“It is not the technology that should be banned, but the use that can be made of it”

Again yesterday at a friendly event, presenting Wagli, my neighbor to the right laughed. Laughing in embarrassment, incomprehension or doubt, it doesn’t matter: It all started when I said the word “Web3”.

“It all started when I said the word ‘Web3′”

Web3 fascinates… as much as it repels.

The fabulous growth of NFTs (these small digital images), blockchain technologies or metaverses fascinates as much as it repels.

However, the current context has every reason to generate interest. Despite the prevailing crisis, the market has never been so interesting, fundraising on Web3 is phenomenal all over the world and also in France ($110 million raised by Animoca Brands in September 2022, whose main investor is none other than a Singapore government fund – Temasek, Bernard Arnault ready to launch a 100 million euros in Web3 with Aglaé Ventures, etc.). And still.

“Web3 gets bad press”

A former employee of a company with a mission, passionate about education, my friends and former colleagues (almost) all reacted the same way when I announced the launch of my Web3 training activity. Wagli “Ah, I didn’t imagine you were working in there“, “Great, but surprising as a new turning point, right? “. All these euphemisms hid a certain disapproval of the sector.

So why such a push effect?

I asked myself this question for a long time and settled on five points. First: maybe it all started at the beginning of Bitcoin, when in the 2010s its abuse was used to buy weapons and drugs on the Silk Road site. These technologies are then certainly tainted by fraudulent uses and dubious representations.

This demonization may also have built up over time, through media coverage of spectacular speculative phenomena: the sale of a Bored monkey (Depressed Monkey NFT) with over $3.1 million, the destruction of one original painting by Frida Khalo with the award of creating a NFT, or the collapse of the Terra blockchain in less than 96 hours. The list is long.

So why waste time on these Web3 technologies while our Earth is burning? Global warming, the war in Ukraine, purchasing power: what good are these new technologies that seem so useless and superficial?

Or is it a subject of semantics: web3, blockchain, NFT, metaverse, DAO. Acronyms that refer to nothing but the tech world. Where is the poetry, the truth, the everyday in all this? How to connect with something useful when everything is unknown?

“How to connect with something useful when everything is unknown? »

Finally, the web3 universe, very masculine and seemingly very speculative, seems to leave little room for women who are still struggling to make it in this very technophile universe.

Web3: technologies of the possible

If we ignore all these bling-bling announcements and useless uses, blockchain technologies are fascinating for the possibilities they offer. Bitcoin was originally created with the aim of freeing itself from all intermediaries and in particular to give as many people as possible access to its services. Concerns about decentralization and transparency are at the heart of its operation.

“It is not the technology that should be banned, but the use that can be made of it”

These technologies are only tools: it is not the technology that should be banned, but the use that can be made of it. It is up to us to find the right use. So the power is in our hands, as shown by several services that allow: the inclusion of the unbanked (those who do not have access to traditional banking services, but 2/3 of whom still have a smartphone), access in training through learning. to acquire models, reforestation projects (Carbonizer, Regen Where My beautiful planet in game format), traceability of food products for more ethical products and a more transparent origin, but also waste. Or even better remuneration for artists and luxury goods authentication are also possible.

On the women’s side, an extraordinary ecosystem is being created: Women’s World, head , Women on the Web3 (in the US), miner, hackers (in France) and so on. An incredible opportunity.

Thus, let us hope that the democratization of fairer, more ethical uses in line with our current needs will make it possible to restore the image of these technologies that offer strong potential.

Meanwhile, nothing is lost. Before we act, let’s take time to understand and question. Let us awaken our critical spirit to understand their influences, their possibilities and their limits of course. What problems can these technologies really solve and above all let’s learn to abandon some uses by the wayside.

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