Web3 is the internet next generation that naturally emerged to democratize access to spaces and to assure high-level interaction platforms, data security, and transparency. As a decentralized stage of the internet, the users' information will no longer be held in the power of a few enterprises nor sold to other companies. The users will have autonomy over their data and what is shared, and a great contributor to this framework is blockchain utilization, an open-source register book on the internet.
Blockchain for financial services, for instance, operates as a direct connection between the buyer and the seller of assets (cryptocurrencies, NFTs, tokens, in-game exchanges, and others).
The previous creation of smart contracts, validated by many collaborators in the web3 universe as these “information blocks tied in a chain” on the network/internet, allows transactions not to need a third-party institution to validate your request, increasing the autonomy of the users over their assets.
When social and environmental projects find their way into the blockchain.
Transparency over financial transactions and detailed information about the reliability of enterprises become wider and public, assuring the projects comply with what they affirm, and also allowing digital assets like cryptocurrencies to fund projects that once were funded only by conventional financial means
Projects that are engaged with climate mitigation and carbon credits, funding mechanisms for social programs, collaboration with traditional communities, or others.
It means that blockchain can bring verification of the reliability of their speeches to whoever wants, dismantling every company that executes greenwashing or companies that operate unethically. Web3 framework also enables users to share projects with the decentralized communities workforce, allowing enterprises to have great contributions that boost their businesses and their purpose-driven missions.
For example, even though every year more countries have been adhering to the commercialization of carbon credits or the occurrence of new global conferences about the climate crisis and forests, the emissions rate is still increasing since Kyoto’s Protocol, not the contrary. For that reason, Web3 is important to strengthen transparency, operational methodologies, and the creation of innovative funding mechanisms for projects, enterprises, and public-private partnerships to effectively reach an emissions reduction accomplishment.
Infographic created by 101blockchains.com
That’s the strongest positive externality we have with the Web3 framework: the groundings for a new economy that breaks paradigms. A development model that uses a regenerative dynamic, co-building a conservation-based economy not only for operationalizing environmental projects with blockchain, which impacts thousands of lives, but also because it’s a transparent decentralized system that operates in green platforms and it’s compromised to CO2 zero emissions, and finding innovative solutions to help the world’s population transition to sustainable societies.
To have many parties involved guarantees a whole new way of sharing data, connecting and interacting around the world, certifying products, services, and transactions of any kind, directly contributing to society to scale ideas that can help it to develop itself with the maintenance of conditions for futures generations to do the same: grow while conserving human species.
Having all the above considered, it’s crucial that conventional, and web3 businesses have in their core strategy the true action for sustainability when developing their projects, generating revenue in accordance with the conservation of natural resources, and also providing means to make more people aware of the importance of the Amazon and natural resources, so as the creation of new methodologies and mechanisms for valuing the forest emerge and become solid in the next generation market.
It’s also essential that new businesses take into consideration transitioning to Web3 and blockchain, expanding its impact and opportunities for growth in the generation of the Internet that appears to grow every year until Web2 is replaced entirely, following its natural course. It’s the way of making projects transparent, built by many hands, scalable and sustainable - assuring profits while fomenting the sustainable development of our society.
Be part of this journey!