The Web3 most powerful feature
Interoperability is one of the main digital primitives of Web3.
Once the user data is stored on a neutral platform (Open Blockchains) and owned by him, he can seamlessly switch between applications.
For instance, you are using a personal finance app to manage your money.
If you are not happy with the service provider you can change it.
If it’s a Web2 app, you will need to export your data to another bank, which means opening a new bank account and to ask permission to transfer your money.
If it’s a Web3 environment, where data is stored on a neutral platform, the user just switches to another app that shares the same data (owned by him).
This is a game-changer!
The application cannot lock in the user anymore, so the platforms lose a lot of leverage. In addition, any application can be compatible with data used in another app, because all data are under the same standards.
For example, you can use an NFT created by another organization to allow access to your application or DAO. So, the underlying assets gain much more usability and value.
Soon I will talk about other primitives ushered by Web3.
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