It’s almost impossible to talk about Web3.0 without digging into blockchain and the surrounding crypto tech. The reason for this is simple. In the pre-crypto era, the dream of a decentralized web, controlled by people rather than governments or corporations, was just that, a dream. While Bitcoin’s or Ethereum’s success as a new currency is questionable, what it really did was tip the fragile balance. For the first time we saw a live demonstration of a decentralized network. But what the dream needs now is infrastructure.
I read “Search at Scale Shows ~30,000X Speed Up.” I have been down this asphalt road before, many times in fact. The problem with search and retrieval is that numerous bottlenecks exist; for example, dealing with exceptions (content which the content processing system cannot manipulate).
I wish to list some of the speed bumps which the write does not adequately address or, in some cases, acknowledge:
At its core, the problem blockchain seeks to address is to ensure the security and integrity of information at a time when there is increasing concerns about data privacy and declining trust in government. It is a technology that allows one to record assets, transfer value, and track transactions in a decentralized manner, ensuring the transparency, integrity, and traceability of data without a central authority to authenticate the information. It is essentially a system to encrypt information and a shared database. It is based on a consensus mechanism amongst trusted parties to certify the information and validate transactions.