Nonetheless, the advantages of Web3 applied sciences in easing this transition interval shouldn’t be underestimated. By offering a sturdy system for knowledge verification, a system primarily based on content-addressed knowledge may mitigate potential fines firms could face for non-compliance. For the brand new EU laws, if an organization fails to hold out qc, it might be fined as much as 4% of its whole annual turnover. A 4% lack of whole annual turnover is a major deterrent, making the funding in Web3 applied sciences an economically sound choice.
