Cebu recently hosted a landmark event that brought together potential opinion leaders, business owners, and gamers in a lively debate with the title “Web3: The New Internet – A Debate on Web3 Adoption in the Philippines.” This was a key step toward embracing the internet’s future. This educational effort, organized by Bitskwela, aims to raise knowledge of Web3 and encourage creativity in the digital sphere. The event aims to put the Philippines at the forefront of the digital revolution by promoting diversity and forward-thinking, with strong backing from the Department of Information and Communications Technology (DICT).

The Development of Web3 and its Potential Effects

The “New Internet,” often known as Web3, is the development of the existing Web2 Internet infrastructure. Web3 significantly improves user engagement and connection compared to Web2, which already made substantial strides in these areas. Web3 is based on decentralized blockchain technology and provides users with improved security, transparency, and data ownership.

Web3 is poised to transform a number of industries, including finance, supply chain management, gaming, and education, thanks to the rising popularity of blockchain-powered cryptocurrencies and decentralized apps (dApps). Web3 permits users to engage in transactions and interactions without the need for middlemen by merging blockchain’s immutable ledger and smart contract capabilities, resulting in a trustless and peer-to-peer ecosystem.

The Cebu Web3 Debate

The “Web3: The New Internet” debate, which was hosted by Bitskwela, provided a forum for bringing attention to Web3’s potential for change in the Philippines. Participants engaged in lively debates and shared their knowledge on the advantages and disadvantages of the country’s adoption of Web 3.

Director Emy Delfin of the DICT has shown her dedication to creating a Web3-friendly environment that fosters innovation while defending Filipino interests. Director Delfin noted that the country has a rare potential to take the lead in digital innovation and inclusivity as a result of this move toward Web 3. The DICT vowed to assist efforts to make sure that every citizen benefits from, and is included in, the digital transition.

Empowerment and Inclusivity in Web3 Education

Bitskwela’s initiatives to inform and involve people from various backgrounds are in line with the goal of building an inclusive digital environment. Bitskwela educates people about the possible effects of blockchain technology and cryptocurrencies on a range of businesses by arranging events like the Web3 debate.

Potential opinion leaders, business owners, and gamers who took part in the debate learned important lessons about how they might influence the direction of Web3 in the Philippines. A nation’s ability to encourage innovative businesses, blockchain developers, and makers of decentralized applications depends on its population being well-informed.

The Philippines’ Future Course

The public, corporate sector, and other important stakeholders must cooperate as the Philippines enters the Web3 era in order to realize the full potential of this technological revolution. The nation can improve transparency, security, and efficiency in a number of areas by utilizing the benefits of blockchain technology, which will ultimately spur economic growth and development.

The country’s willingness to embrace the digital revolution is evident in Bitskwela’s initiative to promote Web3 education through a spirited debate in Cebu. The Philippines is ready to take the lead in digital innovation and inclusivity on the international stage thanks to the backing and dedication of the Department of Information and Communications Technology (DICT). The country can take advantage of the enormous potential afforded by blockchain technology and pave the path for a brighter and more equitable digital future by fostering a Web3 environment that empowers citizens and protects their interests.