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

Web 1 💾	Web 2 💻	Web 3 🧍‍♂️
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