Web 3.0 has gained a lot of competition in the global market, and many expect it to get a lot of technology.
CertifiedTrue CEO Stephen Graves believes blockchain technology will impact many technologies in the coming years. CertifiedTrue is a Software-as-a-Service that provides a secure way to immutably link the time, place and ownership of information on its premises.
In a recent interview, Graves said that despite the turmoil surrounding Web 3.0, there is still a long way to go before companies adopt it. He says:
“So there is a lot of excitement and investment in pushing for Web3.0 technologies – decentralized, blockchain. At the same time, many applications and industries are still struggling to integrate. Integrated, even Web 2.5 (cloud). Some data-intensive industries, such as Legal, Insurance and Real Estate, still use the surprise and human resources. The process goes beyond integration where it can be difficult to buy-in real change. “
Graves argued that the real growth would be in integrating Web 3.0 with Web 2.5, not replacing it. He said it was an example of how his company leveraged both to create its graphic proof app. Graves says:
“When we started building our own blockchain platform in 2018 to support our flagship photo proofing app, we realized that in order to survive the ‘Zamfir triangle” in scalability, security and decentralization, we need to build a hybrid system using cloud and blockchain technology. Finally, it has given us the best of both worlds, and I think this is the real place. will happen in the next 5 years. “
The CEO of CertifiedTrue is not a fan of non-fungible tokens (NFTs), adding that he believes they will not last long. He says;
“The current state of NFTs is a bubble, and it will fall to the ground at some point. I mean, how much is going to Crypto Kitties now? But like the previous wave of technologies such as blockchain, cloud and e-commerce, I believe that the real value of NFTs is in the technology used for real-world problems, and the benefits only is thought to grow over time. “