Web 3.0: User Ownership
Web 3.0 empowered by blockchains, cryptocurrencies and NFTs to give ownership back to users.
permissionless: all has equal access to participate in Web3, no 3rd party approval required
streamlined payments: leverage smart contracts to automate transactions over the internet
trustless: rely on incentives and economic mechanisms instead of trusted third-parties
Web 3.0 identity: blockchain address as a single login across platforms that is secure and anonymous
decentralized ownership: asset owners have full ownership, no centralized entities involved
Read-Only
Read-Write
Read-Write-Execute
Central authorities focus
Communities focus
Individual focus
Centrally owned
Centralized services
Decentralized
Static web page
Web application
Smart contract automation
Display information
Interaction & Sharing
Immersion experiences
Decentralized Autonomous Organization (DAO)
enable decentralized governance for stakeholder to propose ideas
all DAO members can participate in decision making process, e.g. decide the entity's future plan
voting power is distributed among the token holders, which is permissionless and censorship-resistant
token holders (investors) are more motivated to make decision favours the entity
DAO can vote on a predefined operation, which can be executed automatically when certain rules fulfilled
proposals, votings, transactions are all transparent on the blockchain
Decentralized Identity (DID)
digital wallet stores identity and credential information issued by certified issuers
complete control over who has access to our data
standardised decentralised identity can be a single identity for all services
give users control over what data they share with 3rd party organisations, access can be revoked anytime
encrypted identifiers (public key) proof your identity when access public services
sign with private key to verify you're the identity owners
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