The Institute of Information and Communications Technology released the "Global Web3 Technology Industry Ecological Development Report (2023)"

On January 1st, the China Academy of Information and Communications Technology released the "Global Web3 Technology Industry Ecological Development Report (2023)", focusing on analyzing and elaborating on the latest developments in technology, data, applications, and regulatory development of Web3 in 2023. It proposed a more detailed Web3 technology architecture 2.0 and a data infrastructure architecture for the upgrade and evolution towards Web3. The report comprehensively analyzed the future development trends and major challenges of Web3.

The report states that Web3 is an important direction for the evolution of the next generation internet. It is forming a new generation internet framework with decentralized underlying network architecture as its core, aiming at data sovereignty control and value transmission. Web3 is driving the formation of a new type of data infrastructure architecture and data circulation mechanism to create an economic system focused on data rights confirmation, circulation, and transactions. It is expected to promote transformation in internet business models and value distribution models, accelerating the integration development between digital economy and physical economy.