Introduction

The invention of blockchain technology has led to the development of many blockchain-backed technologies for diverse applications. While the most application of cryptocurrency has been in the development of digital currencies, there has been a need to back all these digital currencies up with solution applications whose use continues to drive the values of the associated tokens—as digital currencies are most often referred to

The technology of blockchain may be novel, but it was developed on the back of well-established technology like, Public-Key Encryption. As technology continues to advance towards web3, there will be newer technology with novel solutions that will be developed on the architecture of blockchain technology. Most of the currently existing technology in the blockchain sector exists in a silo, with great difficulties accompanying the interoperability of these solutions

As of the present, the blockchain ecosystem is fragmented and complex as most of the solutions exist in silos. This has continued to pose a significant challenge to stakeholders within the sectors. The heterogeneous nature of blockchain technology solutions introduces compatibility issues and a lack of interoperability within the multiple blockchain ecosystems and with the other networks of existing technologies

Most of the existing technologies that have attempted to connect distributed ledger (DLT) have only defined the standard for interoperability within their technical ecosystem. AERO PROTOCOL has created a technology with Artificial Intelligence and Web3 at its core to tackle the problems of interoperability in institutions and businesses with fragmented blockchain tools

Web3 is a new system of decentralized online ecosystem that is built on top of the blockchain. The current World Wide Web as we know it is centralized and controlled by the few companies in charge of many of its components, the data generated from the users are owned and controlled by these companies. Web3 brings a promising solution that can evolve this web monopolization by large technology companies and give up its building, operation, and control to the users. Web3 uses three main components at the center of its operations i.e Blockchain for the immutability of data, Cryptocurrencies as the digital currency of transactions, and NFTs for ownership of digital assets.