Episode description

The internet, considered as one of man’s greatest invention, is in a constant and rapid movement through times. With the robust development of Web 3, and the emergence of cryptocurrencies, blockchain, digital assets, smart contracts and artificial intelligence, the empowerment of web users is a certainty and a reality. In the fast pace of  the Web 3 movement, is the Philippines – and its traditional legal system – ready for the Web 3 phenomenon? 

 In today’s episode of Prime Movers, Atty Mark S. Gorriceta, the managing partner at Gorriceta Africa Cauton & Saavedra, and one of the mover-catalysts of the adoption of Web 3 in the Philippine legal system, shares his insights of where Web 3 truly stands in the country. Join us as we gather a deeper grasp of this technological evolution, its roots and its inevitable impact to the society, through this episode of Prime Movers.

Gorriceta Africa Cauton & Saavedra is a top-tier full-service law firm in the Philippines, ranked and recognized locally and internationally for its excellent legal services. 

• 04:08 The Evolution of the Internet: From Web 1: The “Read/Only” web
• 06:47 The Birth of Web 2: Interactive and Collaborative Phase of the Internet
• 10:21 The New Internet Revolution That is Web 3
• 11:28 Decentralization in Web 3
• 17:19 Blockchain Technology 
• 18:42 “DeFi:” Decentralized Finance and Web 3
• 19:24 Cryptocurrencies and Smart Contracts
• 21:10 Artificial Intelligence and Machine Learning as Components of Web 3
• 23:04 Web 3 in the Philippine Legal Landscape
• 31:15 The Digital Assets Act of 2022
• 32 :30 The Future of Web 3 in the Philippines

You may contact Gorriceta through counselors@gorricetalaw.com or +6328696-0687