Web 3.0 To Reinvent Timeworn Industry Practices, Say Experts

Web blockchain is not new but its wide adoption among enterprises is amassing its popularity. Abhay Tandon, Digital Innovation Officer, TVS Motors emphasised that the web blockchain enabled people to get incentivised to participate in advanced technological practices.

Mayank Bhargava, Chief Information and Digital Officer, Fortis Healthcare explained that in the field of healthcare, web 3.0 is at a lower radiant, having very few opportunities that are much more pragmatic.

Bhargava underlined it is significant to secure patient's personal medical data and the web blockchain can be implemented successfully to secure the information with proper access to relevant parties and the patient themselves.

On similar lines, Tandon stressed that technology can be used to overcome the B2B challenges that commonly occur in the business ecosystem. He said though today blockchain 3.0 have some application glitches but as the technology will mature over the years the problem is likely to get solved.

Commenting on the LoRaWAN (Wide Area Network) Kush Mishra, Chief Product Officer – Devices & CTO, Noise said that it is a network that people can set on their own.

He said LoRaWAN defines a Low Power, Wide Area (LPWA) networking protocol that is designed to wirelessly connect battery-operated devices to the Internet in regional, national, or global networks. It targets key Internet of Things (IoT), provides long-lasting battery and also boosts the network range in remote places, Mishra added.

Furthermore, Bhargava concluded the session by urging the health ministry to drive facilities to utilise blockchain technologies not just among the major healthcare providers but also benefitting the grassroots level.