Many businesses are looking to drive new revenue streams by extending their existing business into a digital platform and offering subscription and consumption-based services. But moving from providing physical goods to digital services is a complex transformation that can contain unexpected hurdles and failures.

Web3 may offer a solution to many of these issues while completely removing the need to manage large swaths of complexity. Web3 runs on blockchain networks, a decentralized technology that enables efficient and secure methods for companies to distribute their digital goods.

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https://www.eweek.com/cloud/web3-and-smart-contracts-enable-a-scalable-api-economy/