Web 3.0 and Distributed Ledger Technology | Fieldfisher
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Web 3.0 and Distributed Ledger Technology

Representing the next evolution of the internet, Web 3.0 represents a paradigm-shift and emphasises decentralisation, in many respects taking the keys to the kingdom out of the hands of gatekeeper 'Big Tech' companies. Distributed Ledger Technology (such as Blockchain) has been synonymous with cryptocurrencies for many years and more recently, with NFTs. However, DLT has always promised a much wider set of use cases and we're now seeing this play out as these solutions are being deployed across a broad range of sectors. As the developments in Web 3.0 come to life, technology vendors and customers are now looking to DLT and digital assets to provide novel solutions to long term problems in sectors such as retail, manufacturing, AML, and data mapping.