeted ads.	Users can earn rewards through decentralized networks or tokenized assets.
Trust	Relies on trust between the user and the website.	Relies on centralized authorities (e.g., banks, social media platforms).	Trustless environment powered by blockchain; no central authority required.
Interoperability	Limited, primarily isolated systems.	Improved interoperability with APIs allows apps to integrate with other platforms.	Fully interoperable across platforms and services; users can move data and assets seamlessly.
Decentralization	Not decentralized; centralized control over all data and applications.	Centralized control over data and infrastructure (e.g., Google, Facebook).	Completely decentralized with blockchain technology; no central authority.
Economic Model	Basic transaction-based economy; early e-commerce.	Web2 economy centered around data monetization (advertising, subscriptions).	Web3 offers token economies, enabling users to create, share, and monetize content directly.

Web3 introduces radical changes compared to Web1 and Web2. This evolution is changing how we conduct business, manage data, and interact online. To elaborate further, we’ll next explore the key technologies supporting Web3.

Also read: Understanding Next Stage of Web3 Gaming

Key Technologies Supporting Web3

Web3 is powered by disruptive technologies that are shaping the way we interact online. These technologies provide the foundational infrastructure needed to build decentralized, secure, and user-empowered systems. Let’s explore the key technologies that support Web3 and how they’re transforming digital interactions.

1. Blockchain Technology

Blockchain is a decentralized, distributed ledger that records transactions across a network of computers. Unlike traditional systems, blockchain data is stored in blocks that are linked together in chronological order. 

How it supports Web3:

• Transparency: All transactions are publicly recorded, promoting trust between parties.
• Immutability: Once data is written to the blockchain, it cannot be altered or erased, ensuring data integrity.
• Security: Blockchain uses encryption to secure transactions, making it resistant to tampering or hacking.
• Decentralization: Unlike centralized systems, blockchain distributes control across a network, reducing the risk of single points of failure.

Example: You can use blockchain to record transactions or assets like ownership of digital art or real estate, ensuring authenticity and tracking ownership transparently.

2. Smart Contracts

Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. These contracts run on blockchain networks, and they execute automatically when certain conditions are met.

How it supports Web3:

• Automation: Smart contracts automate transactions and agreements without the need for intermediaries, reducing delays.
• Trustlessness: There’s no need for trust between parties because the contract is executed automatically when conditions are met.
• Cost-Efficiency: Eliminates the need for third parties, saving costs on intermediaries like lawyers or notaries.
• Security: The blockchain secures smart contracts, ensuring they cannot be tampered with.

Example: A business can utilize smart contracts to automatically release payments upon receipt of goods, ensuring seamless transactions without requiring human intervention.

3. Digital Assets and Tokens

Digital assets are valuable items that exist solely in digital form. These include cryptocurrencies, NFTs (non-fungible tokens, which are unique digital assets that represent ownership of a specific item or piece of content), and tokenized assets. Tokens can represent anything of value, from digital currencies to real-world assets such as property or stocks.

How it supports Web3:

• Ownership: Tokens offer a secure way to own and transfer digital and physical assets.
• Monetization: Web3 enables you to monetize digital content directly, without relying on centralized platforms.
• Security: Tokens are secure, using blockchain to ensure the authenticity and traceability of assets.
• Liquidity: Tokenization allows illiquid assets to be divided and traded easily on digital platforms.
• Fractional Ownership: Tokenization enables fractional ownership, allowing more people to invest in expensive assets like real estate or art.

Example: In Web3, you can tokenize real estate, allowing you to sell fractions of a property securely using blockchain.

4. WebAssembly (Wasm)

WebAssembly (Wasm) is a binary instruction format that allows code to run at near-native speed inside web browsers. It enables high-performance web applications, allowing developers to build decentralized applications (dApps) that run efficiently across platforms.

How it supports Web3:

• Performance: WebAssembly boosts performance by running code faster than traditional web technologies like JavaScript.
• Cross-Platform Compatibility: WebAssembly supports the execution of code across different platforms, making decentralized applications more accessible.
• Efficiency: It makes dApps lightweight and scalable, crucial for the growth of Web3 technologies.

Example: A decentralized exchange (DEX) can utilize WebAssembly to enhance transaction speeds and scale with increasing user numbers.

5. Semantic Web Technologies

Semantic Web technologies use linked data to enable applications to understand and interpret web data in a more meaningful way. It involves frameworks like RDF (Resource Description Framework) and OWL (Web Ontology Language) to link and structure data. 

RDF (Resource Description Framework) organizes data as “subject-predicate-object” triples to interlink datasets, and OWL (Web Ontology Language) defines relationships and helps machines make logical inferences.

How it supports Web3:

• Data Integration: Semantic technologies enable decentralized applications (dApps) to connect and use data from multiple sources effectively.
• Intelligent Interaction: OWL enables dApps to comprehend the context of data, facilitating smarter decision-making.
• Improved Search: With RDF and OWL, search engines provide more contextually relevant results, rather than relying solely on keyword matching.

Example: A decentralized healthcare app could integrate patient records, treatment plans, and insurance details from various sources to offer a comprehensive view of the patient’s care journey.

These key technologies form the backbone of Web3, each playing a vital role in the development of a decentralized, user-empowered internet. Let’s discuss their importance and how they benefit modern enterprises.

Want to make your operations secure, transparent, and more efficient?

At Codewave, we deliver blockchain solutions that tackle your unique challenges, whether it’s automating financial transactions, ensuring transparent supply chain management, or securing sensitive data across departments. Our blockchain implementation services are tailored to eliminate inefficiencies and enhance operational integrity.

Book a consultation with our blockchain experts today!

With an understanding of Web 3.0’s technologies, let’s explore why it matters for enterprises.

The Importance and Benefits of Web3 for Enterprises

Web3 technologies have the potential to address long-standing challenges faced by enterprises, offering enhanced control, security, and transparency. Let’s explore all the key benefits in detail:

• Decentralized Data Ownership: Web2 platforms control your data, creating security risks and third-party dependencies. Web3 empowers you to take control, enabling secure data management and reducing your reliance on intermediaries.
• Transparency in Operations: Centralized systems hide transaction flows, making verification difficult. Web3’s blockchain ledger ensures real-time tracking, offering full transparency and accountability across your operations.
• Enhanced Security: Traditional systems are vulnerable to data breaches. Web3’s decentralized design and cryptographic security safeguard sensitive information, minimizing risks and preventing tampering.
• Ownership and Monetization of Digital Assets: Web2 platforms control your digital assets, limiting your ability to monetize them. Web3 enables the tokenization and control of assets, unlocking new revenue streams while empowering users.
• Customer Control over Personal Data: In Web 2.0, user data is often controlled by platforms without transparency. Web3 allows users to control their data, thereby strengthening trust and fostering customer loyalty.
• Improved Collaboration and Interoperability: Data silos in traditional systems hinder collaboration. Web3’s decentralized infrastructure enables seamless data flow across platforms, improving collaboration and operational efficiency.

By adopting Web3, your enterprise can reduce costs, enhance customer relationships, and streamline operations while gaining greater control over your data. To bring it to life, let’s explore real-world examples of how Web 3.0 is being implemented.

Real-Life Examples of Web3 Blockchain in Action

Web3 technologies like blockchain, NFTs, and decentralized systems are already transforming industries. Leading enterprises are leveraging these technologies to drive transparency, security, and efficiency in ways that were previously unimaginable. Let’s explore some real-world examples of how Web3 is revolutionizing different sectors.

1. SEE Rating

SEE Rating built a blockchain-powered system that allows businesses to measure, strategize, and track their sustainability efforts, aiming for net-zero carbon emissions by 2050. Using a 6-step process, the platform provides businesses with a personalized portal to monitor ESG ratings and make improvements, leveraging blockchain’s transparency to ensure accountability.

Impact: This solution increased organizational accountability, providing data-driven insights for sustainability and reducing carbon emissions.

2. Coinbase

Coinbase offers a decentralized platform for buying, selling, and managing digital assets, utilizing blockchain technology for secure and transparent transactions. It enables users to access decentralized finance (DeFi) protocols, ensuring transparency and real-time transaction tracking without the need for intermediaries.

Impact: Coinbase became a trusted platform for digital currency management, contributing to the broader Web3 adoption in the finance sector.

3. Walmart

Walmart partnered with IBM to develop a blockchain-based food traceability system, known as IBM Food Trust. This solution allows supply chain stakeholders to securely input data into a shared network, cutting down the time to trace food products from days to just seconds, ensuring product safety and transparency.

Impact: Improved supply chain efficiency and consumer trust by providing real-time traceability and reducing the risk of foodborne illnesses.

4. Nike

Nike launched .Swoosh is a Web3 platform for NFTs, enabling customers to buy, sell, and create digital apparel and accessories. This blockchain-based platform offers users virtual ownership and the opportunity to engage with the brand in new, decentralized ways.

Impact: Nike strengthened brand engagement by tapping into the growing market for digital collectibles, offering customers new ways to interact with the brand.

5. 100 Thieves

100 Thieves distributed over 300,000 Polygon-based NFTs to its fans as commemorative digital collectibles tied to a team milestone. This initiative allowed the esports brand to connect with its fanbase, offering permanent, verifiable proof of ownership for fans and creating new avenues for engagement.

Impact: The campaign deepened fan engagement and created a lasting bond between the team and its supporters, using blockchain to offer digital collectibles as a form of ownership.

These Web3 implementations show that enterprises across various industries are using blockchain and NFTs to enhance transparency, accountability, customer engagement, and operational efficiency. 

Do you want to implement Web3 and blockchain for your enterprise?

At Codewave, we create customized Web3 platforms and blockchain solutions to improve transparency, security, and operational efficiency. From smart contracts to NFT-based transactions, our Web3 Development Services are tailored for your business needs.

Schedule a consultation with our experts today!

While promising, Web 3.0 does present challenges; let’s examine the hurdles organizations face.

Challenges and Concerns for Web3 Blockchain Implementation

As Web3 continues to gain traction, enterprises face several challenges when implementing blockchain and decentralized technologies. Let’s explore these challenges and the solutions that can help you overcome them, ensuring a smooth and effective implementation of Web3 in your enterprise.

1. Scalability Challenges

Blockchain networks face scalability challenges as data volumes increase. As more transactions are added, these networks can become slow and costly. 

Solution: To solve this, you can implement Layer 2 solutions like Optimistic Rollups or zk-SNARKs. These solutions handle data off-chain, processing transactions quickly and efficiently while maintaining the security of the main blockchain.

2. Interoperability Across Blockchain Networks

Another significant challenge is the lack of seamless interoperability between different blockchain platforms. Enterprises often need to use multiple blockchain networks, but communication between these systems can be difficult. 

Solution: To address this, protocols like Polkadot and Cosmos create bridges between different blockchains, enabling them to share data and resources. This allows your enterprise to leverage the strengths of various blockchain networks while ensuring smooth data flow across your organization.

3. User Adoption and Experience

Web3 technology can be difficult for new users due to its complexity and steep learning curve. As a result, many enterprises struggle with user adoption. 

Solution: The solution lies in designing user-friendly interfaces that abstract away the technical aspects of blockchain. Wallet integration and smart contract automation can simplify user interactions, making the experience seamless.

4. Regulatory Compliance

Regulatory compliance remains a significant concern for Web3 applications, particularly in light of data privacy and security laws that are now in place. Existing regulations like GDPR and AML create challenges for enterprises building decentralized applications. 

Solution: To address this, you can implement privacy-preserving technologies such as zero-knowledge proofs (ZKPs) or privacy-focused blockchains. These methods allow you to ensure that transactions and user data comply with regulations while protecting privacy.

5. Governance in Decentralized Systems

Decentralized systems, by their nature, lack a centralized authority, leading to governance challenges. It can be difficult to establish clear decision-making processes in decentralized applications. 

Solution: The solution is to implement Decentralized Autonomous Organizations (DAOs), which allow for transparent, community-driven governance. DAOs use tokens for voting and decision-making, ensuring that all stakeholders have an equal voice in the process.

6. Consumer Protection

Web3 technologies have faced trust issues due to failed projects and security concerns. This has raised concerns about consumer protection, especially in the context of digital assets and transactions. 

Solution: To address this, Web3 applications should implement robust security features, such as end-to-end encryption and multi-signature wallets. Transparent smart contracts and audit trails also help protect users by ensuring that transactions are traceable and secure.

7. Technical Debt and Legacy Integration

Integrating Web3 technology with legacy systems can be challenging, often requiring significant resources and time. Traditional systems were not designed for decentralized applications, which may result in incompatibility. 

Solution: The solution is to implement API-based solutions and middleware that can bridge the gap between legacy systems and blockchain networks. These integration layers enable legacy systems to interact with decentralized platforms without causing disruptions.

These are the critical challenges enterprises face when adopting Web3 technologies. However, with the right solutions, you can overcome these barriers and unlock the full potential of Web3 for your business. Looking ahead, let’s discuss the potential trajectory and evolution of Web 3.0 blockchain.

The Future of Web3 Blockchain

The future of Web3 blockchain is shaping up to address many current challenges while providing new opportunities for enterprises. As Web3 continues to evolve, it’ll become more scalable, efficient, and adaptable to modern needs. Below are some key elements that will define the future of Web3.

1. Evolving Beyond Blockchain’s Limits

While blockchain has been central to Web3, it faces challenges related to scalability and speed. New approaches, like FastPay and modular blockchain frameworks, will offer better scalability and efficiency without relying on rigid total ordering. The future of Web3 will focus on flexible, verifiable payment systems and decentralized settlement protocols.

2. Shift from Total Ordering

Blockchain’s reliance on total ordering for transactions has limited throughput. However, technologies like Linera’s independent local orderings are providing alternatives. These innovations will enable Web3 to scale without compromising security or decentralization, thereby opening up new possibilities for high-speed, decentralized applications.

3. Modular Blockchain Frameworks

The use of modular blockchain frameworks, such as Celestia, will enable enterprises to tailor their blockchain solutions to meet their specific needs. These frameworks prioritize flexibility, enabling decentralized applications to scale efficiently while maintaining robust security protocols. This modular approach will allow for more adaptable Web3 solutions that can cater to a diverse range of use cases.

4. AI Integration and Autonomous Agents

AI-driven autonomous agents will be an integral part of Web3’s future. These agents will interact seamlessly with decentralized systems, requiring a shift to flexible blockchain solutions that can handle high-volume transactions. This integration will bring new efficiencies to sectors like finance, logistics, and customer service.

Also, read our blog on AI vs Human Intelligence: Differences and Similarities Explained to learn more about the future of AI-human interaction.

The future of Web3 blockchain holds immense promise, with innovations in scalability, flexibility, and governance. By adopting these advancements, your enterprise can stay ahead in a decentralized world.

Empower Your Enterprise with Scalable Blockchain Solutions by Codewave

By adopting Web3 technologies, you can unlock new levels of transparency, security, and operational efficiency. From enhancing data privacy to enabling decentralized applications, the Web3 ecosystem offers vast potential to streamline business processes and empower your stakeholders.

At Codewave, we help you unlock the full potential of blockchain with tailored, scalable, and secure solutions. Our expertise spans across a variety of industries, ensuring that we can implement Web3 technologies that align with your business objectives and drive innovation.

Explore our portfolio to see how we’ve empowered enterprises to leverage blockchain for enhanced business operations.

Our Blockchain Services:

• Blockchain Strategy Consultation: We define a clear blockchain roadmap tailored to your business goals and long-term success.
• Smart Contract Development: We automate processes through custom-built smart contracts, ensuring transparency and security.
• Custom Blockchain Development: Our team builds bespoke blockchain solutions to streamline your operations and secure your data.
• Decentralized Application (DApp) Development: We create and deploy DApps that revolutionize business operations and foster innovation.
• Blockchain Integration: Seamlessly integrate blockchain into your existing systems, enhancing functionality and transparency.

Contact us today to explore how blockchain can revolutionize your enterprise!

FAQs

1. Crypto has faced some trouble. What does this mean for Web3?

Ans: While cryptocurrency has experienced volatility, Web3’s decentralized principles, such as data ownership and smart contracts, extend beyond cryptocurrencies. The challenges in crypto highlight the need for a more secure and sustainable Web3 ecosystem, but won’t hinder its overall growth.

2. Is Web3 the same as the Metaverse?

Ans: No, Web3 is a decentralized internet built on blockchain, while the Metaverse is a virtual world focused on immersive digital environments. Web3 provides the infrastructure for decentralized apps and services, whereas the Metaverse utilizes Web3 to create virtual spaces.

3. Why are Blockchain’s ethical stakes so high?

Ans: Blockchain’s decentralization challenges traditional systems, enabling peer-to-peer transactions without the need for intermediaries. This can disrupt industries, but it also raises ethical concerns about potential misuse, such as fraud or illegal transactions. Ensuring ethical standards is vital for responsible adoption.

4. What can a DAO (Decentralized Autonomous Organization) do and can’t do?

Ans: A DAO enables decentralized governance through the use of smart contracts and member voting, ensuring transparency. However, it can’t operate beyond its code and may face issues with scalability and legal enforcement, limiting its real-world applicability.

5. Why is Web3 disruptive, and what should enterprises consider next?

Ans: Web3 disrupts traditional centralized systems by enabling secure, peer-to-peer transactions and data ownership. Enterprises should consider the technical challenges, regulatory environment, and user adoption, starting with a gradual integration of Web3 to maximize benefits and minimize risks.