Glossary · Web3

What is Web3?

Web3 is a model of online services built on public blockchains, where users hold assets and identity in their own crypto wallets instead of accounts run by one company. Smart contracts replace parts of the back end, and tokens represent rights, access or records.

Why it matters

For a company, Web3 is a set of tools, not a strategy: a shared ledger, smart contracts for shared rules, sign-in with a wallet. It fits when several parties need a shared record that no single one controls. If one company runs everything anyway, a normal database is simpler and cheaper.

1Web2 vs Web3In Web2 the platform holds your account and data; in Web3 keys, tokens and signatures sit in the user’s wallet.
2Building blocksBlockchains, smart contracts, wallets, tokens and decentralised apps (dApps) that combine them with a normal web front end.
3Rules in KazakhstanThe Law on Digital Assets in the Republic of Kazakhstan restricts issuing and circulating digital assets: for example, exchange is run by National Bank licensees or AIFC participants.
ExampleSeveral carriers and shippers keep a shared log of cargo handovers. Each entry is signed with the participant’s own key and written to a private blockchain run by the participants themselves, so nobody can quietly rewrite the history. Users sign in to the app as usual, with the wallet hidden inside.
On this topic

What we do

Related terms

Need to put this in place?

Describe the task, we will name the scope, price and timeline. The price is fixed in the contract.

Your selectionWeb3 and blockchain developmentprice after the brief
The team gets your request; we reply during business hours.Price fixed in the contract before you pay.No calls unless you ask.
Request a quote
Project budget
Your request goes to the team. We reply by email, no cold calls.

Got a task? Write to us.

Describe your project on WhatsApp or by email. We reply during working hours and name the price after the brief.