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Web3 – Innovation to empower businesses | Dedoco

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The emergence of Web3 and the potential it offers has captivated businesses worldwide. Web3 represents innovation, automation and disintermediation, creating a rise in a new kind of business; Decentralised Autonomous Organisations (DAOs), is a collectively-owned, blockchain-governed organization that is working towards a shared mission. Web3 technology offers the potential to transform existing businesses as they look to incorporate AI and blockchain into their current processes.

What is Web3? 

Web3 decentralised experience remote collaboration

Web3 is the next step in technology evolution that offers a decentralised experience for businesses. Data, and documents are no longer controlled by a central owner or repository but are rather collectively member owned. Any changes on the blockchain requires voting and tallying by all members, and if all agree, the activity is added and secured onto the blockchain, thereby enhancing security and keeping the network tamperproof. A shift to decentralisation has led to the growth in DAOs,  where geographical boundaries are blurred and remote collaboration enabled, with an added level of security. 

Blockchain Beyond Crypto

Although traditionally associated with cryptocurrency and DAOs, blockchain also has extensive business applications, with the potential to revolutionise business processes. Enterprise blockchain application drives automation, resulting in increased productivity and higher standards of security and compliance. 

Digital document signing is one such application of blockchain technology. Digital document management has gained popularity over the last few years, thanks to COVID and increasing remote collaboration. ‘High-trust’ sectors like public sector, legal, finance and healthcare are adopting such signatures due to high standards of security and compliance. 

Built on Web3 technology, Dedoco enables customers to have total document residency and regulatory compliance, all while still delivering the respective productivity and efficiencies to customers via their suite of enterprise apps.

Dedoco’s dVideoSign redefines trust with video signatures
Dedoco’s dVideoSign redefines trust with video signatures

Web3 is the next-generation technology that the future will be built on. Advancements in such technology will add more trust, flexibility and opportunity to businesses. Business landscapes will become efficient and optimized as blockchain technology simplifies tech stacks, data storage and business operations like document signing. Web3 is reshaping how businesses can innovate.

In addition to document solutions, Dedoco also offers blockchain training and consulting through its research & development arm, deLab. deLab aims to amp up blockchain adoption for real world business use cases and use blockchain to make a positive change for enterprises. 

Are you ready to transform your business? Contact us here.

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