“The Web as I envisaged it, we have not seen it yet.”
— Tim Berners-Lee, Inventor of the World Wide Web
In the ever-evolving landscape of technology, the advent of Web3 signals a new era of decentralisation and digital empowerment. Often described as the decentralised internet, Web3 embodies a paradigm shift from traditional centralised platforms to a peer-to-peer, community-driven ecosystem. Powered by blockchain technology, it promises increased transparency, security and user control. As we navigate the complexities of this nascent terrain, it becomes evident that the journey of Web3 has only just begun. Of course, every technological innovation has its naysayers and the market volatility and regulatory hurdles witnessed in trading cryptocurrencies has already led to some scepticism.
Yet, Web3’s enduring promise lies in its capacity to transcend these obstacles. Its decentralised nature inspires innovation, encouraging the creation of trustless applications, decentralised finance and novel use cases across diverse industries. The Web3 movement has captivated the imagination of countless developers, entrepreneurs and enthusiasts in India. Communities are forming, collaborating and co-creating, driven by a shared vision of a more equitable and decentralised future. These early initiatives inspired BW Businessworld’s Web 3.0 Summit & Awards.
The inaugural event in July applauded the most innovative Web3 projects and initiatives and brought together thought leaders and potential investors in this domain. Web 3 technology is already in use in crucial verticals like cost-cutting, data security, and transparency and its potentials seem immense. Read about these pioneers who are fostering a culture of collaboration and cooperation within the Web 3 space.
BW Legal World focuses on the stately domain of the legal profession, where education is witnessing a churning, as it weaves in innovative co-curricular techniques to ensure that students are in step with the new and emerging demands of the profession. The mushrooming law schools across the country are not just focusing on conventional teaching methods and domain expertise. They are also introducing activities like moot court competitions, legal aid clinics, legal workshops and seminars that build up the problem solving capacities of law students.
BW Legal World evaluates law schools through a rigorous process for the benefit of students and aspiring lawyers. It also recognises luminaries who are overseeing the immense transformation that law schools are undergoing. In this issue, we bring you a snapshot from our community magazine and give you a glimpse of the people who make a difference in this very important domain. Of course, we also bring to you all our regular columns and features.
Happy reading!