The practicality of Web3: Usability, security, and democratization

Newconomics 2023 is set to explore the intersection of technology and economics in the modern digital world as the conference opens its doors to the public for the first time on Nov. 14 and Nov. 15 in Lisbon.

The event will dissect decentralized finance, NFTs, and user experiences, focusing on pragmatism. Newconomics will also explore ethical considerations tied to web3’s swift evolution, addressing data privacy and inclusivity concerns.

Diverse finance, technology, and ethics experts are set to converge at the two-day conference to provide comprehensive and nuanced perspectives on how web3 technologies are changing the world in real time.

Newconomics promises to be a curated journey into the practical, experiential, and ethical dimensions of Web3, promising a transformative exploration of this groundbreaking technology.

Making Blockchain Accessible

Stephen Allen, Core Contributor at the CryptoOracle Collective, is set to share his insights on the complex nature of blockchain and crypto. Recognized for his adeptness in simplifying the intricacies of blockchain and crypto, Allen brings a measured and impartial perspective to the web3 landscape.

According to Allen:

“Blockchain technologies are great, but we really need to work on them if we are to make them as accessible as possible…”

The demand for precise and intuitive user interfaces has become paramount in the ever-expanding world of decentralized systems. As blockchain and DeFi regain traction, bridging the gap between complexity and accessibility becomes crucial.

Allen is set to delve into the critical need for enhanced user experiences and the vast potential within decentralized finance (DeFi) at Newconomics 2023. He will also explore how blockchain-enabled transparency could reshape various industries.

The Ethical Frontier: White Hats vs. Black Hats

Newconomomics is also hosting Hacken co-founder and CEO Dyma Budorin for a presentation to explore the intricate dynamics of ethical hacking in the web3 ecosystem.

The keynote, titled “White Hats vs Black Hats,” will delve into the ongoing battle between security professionals (White Hats) and malicious hackers (Black Hats).

Budorin aims to provide a neutral and comprehensive understanding of the cybersecurity landscape, with web3 gaining more and more traction each week. The presentation will offer insights into the evolving strategies employed by ethical hackers and their adversarial counterparts — focusing on security, privacy, and ethical considerations.

In the dynamic world of web3, the growth of decentralized systems hinges on the fundamental principles of security, privacy, and ethical considerations. As the digital landscape evolves, these core tenets form the bedrock, ensuring resilient systems, user-centric privacy, and responsible innovation.

AI in Advertising: Reality vs. Hype

Roy Taylor is slated to present a keynote address at the upcoming Newconomics event, delving into the theme of “The Convergence of Brands and Advertising.”

Taylor is the founder and CEO of Ryff, a leading virtual product placement company utilizing AI. His talk will dissect the transformative role of AI in contemporary advertising. The keynote will scrutinize the genuine advancements facilitated by AI, differentiating them from industry buzzwords.

Drawing from his experience at the helm of Ryff, Taylor will elucidate how AI reshapes advertising, particularly in areas such as personalization, programmatic processes, and strategic planning.

Beyond technological shifts, the presentation will explore the ethical dimensions of AI-driven advertising. Key focus areas include data privacy, consumer rights, and the potential for manipulative practices.

Taylor’s insights promise to provide a comprehensive understanding of the intersection between brands and advertising in the context of AI, offering guidance for industry stakeholders seeking to leverage AI’s potential while maintaining ethical standards.

The Global Concern: Inequity of Wealth

The invention of Bitcoin brought with it the potential to finally address one of humanity’s most protracted and most pressing issues — wealth inequity. Michael Healy, the Co-Founder and CEO of Unit Ventures, is set to deliver a keynote address that delves into the profound impact of crypto on creating meaningful jobs and mitigating economic disparities.

Recognized for his focus on social impact and positive change, Healy has a rich background as a self-taught full-stack web developer and mobile engineer.

As the driving force behind successful ventures such as Chatride and Ratemash, Healy has consistently demonstrated a commitment to entrepreneurship, education, and empowering individuals.

In this keynote, Healy will draw on his extensive experience and expertise to shed light on the potential of cryptocurrency to connect providers and customers, allowing businesses and individuals to issue tokens for specific purposes.

The address is poised to explore how crypto can catalyze social impact, reflecting Healy’s vision of providing tools, opportunities, and knowledge to young entrepreneurs.

Conclusion

The immense potential of web3 offers nuanced challenges and ethical considerations shaping the decentralized landscape. As we traverse this transformative era, its multifaceted nature demands a delicate balance between innovation and responsibility.

While the potential for decentralized systems to redefine industries is unprecedented — the challenges of security, privacy, and ethical dilemmas underscore the need for proactive solutions. Platforms like Newconomics 2023 stand at the forefront, providing a crucial space for leaders, innovators, and thinkers to address these issues collaboratively.

The industry and community must remain vigilant, proactive, and committed to building a decentralized future that resonates with the principles of transparency, inclusivity, and responsible innovation.

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