With Web 3.0 we’ll be able to trade value, information & work with global counterparties they don’t know or yet explicitly trust, without an intermediary. The most important evolution enabled by Web 3.0 is the minimisation of the trust required for coordination on a global scale. This marks a move towards trusting all constituents of a network implicitly rather than needing to trust each individual explicitly and/or seeking to achieve trust extrinsically.

Web 3.0 will fundamentally expand the scale & scope of both human and machine interactions far beyond what we can imagine today. These interactions, ranging from seamless payments to richer information flows, to trusted data transfers, will become possible with a vastly increased range of potential counterparties. Web 3.0 will enable us to interact with any individual or machine in the world, without having to pass through fee-charging middlemen. This shift will enable a whole new wave of previously unimaginable businesses and business models: from global co-operatives to decentralised autonomous organisations and self-sovereign data marketplaces.