In our current tech paradigm, Detwiler said, we think of the cloud as companies like Amazon, Google, Microsoft and Oracle providing data storage, computing power and software-as-a-service. Ethereum founder andbuilt around blockchain where individuals can provide services directly to each other, where no one entity owns or has control of the system, and where the ability to trade items of value exists inherently within the system.
Marcus Estes, founder of cannabis distribution firm Chroma Signet, agrees that Web3 tech is built for business, not consumers."We use public blockchain to help small cannabis companies release limited edition products in specific neighborhoods in Detroit," he explained."We couldn't do that with previous web tech because we are delivering a permissionless solution enforced by blockchain, not people. It's an evolution of open-source business models.