How is Web3 interesting and useful for John and Jane and Jamie Doe?

Web3 can be relevant for John and Jane and Jamie Doe in several ways, but its usefulness depends on their—your?—needs and willingness to adopt new technology. Here’s how it can be interesting and practical for them:

Decentralization and ownership—control over their digital identity

• Problem today: When John and Jane and Jamie use social media, email, or cloud services, big tech companies control their data and can monetize it without direct user consent.
• Web3 benefit: With decentralized identities (DIDs) and blockchain-based platforms, they can own and control their personal data, reducing reliance on corporations that might misuse or sell their information.

Financial inclusion and freedom—access to global digital assets

• Problem today: If Jane wants to send money abroad, she might face high fees, slow processing, or restrictions from banks. Similarly, John might want to invest in assets but be limited by location or intermediaries.
• Web3 benefit: Cryptocurrencies and decentralized finance (DeFi) allow fast, low-cost global transactions without intermediaries. Jane could send money directly to a friend overseas, and John could invest in tokenized assets without needing a traditional brokerage.

Trust and transparency—secure and verifiable transactions

• Problem today: Online transactions, contracts, or digital agreements often require trusting third parties, which can lead to fraud, hidden fees, or disputes.
• Web3 benefit: Smart contracts can automate agreements (e.g., buying/selling goods, hiring freelancers) without needing a middleman. This increases transparency and reduces fraud.

Is Web3 actually useful for them?

• If they’re tech-savvy and open to new tools, Web3 can offer direct financial benefits and more control over their data.
• If they just want convenience, traditional platforms may still be easier to use for now. Web3 technology is still evolving, and usability remains a barrier.

So, while Web3 holds great promise, its relevance for John and Jane and Jamie Doe depends on their needs, tech comfort level, and how the ecosystem matures over time.