The Future of the Decentralized Internet in Asia, Africa, and South America. Part 3
In the first and second parts of the article we’ve already discussed the digital economy and Internetization expansion. It’s time to reveal the features and specific advantages of the DWeb.
The DWeb isn’t a “cure-all.” But it will help us solve a lot of problems
The “fourth industrial revolution” has affected virtually every corner of the globe. But many residents of Africa are still concerned with one vital question: “Will we ever catch up to the wealthiest countries in Europe and the Americas?” There has been no answer while industrial and geopolitical restrictions have remained prominent. But today the door to development has been flung open thanks to access to the amazing potential of the internet and decentralization.
In the meantime, Asian countries such as Japan, Taiwan, South Korea, and China are already a step ahead.
They’ve soaked up many of the world’s latest technologies like a sponge. They haven’t just focused on tech — they’ve efficiently “customized” it, implementing and creating technology-based economies of massive proportions.
Now it’s Africa and Latin America’s turn to expand the boundaries of their economic development. A full-scale reevaluation of the leaders of the technology industry is coming. This has been proven by the latest analytical reports.
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Distribution of the Internet and Online Services in Africa Just the facts:
- Africa (Nigeria) Back in 2012 Akinwumi Adesina, president of the African Development Bank, first introduced Web wallets to a real economic sector in order to simplify the subsidizing of the agricultural industry. In 2019 over 15 million farmers are participating in this advanced technology. This is one of the most important factors in the birth and impressive growth of decentralized systems in Africa.
- In 2019 hundreds of high-quality online medical applications are already functioning in Africa. These include Find-A-Med, Kids First Aid, Hello Doctor, MomConnect, and more. Innovative decentralized apps are developing at just such a furious pace. For example, the French start-up Blockpharma intends to use decentralization to eliminate counterfeit medications not just in Asia, Africa, and South America, but in other regions as well. This is an entirely attainable goal given the potential future integration of dApps and the decentralized internet.
- A recent World Bank study has shown that, thanks to the introduction of the internet, African companies have started operating four times more efficiently. And the DWeb is entirely capable of bringing unlimited growth potential due to independence and the maximal security of services.
- Hundreds of companies such as Flutterwave, Paystack, GTPay, Interswitch, Webpay, eTtranzact, VoguePay, and many others are building online networks with electronic payment systems in Africa at an incredible rate (in Nigeria, for example).
This is only a small sample of the real examples of how virtualization and the internet are taking over Africa, to say nothing of Asia and South America.
What kind of potential will this create, especially with the appearance of the DWeb?
In addition to reducing the expenses of the economy as a whole, it will also make it possible to create e-commerce companies and send and receive payments online. It will also give users access to thousands of other useful virtual options. And the lives of ordinary people will become safer and more comfortable.
Developers have been striving to create a DWeb that will ensure the full, unlimited independence of the internet for years now. And blockchain technology has finally made it possible. The development of the decentralized internet has entered the idea-implementation phase. However, there is a problem standing in the way that just as pressing. How can we connect the thousands of decentralized services that already exist to one another when the bulk of them are totally incapable of interaction?
Simply decentralizing the internet won’t solve anything without synergy among blockchains. We need a tool that will:
- Allow us to work with several blockchain platforms at once within the framework of a “single window.”
Make it possible to comfortably perform cross-chain transactions.
It also has to ensure the transparency and security of operations. And it needs to provide a number of other useful options, including executing smart contracts, storing distributed data, and even creating any dApp.
Several solutions like this have already appeared. However, they are designed primarily for experienced blockchain specialists, crypto traders, and other experts.
But there’s also a completely different kind of decentralized network. The cross-chain system, like the EVEN Network, will be accessible to any user regardless of their level of technical training. It will allow them to utilize the advantages of other blockchains while ensuring their uniformity and stable interaction.
Conclusion: The DWeb of the Future
Thanks to the P2P distribution of data, blockchains and other systems are creating a truly decentralized internet. The solutions provided by the centralized giants will soon be replaced by the true equal rights of users.
At the same time, the crosschain integrated DWeb will be based on the principle of openness and accessibility and makes it possible to implement the best developments on the crypto market.
This will assist in the full realization of the economic and social potential of Asia, Africa, Latin America, and many other regions. True internet freedom is already beginning to grow!
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