Forward and Web 3.0

Difficult roads often lead to beautiful destinations — Zig Ziglar.

Often, this has been the case for anyone looking to enter into the blockchain space, as they have to scale multiple barriers to implementing this revolutionary technology. However, it is impossible to deny its potential to make processes faster, more secure, and transparent. This beautiful destination motivates people to continue trying to make sense of all its complexities.

Just when you think you have a grip on the blockchain and cryptocurrencies, you start to hear about Web 3.0. 2021 was the year of Web3 — a blockchain-powered internet. And in typical blockchain fashion, it developed pretty fast.

It became another concept to understand if you were already in the space, while board rooms had to ponder how it would affect their businesses and investments. How about the average person who was still struggling to understand the blockchain?

In short, the task of understanding, participating, and leveraging the blockchain did not become easier with the invention of Web 3.

Do we need Web 3?

The short answer is yes.

In its current state, the Web2 internet is fragmented, not secure, with privacy breaches and data leaks becoming the order of the day. We already do so much on the internet, and all of our data is already on the web. However, this version of the internet was built to communicate better and share content faster, not process payments, exchange value, or other economic transactions. These deficiencies give the impetus to exploit the fragilities of this system.

Web 3.0 will usher the new period where users control access to their data, make secure payments online, and sign in to any Web 3.0 platform without entering their credentials on every new portal. It simply means more data security and convenience at no extra cost for the user.

For companies and businesses, Web 3.0 offers fresh opportunities to compete in open, transparent markets without the monopolies of Web 2.0. It will also encourage more bottom-up innovation, as is typical of the current blockchain ecosystem, making it more straightforward for anyone to present solutions to persistent problems from Web 2.0 or new ones that Web 3.0 presents.

It is a win-win situation for everyone. At least, for everyone that supports data security, safety on the internet, and economic development.

How does Forward Protocol fit in Web 3.0?

Forward Protocol provides the toolkits to make blockchain adoption easier and more straightforward. This package includes Web 3.0 technology, decentralized applications and digital asset management through a suite of products from Forward Factory.

Core smart contracts

Forward Protocol’s five core smart contracts cover virtually every value exchange scenario in a decentralized ecosystem. Deploying platforms can also customize these smart contracts according to the use cases. E-commerce sites, freelancing platforms, crowdfunding websites, social networks, game developers, etc. All it takes is a few tweaks on a user-friendly interface to deploy these smart contracts.

Web 3.0 functions successfully implemented — zero technical knowledge required.

Forward ID

Forward ID solves the identity and reputation problem throughout Web 3.0. A single identity that can also be used to log in to services and websites, send and receive money, share, buy and sell NFTs, among many other things. This identification system is unique to any others present in any blockchain system. It replaces confusing long-form addresses with simple and easily memorized addresses that represent you throughout the blockchain and any Web 3.0 platform.

Forward Pay

Forward Pay is the payment portal of Forward Protocol and Web 3.0. It connects different wallets to a single address through Forward ID to facilitate easy payments and value transfer. Forward Pay also improves the usability and adoption potential for blockchain users by incorporating a fiat ramp to allow easy withdrawals and deposits through conventional methods such as bank transactions and credit cards.

Finally, for all the potential Web 3.0 offers, it quickly becomes less interesting when you send payments to the wrong address. Forward Pay reduces this risk through Forward ID, a single address that covers every wallet address that Forward Pay supports.

Conclusion

Considering recent evidence, it quickly becomes apparent that the current version of the internet is due for an upgrade. While it worked for a long time, it has already outgrown its usefulness. If you think Web 2.0 took some getting used to, Web 3.0 and its facilitator — blockchain technology — will take even more time, financial commitment, and technical knowledge.

Cue Forward Protocol. Forward Protocol provides the framework for end users, businesses, investors, blockchains, and every other participant on the new internet to participate in the new decentralized internet. Forward Protocol provides the ultimate solution to Web 3.0 adoption issues as well as the launchpad for future solutions.

In essence, Web 3.0 will be no more complicated than Web 2.0, just with all the best parts of blockchain technology integrated, and we have Forward Protocol to thank for that.

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About Forward Protocol — Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their blockchain applications without technical knowledge. Forward Protocol has elements of NFT, DeFi, Gamification, AI, ML and Social Tokens inbuilt that connect the value-driven economy. Applications and smart contracts from Forward Protocol can be deployed on any EVM compatible chains in one click. Forward Protocol is cross-chain compatible, industry-agnostic, and adoption-focused, with an ultimate goal to fast-track mass adoption of Blockchain Technology.

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