Steve McKeon Talks Web 3.0 at the TechCircus Conference

February 3, 2022

Web 3.0 is the next step in digital technology. It’s a natural evolution of the Internet, and will make data more user-centered. On January 26th and 27th, Tech Circus ran a Web Conference, featuring a variety of subject matter experts on a variety of Web 3.0 topics. MacguyverTech’s CEO Steve McKeon (Mac) was one of Thursday’s featured speakers.

The next iteration of digital connectivity is built on blockchain technology, which is specifically designed for open, transparent, and immutable transactions. Cryptocurrency is the most well-known blockchain creation, but the applications are much more far-reaching than that. From the Metaverse to NFTs to tremendous innovations in supply chain technology, Web 3.0 is going to change all our lives.

McKeon’s time with Luke Reed, CEO of Tech Circus, dealt with many of these subjects, as well as an AMA (ask Me Anything) session.

Luke: What do you do with clients and people you work with?

Mac: “What we do is we are a little different than traditional software development companies. Most of them will come in and say, “Here’s the requirements, here’s what I need to build it and then I’ll leave.”  We’re a little different; we’re very relationship driven. Usually we build something for them, while hand-holding them through the entire process and even afterward. We’re not just building a product, we’re solving problems and building custom software for that particular customer or client. We’re solving unique problems that really help them save a lot of time and money; they would be foolish not to keep this around. Our relationship-driven business is a different way of doing it, we’ve been doing a lot of education for our existing clients on ERP and CRM systems. I’m trying to educate a lot of them who are interested in newer technology like blockchain. I think that can help them be more efficient and better, so it’s part education and part building.”

Luke: So, you’re educating your clients on how to use blockchain technology?

Mac: “Potentially…sometimes they don’t even know the value of it. They say, “what does it mean to me, is it gonna save me money?” They just see what they see on the news, and there’s a lot of misinformation.”

Luke: We were having a chat about blockchain. Does Web 3.0 have more issues with hacking than Web 2.0?

Mac: “That’s a great question. I believe Web 3.0 is inherently a secure network. The problem with Web 3.0 right now is: We’re kind of in this transition period, and there’s a lot of gaps between Web 3 and Web 2.  Most people won’t hack the blockchain, but the things that communicate with the blockchain. Things in the fringe layers of networks could have vulnerabilities or some stuff that’s not secure.  Blockchain is inherently using highest level security. I believe this is the next wave of being more secure, but there’s still some Wild West areas, especially with things like smart contracts.”

Luke: I also understand that you’re quite a big fan of open source; can you tell us a bit more about that?

Mac: “I really enjoy what open source represents. It’s a way for the entire community to give and use tools. It’s not just about free software, which most people kind of gravitate towards first. It’s about having an open book for scrutiny, so if I have a piece of code that might have a problem, I can open it up, and I’m guaranteed somebody in the community will probably see that and try to help me fix it. With traditional software, it’s a sealed box. They don’t want anybody seeing that. I find that that’s not really the way to go, and believe blockchain goes hand in hand with open source. It really is open-source technology, and I resonate with that. I feel like that’s the way things should be, more so than everything being profit-driven.”

Luke: Going back to what we said before, how do you protect yourself from malicious smart contracts?

Mac: “That’s a really good question. I recently had to help a friend of mine; she unfortunately was in a project, and unknowingly approved a malicious smart contract in a marketplace. That smart contract drained her account and took 10-12 NFTs that were worth at least $10,000 each, and then also drained all of her Ethereum.”

The AMA also asked about crypto wallet security, and Mac quickly pointed out the advantages of a hard crypto wallet. “If you have a hardware wallet, I think you’re much better off,” he said. “they’re far more secure than simple software wallets like Metamask or Trustwallet.”

Luke: From AMA – What would you suggest if someone wants to learn about Web 3.0?

Mac: “Okay, so there’s a lot to learn. First, you’ve got to have some fundamentals. I would highly recommend learning JavaScript. JavaScript is one of the biggest and most well-known resources out there; there’s more developers on JavaScript than any other language. They really work well with the blockchain technologies; a lot of the node libraries have an ability already connected with the blockchain. There are tools being end-developed for it, and once you understand JavaScript, Solidity is based on JavaScript. Solidity is the language of smart contracts, and you’ll understand a code much easier and logically than you would without having a background in JavaScript. They brought that over on purpose in solidity to give developers and easy on ramp.”

To view the entire TechCircus session, go here.

For more information about Web 3.0 and blockchain technology, visit here.