Tender now open: Web3.0 Study 💻📡

Web 3.0. A speculative design process to explore: what’s the potential for a “decentralised web” to address global challenges?

The World Wide Web was originally conceived as an open protocol, decentralised system with value shared amongst users. Since then, Web 2.0 has taken root, with a centralised system enabling economies of scale and commercialisation of tech assets, but restricting value creation and power into the hands of the few.

Now, the tech community is discussing, exploring, and building “Web3.0” — a shift back to a decentralised, community-governed internet. We believe a decentralised web has the potential to open up opportunities on themes such as finance, governance, identity, and power, with its advocates projecting that it could turn traditional models on their heads.

However, Web3.0 is an emergent concept, which remains hard to define and at times esoteric and moving so fast, it seems to change overnight. As such, traditional methods of “studying” won’t help us understand the potential of Web3.0 technologies for the global challenges we face.

The Frontier Technologies Hub is interested in engaging a research, design or creative partner to run a speculative design process to identify a series of use cases which hold high potential to address global challenges. The audience for this work would be FCDO internally, plus the audience for the FT Hub which is anyone interested in the positive impact potential of frontier technologies. We’ll look to cover elements of web3.0 including:

• Distributed finance (DeFi)
• Distributed Autonomous Organisations (DAO)
• Non-fungible Tokens (NFT)
• Cryptocurrencies
• Market making

The Invitation to Tender is available at the following LINK.

Those interested in applying should note that the deadline for submissions is 23:59 UK time on 15th February 2022. Questions and clarifications can be submitted by email to ftlenquiries@imcworldwide.com

Happy writing! 📝