Authors: Collin Connors, Dilip Sarkar

Published on: January 18, 2024

Impact Score: 8.22

Arxiv code: Arxiv:2402.04897

Summary

• What is new: This study provides a comprehensive analysis of Web3, identifying both its unique advantages over Web2 and the significant barriers to its widespread adoption.
• Why this is important: Web3 has not achieved widespread adoption despite its potential benefits due to various obstacles.
• What the research proposes: The paper suggests that developers need a deeper understanding of Web3’s benefits and limitations to create more accessible smart applications.
• Results: The analysis offers actionable insights for developers to overcome adoption barriers, potentially accelerating Web3’s integration into mainstream use.

Technical Details

Technological frameworks used: The paper discusses Web3 frameworks and their comparison with traditional Web2 architectures.

Models used: nan

Data used: nan

Potential Impact

Financial services, online marketplaces, and data storage companies could be disrupted. Meanwhile, blockchain startups and decentralized application developers may benefit.

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