Roundtable.io hosted an online dialog between a group of Web3 CEOs to discuss where the internet is heading, the proper strategies to take, and how their businesses are helping lead this charge to a better future.
One of the main moral pillars of Web3 is decentralization, meaning that by having many individuals come together each providing input and effort, it will result in a much more fair and mutually beneficial society for all that take part. Decentralization is the opposition to what we have seen in most business and financial sectors, where there are a few large centralized entities that hold the power and control of its users. This can be seen in banks, big tech, and large social media sites like Facebook.
Web3 however is taking a different approach by focusing on decentralizing from the ground up. This form of decentralization can be found through open-source code, open governance systems, and allowing personal data to be held and controlled by the individual user rather than the company.
During the roundtable discussion, the host brought up the idea that due to the current political climate, many CEOs today will have their own morals questioned and be forced to see their businesses leaning towards certain political ideologies. This is where Jordan Edelson, TradeZing CEO provided some pushback by saying the following:
“I never go into a project thinking that it is going to lean [politically] one way or the other, I just try to build it because I am passionate about it.
…as a developer and even how I market products, I don’t think of the political implications, I just build it because I think it is solving a problem and is going to have a positive impact on the world.”Jordan Edelson, TradeZing CEO
With the rise of decentralization challenging the old centralized framework of business, there will be many different types of strategies and governance systems tested out, and ultimately we will have to wait for the market to decide which of these systems work best for mass adoption.