• Why We Need Web 3.0
  • Gav Would
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Ethereum co-founder Gavin Wood’s keynote speech on “Why the Internet is Broken today — How can we Do Better in the Future?

When I came up with the concept of “Web 3.0” four years ago, it was clear to me that Ethereum, which I co-founded, provided a platform for people to interact in a win-win way without having to trust each other. With messaging and data exposure, we hope to build a Web that functions as it does today, point-to-point, with no servers and no access to information flow.

Today, it’s not always easy for me to see the light at the end of the tunnel, or the end of the tunnel, due to missing or failing key components, lack of scalability, and compatibility issues with many projects. But one thing has never changed: centralisation is unsustainable in society, and governments are incapable of solving problems.

What went wrong with the Internet today? In short, like a giant baby, it has aged but not matured, and despite the incredible achievement of connecting the corners of the world via packet-switching and hypertext platforms, the web has become corrupted by its own achievements.

Today’s Internet is broken by design

Back in the 1990s, the Internet was an unusual place, Google still had the domain name.org, open-source software was described as “cancer” by one of the greatest monopolists of all time, and new terms like “information speedway” and “Internet addiction” were gaining attention. People (teenagers like me) still run their own websites and email servers, and fishermen have argued about “net neutrality” when buying fishing boats. The structure of the Internet has not yet been distorted by social patterns. It is still raw but powerful, reflecting its academic and fanatical roots.

Over the next 20 years, the World Wide Web will transform natural society as we know it. Yet while the basic architecture of the Internet offers no safeguards for change in other directions, society is bound to make its mark on the web.

Technology often reflects its past, just as it did before, perhaps faster, more stable, better, or more robust. With the networked global economy, we have replicated the same social structures as before. To some extent, we have the web thanks to the modern divide between rich and poor, strong and weak, enlightened and closed.

Today’s Internet is broken from the design, we saw the wealth, power and influence in the grasp of greed, arrogance, or pure have malicious hands market, system and trust relationship has been transferred to this new platform, network density, rights, and the change of the role, but those changes are moving in the same direction.

Let’s see how we pay online. In Web 2.0, you didn’t have the right to pay yourself. In fact, you have to contact your financial institution to do it on your behalf, and you can’t even be trusted to do something as small as paying your utility bill. If you want to get in touch with your friends online, you may need to use Facebook to get your message across.

Technology often reflects its past… With the globalization of the economy going online, we are reshaping the same social structure as before.

The big men who run these businesses are often very important to our lives and work. They don’t have (ostensibly) evil intentions, but they never act with mercy or morality. They take advantage of our trust, provide us with information services, and can abandon us at an inconvenient time.

Most of us are not afraid of governments or corporations invading our lives, but there is evidence that their ambitions do not serve our interests. Look at wikileaks. In 2010, a group of widely respected journalists, often reporting on public issues, were targeted by financial institutions like PayPal and Visa for removal without any legal basis. If you want to make a perfect, legitimate charitable donation to wikileaks, you might as well forget it.

With so much of the world’s data flowing over a few cables, the inconvenient truth is that unless we put in place protocols for open software, our growing digital society will continue to face the risk of malign authority from within and without (outside: if Russia interferes in our elections). Those who want to preserve peace, post-war liberals, need to realize that our digital architecture today will magnify society’s blemishes rather than limit them.

Web 3.0 is a set of inclusion protocols that build blocks for application developers. These builds quickly replace traditional Web technologies, such as HTTP, AJAX, and MySQL, but provide an entirely new way to develop applications. These technologies provide users with strong and verifiable security in the information they receive and send, as well as their payment information. By empowering users to act for themselves in a low-barrier market, we can ensure that censorship and monopoly have nowhere to hide. View Web 3.0 as an enforceable Magna Carta – “the foundation of individual freedom to arbitrary tyrannical authority”

If society does not apply the principles of Web 3.0 to other platforms, it will continue to decay and eventually collapse, just as medieval feudalism and Soviet communism are untenable in modern democracies

The adoption of Web 3.0 is neither quick nor thorough, and because of the entrenched traditional interests that govern our digital lives and are often aligned among lawmakers, governments, and technology monopolists (think of how the NSA’s Prism program enlisted the help of Google and Facebook), Some jurisdictions are even trying to make parts of the new Web illegal. Russia has outlawed bitcoin, and Britain has expressed a (absurd) desire to ban strong encryption.

Web3.0 is a set of inclusion protocols that build blocks for application developers. These builds are replacing traditional Web technologies… But it provides a whole new way to develop applications

If society does not apply the principles of Web 3.0 to other platforms, it will continue to decay and eventually collapse, just as medieval feudalism and Soviet communism are untenable in modern democracies. All aspects of the new system, including the currency or file system, between the planets will be the first to gain traction, may be in the appropriate field, like Linux as found in the “radar” traction with the mature of technology, and traditional company will slow and see their products as innovation will benefit products (such as Microsoft), The advantages of Web 3.0 will continue to grow, making it impossible for cities or countries to ban Uber, Airbnb, Grindr and Wikipedia.

From a user perspective, Web 3.0 is no different from Web 2.0, and at least in the early stages, we see the same technologies: HTML5, CSS, etc. But on the back end, inter-chain block protocols like Polkadot-Parity connect different technology lines into a single economy and work together.

We’ll use Web browsers, but they might be called “wallets” or “keystores.” The browser (or hardware level key components, etc.) will represent a user’s online assets and identity, allowing us to pay or prove our identity without going to a bank or authentication authority. There are still trusted third parties, insurance companies, backup services, etc. But they will be commercialized and their activities will be traceable. Just as these service providers are forced to compete in a global, open and transparent market, web users will be free from price gouging and rent gouging.

Web 3.0 will unleash a new global digital economy, creating new business models and markets to match them, breaking platform monopolies like Google and Facebook, and enabling massive innovation from the bottom up. It will be harder to weaken government attacks on our privacy and freedom, such as wide-net data collection, censorship and propaganda.

That said, while we can’t predict the first successes of this new platform and when they will appear, as with previous Internet developments, the timeline may be measured in decades rather than months, but when Web 3.0 comes along, it will change our understanding of the term “digital age.”

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