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Homepage > News > Business > Global Web3 adoption faces hurdles; IPv6 gains ground in US A report by Civic Technologies examining Web3 adoption has emphasized the complexity of wallet-based authentication as a significant barrier for new users. The State of Authentication and Identity in Web3 report noted that the rise of decentralized finance (DeFi) and decentralized applications (dApps) has triggered widespread excitement among non-digital asset users. However, many remained left out of the digital revolution. A leader in the decentralized identity space, Civic Technologies stated in its latest report that the authentication methods employed by Web3 offerings are the first hurdle in adopting emerging technologies, with potential users often struggling to create non-custodial wallets while managing seed phrases and private keys. “Non-crypto users struggle with wallet concepts, making onboarding difficult,” read the paper. “Complicated steps and seed phrases push users away from promising platforms before they even get started.” Aware of the complexity issue, the report attempts to offer solutions for the Web3 ecosystem, which includes the mainstream use of hybrid logins that combine Web2 and Web3 to promote familiarity for prospective users through email onboarding. To maintain a high level of security, Civic Technologies advocates for decentralized identifiers without relying on centralized players. Furthermore, applying non-transferrable tokens and integrating biometrics in the onboarding process will offer an additional layer of protection for Web3 users. “As the need for secure, flexible, and user-friendly identity verification grows, MFA [multi-factor authentication] and biometric technologies are shaping the standards for the next generation of decentralized applications,” read the report, adding that certain tradeoffs exist in opting for a fully decentralized onboarding system or a hybrid approach. Gaming platforms are anticipated to benefit from complete decentralization to combat the issue of bots and fake accounts. Apart from the onboarding issue, Web3 adoption has…

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Filed under: News - @ March 31, 2025 2:29 pm