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Verifiability is the key to Trust in digital services

Web3 introduces a concept in which users have complete control over their data, deciding who, what, and when to share, unlike in Web2, where users lacked control over their data. This safeguards against a concentration of power among a few centralized entities holding users’ data and identities.

The use of newer technologies brings about this change in Web 3.0, wherein we can decentralize the data and achieve automated machine verification, thereby avoiding intermediaries. For example:

  • Modern cryptographic solutions allow everyone to publicly prove ownership over any type of information/digital asset without needing to reveal their identity to a central authority or intermediary.
  • Distributed ledgers make information stored on the ledger readily available to support online verification processes without the need for data concentration in a central platform or intermediary.

Attributes of Web 3.0

Some of the attributes of Web 3.0 include:

  • Open: Open-source software (OSS) will be used to build Web 3.0 platforms.
  • Zero Trust: Everyone will use Zero Trust, and network protection will reach the edge.
  • Distributed: Interaction between devices, users, and services will be possible without a centralized authority’s approval. This is achieved using Blockchain.