Web 3.0 is the Blockchain-based Version of the World Wide Web, which arose with the rise of cryptocurrencies and the idea of a Decentralized platform for Applications. It is expected to overcome the limitations of Web 2.0, i.e., the version of the World Wide Web that is mainly used at present, which is mainly in terms of Internet Privacy and Data Security.
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Almost all the sectors and industries of our economy have confronted the need to adapt to Digitalization amidst the pandemic. Banking is one of the highly affected sectors that went through digital transformation.
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