More Security in a Trusted Ecosystem: Can Biometrics Be the Solution?


The idea of ​​a democratic framework that offers consumers self-reliance is gaining traction in the Web3 technology arena. The centralized internet, on the other hand, has revealed several reasons why it’s time for a change.

Web3 allows users tighter control over their own data, meaning anyone can interact on the web without a trusted third party. It aims to be completely permissionless and more transparent when it comes to how data is used. It gives people power back.

As the world moves towards the decentralized Web3 Internet, so will its financial framework. The current Web2 Internet has flourished with advances in online payment systems and digital finance, but is very centralized. The Web3 space, on the other hand, is making a big shift toward the goal of democratizing financial services. Take decentralized finance (DeFi) as a key sector valued at $247.5 billion at the end of 2021. Powered by Smart…

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