Trust in Web3 is super low… 📉

This is harming the new entrepreneurs who are looking to build solutions that help people in the next 2-10 years.

As we continue to move towards a more decentralized, Web3-based internet, the question of credibility and trust will become increasingly important. In a world where anyone can easily create and distribute information, it can be difficult to determine what is true and what is false.

One key aspect of Web3 that helps with this issue is the use of blockchain technology. With its immutable ledger and decentralized nature, blockchain allows for verifiable and transparent transactions. This can help build trust in various online interactions, from financial transactions to voting systems.

Another aspect of Web3 that promotes credibility and trust is the concept of decentralization. By distributing power across a network rather than having it concentrated in central entities, there is less opportunity for malicious actors to manipulate or control information.

However, it's important to remember that decentralization does not automatically guarantee credibility or trust - just as centralized systems can have issues with misinformation or manipulation, decentralized systems also require careful consideration and oversight. It's up to us as individuals to do our own due diligence in evaluating the sources and accuracy of information we encounter online.

So there are still challenges to be faced, Web3 offers exciting potential for building greater trust and credibility within our digital interactions.

Join us (Web3 Insanity) and our resident panel Francesca M. Witzburg⚖️™️®© Mitch Jackson, Esq. & Caleb Pfohl as we host Peter Boyle for our next LinkedIn Audio to discuss this further!

Peter is the Founder of DecentReviews, he wants to help people who are breaking into or already entrenched in the world of Web3 make smart decisions.

He is working to provide a place where real users can offer feedback and opinions on new and popular Web3 products to:

- Help other new users make more informed decisions.
- Help brands understand what they need to improve and change.
- Ultimately to bring more trust and safety elements to Web3 as a whole to foster better adoption.

He is also building a media team to expose the scams and frauds in the world of Web3 to help stop people from losing their investments unnecessarily.

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Your hosts: Robert Hanna, Mitch Jackson, and Francesca Witzburg.

This episode's "publish" date is the actual time that we aired LIVE on LinkedIn Audio.

Recorded with OBS.