An Introduction to Web3 with Implications for Financial Services

Christine Parlour

Policy Hub, 2023, vol. 2023, issue 3

Abstract: Web3 is used to describe the next iteration of the internet in which decentralized services are automated on blockchains. This paper describes the elements of Web3 including blockchains and tokens. It describes the largest decentralized finance protocols and some specific services where blockchain and tokens can be used. The paper concludes with a brief discussion of some regulatory challenges.

Keywords: Web3; tokenization; blockchain; cryptocurrency; financial services; efficiency; innovation (search for similar items in EconPapers)
JEL-codes: D23 D26 F24 G10 G11 G15 G19 G23 G28 L14 L86 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:fip:a00068:96729

DOI: 10.29338/ph2023-3

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