When Digital Economy Meets Web3.0: Applications and Challenges

TL;DR

This paper explores how Web3.0 technologies can address security and privacy challenges in the digital economy by examining recent advances in machine learning, finance, and data management.

Contribution

It provides a comprehensive analysis of integrating Web3.0 with the digital economy to solve key security and privacy issues, highlighting recent technological advances.

Findings

Web3.0 offers solutions to privacy leakage in digital economy

Integration of Web3.0 enhances security and decentralization

Recent advances in machine learning and finance support Web3.0 applications

Abstract

With the continuous development of web technology, Web3.0 has attracted a considerable amount of attention due to its unique decentralized characteristics. The digital economy is an important driver of high-quality economic development and is currently in a rapid development stage. In the digital economy scenario, the centralized nature of the Internet and other characteristics usually bring about security issues such as infringement and privacy leakage. Therefore, it is necessary to investigate how to use Web3.0 technologies to solve the pain points encountered in the development of the digital economy by fully exploring the critical technologies of digital economy and Web3.0. In this paper, we discuss the aspects of Web3.0 that should be integrated with the digital economy to better find the entry point to solve the problems by examining the latest advances of Web3.0 in machine learning, finance, and data management. We hope this research will inspire those who are involved in both academia and industry, and finally help to build a favourable ecology for the digital economy.