Dshop - A decentralized, permissionless and native payments web 3.0 DAPP

Abstract

The emergence of Web 3.0 marks a significant change in our online activities. Web 3.0 is the label for the upcoming phase of the internet, constructed on top of blockchain technology, decentralized networks, and advanced data analysis. This fresh era of the internet offers the potential for increased transparency, security, and reliability for users. The possibilities of Web 3.0 are vast since it allows for the development of decentralized applications (dApps) that aren't governed by any single entity or centralized authority. These dApps can offer users more power over their personal data, remove the necessity for intermediaries, and foster novel opportunities for cooperation and progress. However, there are several challenges to the adoption of Web 3.0, despite its potential. The decentralized nature of Web 3.0 raises concerns about governance, regulation, and scalability. Additionally, developing Web 3.0 requires expertise and skills that may not be readily available. The objective of this thesis is to examine the potential, challenges, and opportunities of Web 3.0 for individuals, businesses, and society as a whole. By comprehensively analyzing the current state of Web 3.0 technology and its implications, this thesis aims to offer insights into how we can address the challenges and leverage the potential of this promising new era of the internet.