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Web 3.0 – A decentralized internet that could be based on blockchain technology

Down to Business Podcast Episode 133

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This week’s Down to Business focuses on Web 3.0 or a new idea of ​​the decentralized internet that many people say will be based on blockchain – the technology that enables bitcoin and has vast potential to do much more. .

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First guest Lex Sokolin, chief economist at Consensys, a blockchain software technology company in New York City, said companies are still only discovering potential applications of blockchain technology, but its use is already growing faster. than anyone could have predicted.

The second guest, Victoria Lemieux, associate professor at the School of Information at the University of British Columbia, where she co-founded the blockchain research cluster, said that at a grassroots level, blockchain is a record keeping technology.

Both guests said blockchain could have profound implications for how the internet works, especially the attention economy – or how some of the biggest tech companies have commoditized human attention by collecting and using it. selling data and advertisements.