Web3

Web3 tooling is essential for this project because of the following:

Automation through code: Self-executing code has the terms of the agreement directly written into code. This allows for automation of processes, reducing the need for intermediaries, minimizing errors, increasing efficiency, and ensuring transparency and trust in transactions and processes.

Cheaper to operate: By reducing the need for intermediaries, decentralization can lower operational costs. Reduced transaction fees and costs associated with third-party services make the system more cost-effective in the long run.

Financially sustainable: Users directly contribute to and benefit from the network's value. Node operators earn rewards for participation, and the costs are more evenly distributed among node operators.

Advantage of edge networks (Peer-to-peer data sharing): Decentralization allows data and computing resources to be distributed across multiple locations or devices (edge networks), reducing latency and increasing reliability. It also enhances data privacy and security by minimizing single points of failure and potential vulnerabilities.