Blockchain and web3 advisory services have become increasingly popular as businesses and organizations seek to integrate blockchain technology into their operations. Blockchain is a decentralized and secure way of recording and transferring data, while web3 refers to the next generation of the internet, which is more decentralized and user-centric.
According to a report by Grand View Research, the global blockchain technology market size is expected to reach $57.6 billion by 2025, growing at a compound annual growth rate of 69.4%. This growth is fueled by the increasing demand for secure and transparent digital transactions across various industries, including finance, healthcare, and supply chain management.
Web3, on the other hand, is still a nascent technology, but it is gaining momentum as more companies explore its potential to create a more open and decentralized internet. According to a report by Outlier Ventures, the web3 ecosystem grew by 72% in 2020, reaching a total market cap of $460 billion. This growth was driven by the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), which are both built on blockchain technology.
Given the complex and rapidly evolving nature of blockchain and web3, many businesses and organizations are turning to advisory services to help them navigate this new terrain. Blockchain and web3 advisory services typically offer a range of services, including technical consulting, strategic planning, and implementation support.
One of the key benefits of working with a blockchain and web3 advisor is that they can help organizations identify and evaluate the most promising use cases for blockchain technology. For example, a healthcare provider may want to explore how blockchain can be used to securely store and share patient data, while a logistics company may want to use blockchain to improve supply chain transparency and traceability.
In addition, a blockchain and web3 advisor can help organizations design and implement a blockchain-based solution that is tailored to their specific needs. This may involve choosing the right blockchain platform, designing smart contracts, and ensuring compliance with regulatory requirements.
Overall, as blockchain and web3 continue to grow in popularity and adoption, businesses and organizations will increasingly turn to advisory services like Jacob Berman at Rising Tide to help them navigate this new terrain and unlock the full potential of these technologies.
For more information on Jacob follow him on his social media channels to stay up to date.
LinkedIn: @jacobaustinberman
Instagram: @dapperdaze