Web 3 Is a Long Fight Worth Fighting

Web 3 Is a Long Fight Worth Fighting


The next step was to posit that blockchains such as Ethereum, in supplanting trust in centralized entities like Google, offered the alternative of a verifiable, “truthful” means of tracking exchanges via open protocols and decentralized validator networks. If we could achieve that, the argument went, we could replace monopolistic platforms with decentralized communities of data sharing. Business models would emerge where applications service those communities’ transactions of money and information but, in keeping with the idea of “self sovereign identity,” control over that valuable personal data would reside solely with each individual user.

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