Building Web 3.0: Insights From CTA and STL Partners

Building Web 3.0: Insights From CTA and STL Partners

4 Minutes Read

Enterprises have been facilitating international business transactions for decades, if not longer. But the way business has been conducted has evolved. Phones and fax machines replaced traditional mail, and email and website portals have replaced phones and faxes. The world wide web has gone through iterations that have taken the internet from a static place toward one where social interactions regularly occur. Now, we’re on the precipice of Web 3.0, which will decentralize control and allow for more transparent usage.

Like anything that evolves, it comes with challenges and opportunities. Luis Fiallo, Vice President for China Telecom Americas, recently spoke on a webinar hosted by STL Partners called Enabling Web 3.0: The Role of Distributed Edge Computing. Fiallo and fellow experts discussed the fundamentally different enablers and resources required to fully leverage Web 3.0. Click here to watch the full webinar or keep reading for highlights.

Web 3.0: A Decentralized Internet

The webinar began by laying the groundwork for where the internet began and where it’s going. The decentralization of the internet is one of the more appealing aspects of Web 3.0. Decentralization relies less on large networks and allows more control to be given to individuals. The freedom provided by Web 3.0 comes with increased security challenges, but it also gives enterprises more resilience and transparency across networks.

Communications Service Providers’ Role in Web 3.0

As vice president of a major international communications service provider, Fiallo stepped in to explain how companies like CTA can leverage their services and networks to enable the use of Web 3.0. In order to do this, Fiallo explained that network providers have to change the way they’re providing services and break out of the traditional underlay/overlay model—underlay being traditional telecom services and overlay being physical infrastructure like data centers.

“We have an opportunity to build networks that go all the way up. In order to do that, as a communications service provider, we need to build an ecosystem and work with our software partners, our equipment partners, other communications service providers to be able to provide an ecosystem where everything is linked together, while at the same time providing a service where everything can be controlled and managed and have limited exposure to security breaches,” said Fiallo on the webinar.

Creating a more autonomous network also opens it up to more security risks. Fiallo gave an example of how CTA has successfully worked with China Telecom to build out a fully integrated ecosystem. CT Wing supports 400 million IoT users and is empowered by eSurfing Cloud, China Telecom’s cloud network.

“We’re moving in a direction where collaboration is going to be so paramount,” explained Fiallo. “Not just between communication service providers, but cloud, infrastructure, software providers and SaaS providers. All of us are going to have to come together.”

Watch the full webinar on STL Partners website here.