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Emerging Tech: Understand the Structure and Dynamics of the Web3 Ecosystem

 

By Ray Valdes, Mark Driver, Danielle Casey, Akhil Singh, Alizeh Khare, Balaji Abbabatulla, David Furlonger

October 20, 2023

 

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We are thrilled to share complimentary access to the latest Gartner® report, “Emerging Tech: Understand the Structure and Dynamics of the Web3 Ecosystem” which focuses on multichain interoperability.

This document presents a model of the Web3 and blockchain ecosystem to understand the competitive vendor landscape and the dynamics of broadly defined participants. Of particular interest is the central pillar of the ecosystem, which, according to Gartner, “The central pillar of the ecosystem is the technology stack of applications, middleware, infrastructure and deployment services.”

According to Gartner, “The infrastructure level used to be just one layer consisting of core blockchain platforms, such as Ethereum, Tezos, Corda and Hyperledger Fabric. Since then, the layer evolved into a set of three layers: Layer 1 (core blockchain platform), Layer 2 (a scalability-oriented layer on top of Layer 1), and, more recently, Layer 0 (an emerging interoperability substrate).”
 

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We are thrilled to share complimentary access to the latest Gartner® report, “Emerging Tech: Understand the Structure and Dynamics of the Web3 Ecosystem” which focuses on multichain interoperability.

This document presents a model of the Web3 and blockchain ecosystem to understand the competitive vendor landscape and the dynamics of broadly defined participants. Of particular interest is the central pillar of the ecosystem, which, according to Gartner, “The central pillar of the ecosystem is the technology stack of applications, middleware, infrastructure and deployment services.”

According to Gartner, “The infrastructure level used to be just one layer consisting of core blockchain platforms, such as Ethereum, Tezos, Corda and Hyperledger Fabric. Since then, the layer evolved into a set of three layers: Layer 1 (core blockchain platform), Layer 2 (a scalability-oriented layer on top of Layer 1), and, more recently, Layer 0 (an emerging interoperability substrate).”
 

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Why is Canton Network mentioned in this report?

 

Gartner also noted, “It is possible different approaches in this [interoperability] layer will be eventually subsumed into other parts of the technology stack. Some observers position the interoperability function above Layer 1 rather than below, while others see interoperability at Layer 2 or even at the middleware level. For example, Cosmos can be viewed as an “app chain enabler” at Layer 2 or above, or Canton and Axelar could be seen as L1s in their own right.”

Source: Gartner, Emerging Tech: Understand the Structure and Dynamics Of the Web3 Ecosystem, By Ray Valdes, Mark Driver, Danielle Casey, Akhil Singh, Alizeh Khare, Balaji Abbabatulla, David Furlonger, October 20, 2023
 

To read more Gartner recommendations on navigating the Web3 ecosystem, including multichain interoperability, click below for complimentary access to this report.

Access the Report

 

 

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