Web 3.0 Explained: Business Cases, Security, and Future Prospects | CISO Tradecraft In this episode of CISO Tradecraft, host G Mark Hardy welcomes special guest Aaron Markell to discuss the intricacies of Web 3.0. They explore the evolution from Web 1.0 and Web 2.0 to the decentralized structure of Web 3.0, describing its application in various industries like finance, healthcare, and supply chain. The conversation dives into blockchain technology, the role of tokens, smart contracts, and consensus mechanisms like proof of work and proof of stake. They also touch on potential future developments involving AI in Web 3.0, offering valuable insights for business leaders and cybersecurity professionals looking to understand and leverage this emerging technology.
Chapters
- 00:00 Introduction to Web 3.0
- 00:31 Meet the Expert: Aaron Markell
- 01:39 Aaron's Journey into Web 3.0
- 03:51 Understanding Web 1.0, 2.0, and 3.0
- 04:36 Decentralization and Blockchain Basics
- 05:51 The SETI Project and Distributed Workloads
- 08:09 Proof of Work and Blockchain Security
- 17:22 Smart Contracts Explained
- 20:10 Proof of Stake vs. Proof of Work
- 23:51 The Role of Tokens in Web 3.0
- 24:22 Understanding Microtransactions and Ownership
- 25:05 What is an NFT?
- 26:40 The Rise and Fall of NFTs
- 28:36 Web 3.0 and Its Impact on Industries
- 30:10 Blockchain in Finance and Commerce
- 30:55 Private Blockchains and Government Transparency
- 34:09 Blockchain in Legal and Healthcare Sectors
- 36:59 Supply Chain Transformation with Web 3.0
- 39:59 The Future of Web 3.0 and AI Integration
- 41:03 Final Thoughts and Security Tips
