Innotech discussed important Web 3.0 issues at the FINOPOLIS Forum

News room, Press release 15.11.2022

Innotech (part of T1 Group), a leading supplier of innovative business digitisation solutions, took part in the Round Table Discussion “Web 3.0: from Art to Fintech”. The event was organised by Kommersant Publishing House as part of the Forum of Innovative Financial Technologies FINOPOLIS. Innotech was represented by Dmitry Kharitonov, CEO of Innotech. 

The discussion focused on the most important current issues to answer the questions: will the global economic and geopolitical crisis become a driver for the transition to Web 3.0? What role will Web 3.0 play in building a new financial system? How will Web 3.0 affect corporate profits? 

The speakers, representatives of financial and IT companies, discussed the issues related to future changes in all business areas, from medicine to the financial sector. The experts highlighted new opportunities that will emerge in banking technologies and in the development of the digital economy.

“New technologies influence our world without us even noticing the process. Russian users tend to easily adapt to the new tech background and actively use a number of the latest developments, such QR codes for cashless payments and Facepay. All of this along with other emerging tech becomes an irreplaceable part of today’s environment. Technological development became the leading drive of economy growth and guides us towards cost-effective business solutions. Russia has all the necessary innovative products and advanced technologies. So now, when the demand for domestic components has grown significantly, companies have every chance to develop their own fintech solutions without relying on western counterparts”, said Dmitry Kharitonov.

Innotech CEO emphasised that the Web 3.0 economy will differ significantly from the model usual for us. Decentralisation and digitisation will be the most important features of the coming new age. Storage of data which in Web 3.0 are distributed among users will play a huge role. In particular, digital and soft currencies will be further developed. Investments into digital financial assets is already a trend today. Experts and market players already recognize these assets as an alternative option to traditional investments. Dmitry Kharitonov pointed out the relative simplicity and accessibility of this model.

“The development of socially-oriented technologies will occur within the Web 3.0 model. Passenger train transportation is a great example. New technologies are able to speed up the emergence of unmanned vehicles and smart transportation management systems as well as wireless payment methods. The “Smart City” program, aimed at modernizing the biggest population centres, promises to apply all of these technologies and create AI assistants for public use. There is no doubt that it’s the big tech and IT companies that will be at the root of the Web 3.0 model. They will have to develop and bring solutions and technologies to the market that will define the scenario of the Web 3.0 model formation,” commented CEO of Innotech Dmitry Kharitonov.

He also noted that Russia has all the necessary innovative products and advanced technologies. So now, when the demand for domestic components has grown significantly, companies have every chance to develop their own fintech solutions without relying on western counterparts. Dmitry Kharitonov emphasized that today Russia is one of the few countries that have competitive developments in virtually all areas of business: from flexible adaptive hardware and network infrastructure management tools and back office support systems to digital services for end users.

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