Speaker 1: Most of us can't imagine the world without the internet, but it wasn't all that long ago that we were looking up phone numbers in a local directory, recording our favourite movies onto a VHS, and posting letters to our friends. The world wide transition from analogue to digital didn't happen overnight. The next evolution could be similarly disruptive.

Moderator: Hi, and welcome to Web3 tech. Web3 tech is an immersive and evolving portfolio of courses designed for those who are passionate about next gen technology and would like to have their share in creating value in the future digital economy. So, what is Web3? Web3 is a vision for a new era of internet technology that aims to be community-driven and self-governing. Web3 technology is built on decentralised databases. That means there is no central authority and users have more ownership of their data, identity, digital creations, and how the internet works. Pretty exciting, isn't it? Now, let's have a look at the sectors that are currently taking advantage of Web3. Web3 is no longer a technology reserved for blockchain evangelists or crypto-insiders. Some well-known names are joining the Web3 movement too. In the art world, the likes of Beople and Damien Hurst are selling digital artwork for millions of dollars through NFTs, making digital artwork unique and collectable. Music artists, like Katy Perry, Disclosure, and Jason Derulo are all investing big in Audius. It's like the Spotify of Web3, built on a blockchain, which allows artists to keep more of the money they make from streaming. In banking, Bitcoin has been the poster-child of cryptocurrency, and now, the likes of JP Morgan are exploring the potential of decentralised finance, using smart contracts to trade on a public blockchain. Now, let's have a look at some of the main benefits of Web3.

Speaker 1: Increased security and privacy.

In Web2, central authorities, like companies and governments, often have access to user data and can control what content is available online. In contrast, Web3 technologies allow users to have more control over their personal information and data, as they are decentralised and not controlled by any single entity.

Increase accessibility and inclusivity.

Because Web3 technologies are decentralised, there's no gatekeeper controlling access to them, so they can be used by anyone with an internet connection. This has the potential to bring more people around the world and into digital economy, and enable new opportunities for collaboration and innovation.

Greater resistance to censorship.

Decentralised networks and blockchain technology make it more difficult for a single entity to censor or control the flow of information. This can be particularly important in countries with strict internet censorship laws, as it allows for greater freedom of expression and access to information.

Improved efficiency and automation.

Web3 technologies, like smart contracts, can enable the automation of certain processes, which can save time and reduce the risk of errors. This has the potential to improve the efficiency of various industries and business processes.

Moderator: The transition to Web3 has only just begun and it's benefits will be shaped by professionals, just like you. This portfolio of courses will help you become knowledgeable in Web3 technologies, and give you the starting point to explore their potential and relevance to your company. You'll learn new Web3 applications, services, and concepts, and you'll use the most in-demand Web3 programming languages, like Solidity or Rust. You'll master skills that will help you stand out from other developers or even break into a new career in Web3, and you'll be part of an exciting constantly-evolving technology that promises to revolutionise many industries and challenge the status quo.

Web3 Tech portfolio overview