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Will web 3.0 change the role of telcos?

Will web 3.0 change the role of telcos?

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In recent years, the web 3.0 movement, which seeks to fundamentally change the economics of the Internet, has gained significant momentum. For many telcos, the disruption caused by a shift to web 3.0 could open up opportunities to rebuild relevance and revenues in the consumer market.

Description

Format: PDF filePages: 51 pagesCharts: 18Author: David PringlePublication Date: August 2022

Table of Contents

  • Executive Summary
    • Three ways in which telcos can support web 3.0
    • Challenges facing web 3.0
  • Introduction
  • What do we mean by web 3.0?
    • Transparency versus privacy
    • The money and motivations behind web 3.0
    • Can content also be unbundled?
    • Smart contracts and automatic outcomes
    • Will we see decentralised autonomous organisations?
    • Who controls the user experience?
    • Web 3.0 development on the rise
  • The case against web 3.0
    • Are blockchains really the way forward?
    • Missteps and malign forces
  • Ironing out the wrinkles in blockchains
  • Could and should telcos help build web 3.0?
    • Validating blockchains
    • Telefónica: An interface to blockchains
    • Vodafone: Combining blockchains with the IoT
  • Conclusions

Table of Figures

  • Figure 1: How telcos can help tackle the challenges facing distributed ledgers
  • Figure 2: The spatial web and web 3.0 – two sides of the same coin?
  • Figure 3: How Web 3.0 differs from web 2.0
  • Figure 4: Web 3.0 proponents believe digital power is far too concentrated today
  • Figure 5: Web 3.0 proponents argue decentralisation will share value more equitably
  • Figure 6: Examples of key players in the web 3.0 value chain
  • Figure 7: For content creators, NFTs represent a growing revenue stream
  • Figure 8: How web 2.0 and web 3.0 could work together
  • Figure 9: How smart contracts work on Ethereum
  • Figure 10: OpenSea flip-flopped on its free creation tool following fakes
  • Figure 11: Web 3.0 is drawing in more and more developers
  • Figure 12: The value of BAYC NFTs has nosedived in 2022
  • Figure 13: Ethereum leads other blockchains in terms of transaction fees
  • Figure 14: How telcos could use the blockchain to support secure identification
  • Figure 15: How telcos can help tackle the challenges facing distributed ledgers
  • Figure 16: Deutsche Telekom’s participation in various web 3.0 propositions
  • Figure 17: How DT helps the Celo blockchain enables mobile payments
  • Figure 18: Telefónica’s TrustOS is designed to provide an interface to blockchains

 

Technologies and industry terms referenced include: 5G, Bitcoin, blockchain, Celo, Cloud, Coinbase, connectivity, crypto, crypto-currency, cryptocurrencies, DAB devices, DAOs, dapps, decentralisation, decentralised apps, Deutsche Telekom, Digital Asset Broker, digital assets, distributed ledgers, Ethereum, Flow, geopolitical, Hyperscalers, Internet of Things, metaverse, NFTs, non-fungible tokens, open source, OpenSea, policymakers, Polkadot, Polygon, Privacy, security, SIM card, smart contracts, Solana, spatial web, stablecoin, T-Systems MMS, telcos, Telefonica, tokens, trustless, TrustOS, web 2.0, web 2.0 services, web 3.0