Web3 Goes Mobile: How Blockchain is Revolutionising Our Trusty Smartphones
Article by Sybil - Published: 29/01/2023
We all know that the web3 revolution is coming, but have you ever stopped to think about how it's going to specifically impact our trusty mobile phones? Well, sit tight because we're about to dive in and take a closer look.
First off, let's talk about decentralisation. With web3, power shifts away from big corporations and into the hands of the users. And what do most people have with them at all times? That's right, their mobile phones. So, as web3 becomes more mainstream, we can expect to see more decentralised apps (dApps) popping up on our mobile phones. These dApps will allow us to do everything from managing our finances to socialising, all without relying on a central authority. Most of these dApps will be built on Ethereum, a blockchain-based platform that allows for the creation of decentralised applications.
But it's not just about dApps. Web3 also has the potential to change the way we interact with our mobile phones. Think about it, with web3, our mobile phones will be able to securely store and share our personal data without the need for a third-party intermediary. This means that we'll be able to use our mobile phones to verify our identities, sign contracts and even vote, all without having to give away our personal information to a corporation. This is achieved through the use of blockchain-based digital identities, known as self-sovereign identities (SSI) that allow users to have full control over their personal data.
And let's not forget about micropayments. With web3, small financial transactions can be made easily and quickly. Imagine being able to buy that cup of coffee or pay for public transport with just a few taps on your mobile phone. It's a game-changer. These transactions are made possible by blockchain-based digital currencies such as Bitcoin and Ethereum, and smart contract platforms like Ethereum that enable the creation of decentralised applications that can facilitate these transactions.
So, in short, web3 is going to be integrated into mobile phones in a big way. It's going to change the way we interact with our phones and the way we use them in our daily lives. It's an exciting time to be alive and to be a part of this technological revolution.