Web3, A Game Changer In The History of Finance.

Greetings Friends, it's another incredible day. I came up with another incredible article regarding the web3 invention. I believe you wouldn't mind going through.

In my last publication, I elucidated the concept of web1 to web3 underscoring the basis that would necessitate its global acceptance.

In this article, I will be expantiating the credibility of the web3 protocol in positively mutating the fiscal environment against what most people had thought of it.

I emphatically discussed the web3 evolution and invention in my article prior to this'.
Its no longer a story that the invention has come to stay with all its magnificent features which ranges from blockchain base, AI incorporated, financial reimbursement, write and read, and finally its modus operandi as a decentralized protocol.

Although all these features fully depends on an individual, corporate bodies or even a country on what exactly they need from this said innovation (Web3)

There is high rate of inflation in many countries for instance which my country Nigeria is indicted, but the monetary and the fiscal umpires cannot give reasons to this but the decentralized nature of the web3 protocol has an intrinsic mechanism that mitigate against both inflation and deflation which goes beyond the analysis of a granded and an erudite economist.

The brain burster invention is sincerely making waves in different world economies and also the financial life of respective individuals who have adopted it.

In economics, there is a concept known as the money market, this is a medium where individuals meet specifically for obtaining short term loans. There is also the concept of capital market, this platform further captures the means of obtaining long term loans. We also have our respective financial intermediaries who are centrally in charge, dealing with issues of money but all these have been demystified by the evolution of Web3. Let's further puruse and also scrutinize its indelible and exquisite contribution to the financial environment.

The Ushering of Decentralized Financing.

We've all been to banks at one point or the order, and we know banks to be a centralized medium of handling financial issues. There are hiccups most times in physical banking which may be as a result of inadequate funds, or technical issues posed in response to human factor mechanics.

The Web3 protocol on its own operates in a decentralized medium through the use of blockchain technology and integrated AI capacity that automate transactions at the speed of light.

The decentralized nature or feature of the Web3 invention negates the activities of different intermediaries like banks and other corporate financial institutions reducing the means and stress of transaction to a personal level.

With the aid of Web3, we no longer need the stress of going to banks to change expired ATMs, automate transactions, cross our cheques or even request bank statements. All we need is a gadget and phone network to perform all these transactions stress freely. This has posed an incredible remark in the history of Finance.

Transparency In Transaction.
This has posed a great threat to many individuals, corporate bodies and different countries. The issue of transparency is exquisitely handled by the integral nature of the blockchain technology in the web3 invention.
Let's use the Hive ecosystem for instance; there is never a transaction in any hive wallet that would ever be erased unless it was screenshotted and erased for an off-chain gimmick and shenanigan but in terms of transparency, web3 has a default and intrinsic feature to posit transparency in every ramification.

Different governments have lost their economy's funds to the hand of fraudulent individuals who intend to serve their country in their called capacity and this came as a result of the prevailing technology which can be pranked and programmed to function according to intended demand.

Contrarily, the invention of Web3 paved the way for transparency of transaction with no party having the right to quibble over the outcome of the invention.

I must note that this invention has the in-built capacity to help respective governments to protect their funds and also putting checks over any transaction that was automated anywhere within their confined jurisdictions.