A presentation at Web 3.0 beyond DeFi in in Lagos, Nigeria by Samuel Akinosho
WEB 3.0 Beyond DEFI Samuel Akinosho CEO, Kingdom
WTF is WEB 3.0?
Web 3.0 Simply Explained! Web 3.0 is the 3rd generation of the internet where the devices are connected in a decentralized network rather than depending on server-based databases. The new internet is a user-centric, more secured, private and better connected.
The Evolution of the Web.
The History of the Web
Web 3 Benefits
DeFi Simply Explained! DeFi, shorthand for “decentralized finance,” is a catchall term for a group of financial tools built on a blockchain. The idea is to allow anyone with internet access to lend, borrow and bank without going through middlemen. DeFi is one of the fastest growing areas of the blockchain and decentralized web space.
WEB 3.0 beyond DEFI Decentralizing Everything
Healthcare Healthcare institutes can improve their privacy, security, and interoperability of medical records using blockchain technology.
Supply Chain It can be used for any type of verification – for example, seafood verification, where it can track the seafood from ocean to market. The Pacific Tuna Project uses blockchain to manage fishing information, exporting/importing details, and purchasing details to track tuna fishing. This prevents illegal fishing.
Government People can vote online easily without revealing their identities. Using blockchain, officials can count votes with absolute accuracy, knowing that each ID can be attributed to only one vote. Fraud cannot occur because it is next to impossible with blockchain technology. And, once a vote is added to a ledger, it cannot be changed or erased.
Cyber Security Because blockchain is a decentralized system, it’s ideal for environments where high security is involved. Here, all the information stored on a bitcoin or other blockchain network is verified and encrypted using a cryptographic algorithm – which leads to no SINGLE point of entry for a wide-scale attack
Real Estate Deploying blockchain technology in real estate increases the speed of the conveyance process and eliminates the need for money exchanges.
How Do We Make This Happen? www.withkingdom.co
Infrastructure API’s Kingdom is an ecosystem of scalable, fast, and secure blockchain APIs that powers your DeFi projects, distributed apps and enterprise products
Samuel Akinosho I look to the future because that’s where I’m going to spend the rest of my life.
This talk is focused on exploring other sectors decentralization is revolutionizing asides DeFi.
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