An Introduction to Web3 with Implications for Financial Services
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.
File(s): File format is application/pdf https://www.atlantafed.org/-/media/documents/research/publications/policy-hub/2023/05/15/03--introduction-to-web3-with-implilcations-for-financial-services.pdf
Provider: Federal Reserve Bank of Atlanta
Part of Series: Policy Hub
Publication Date: 2023-05-15
Order Number: 2023-03