Social media With Web3 implementation
The need for Web 3 is the lack of privacy for the user about their data in Web 2; this makes the tech giants or others to make changes in the data they share in their social media. They can even delete their data without the knowledge of the user who shared it. This makes the web2 users to lack their control over their data in the social media platform.
This leads to the development of web3 social media platform for the social media platform developers and providers. This makes the user data a decentralized form for the users, where users own their data and control them of their own. Which leads the third party or other to stand apart from the data of the users. This gives the users a confident level of secured data arrangement on their hands. And this leads the users to use the web3 social media. Build your own customized web3 social media platform with a custom web3 social media solution.
Financial Services with Web3 implementation
As for as the top three important features for the user to be secured in the digital world is the data sharing, payment method via smart contract i.e without the third party while the payment goes on, the deals should be between the buyer and sender which reduces much faults and errors of any loss during the payment. This web3 will increase the originality of providing the digital identity of the users. So the personal data is always in the hands of the users and not in the centralized form.
While it comes under the financial services the transactions will be off in a periodical manner. So the transactions can be noticed by any third party. This leads to loss of data. This Web3 implementation in financial service can make a relief to the users for governing their data . Web3 in financial services makes a best way for manipulating data under their hands by the users.
Implementing Web3 Solutions in banking sector
To reach the audience for the banking sector beyond the expectation is possible with Web3. Users can directly connect to the financial systems directly. By wallets, their assets can be maintained and accessed wherever they need. These are all impractical with the traditional banking system. This Web3 enables peer-to-peer connection by neglecting the third parties between banks and people. This opens a path for the transactions without adhering to any KYC requirements.
As this is based on the distributed blockchain network it stores every financial record to reduce the point of failure. Furtherly as Web3 doesn't need intermediaries, it does not need to distribute records anywhere. If you are an investor or entrepreneur willing to invest via Web3 in the banking sector it's the right time to go on. We Maticz Technologies provide you with a customized solution in web3 development.
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