As we accelerate towards a future dominated by Web 3.0 and the Metaverse, India stands on the cusp of a significant technological revolution. The Metaverse, the next evolution of the internet and a collective virtual shared space, alongside Web 3.0’s promise of a semantically enriched and interconnected web, brings unprecedented opportunities for India to foster its aspirations for growth.
While India already has a global presence in IT services, Web 3.0 presents a unique opportunity to become a thought leader in semantic computing and decentralised applications (dApps). These applications, hosted on blockchain networks, offer transparency, security, and the potential for Indian developers to lead in a space that’s gaining global traction. The nation’s vibrant start-up culture is already taking notice, with entrepreneurs turning to dApps and smart contracts, bringing with them a wave of innovative solutions across multiple sectors like finance, healthcare, and logistics. Moreover, the Indian Government’s push for a digital economy has led to widespread adoption of digital payments and blockchain technologies, paving the way for Web 3.0 applications. With the successful implementation of the India Stack—a set of APIs that allows governments, businesses, startups, and developers to utilise an inclusive digital infrastructure—India has already demonstrated its ability to create innovative, digital public goods. Source: Express Computer
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