Article: UN sees blockchain technology as tool to fight climate crisis

Blockchain, Governance, Innovation

UN sees blockchain technology as tool to fight climate crisis

U.N. experts are confident that “cryptocurrencies and the technology that powers them can play an important role in sustainable development, and actually improving our stewardship of the environment.” Specifically, the article points out a number of environmental and sustainability benefits associated with blockchain, including its power to enable transparency and resistance to fraud, climate finance and clean energy markets.

Citing the U.N. Environment Programme’s partnership with the Technical University of Denmark, the article states that data on harmful greenhouse gas emissions is unreliable and incomplete in many countries. In providing an immutable record of carbon data, blockchain solutions can provide a transparent way for nations to take action to reduce their impact on the climate.

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Article: Interplanetary File System Could Pave the Way for a Distributed, Permanent Web

Data, Decentralized Internet, Open Source, Web 3.0

Interplanetary File System Could Pave the Way for a Distributed, Permanent Web

“IPFS is general purpose, and has little in the way of storage limitations,” wrote Neocities founder Kyle Drake in a blog post announcing his company’s decision to become the first major website to implement IPFS. “It can serve files that are large or small. It automatically breaks up larger files into smaller chunks, allowing IPFS nodes to download (or stream) files from not just one server like with HTTP, but hundreds of them simultaneously. The IPFS network becomes a finely-grained, trust-less, distributed, easily federated content delivery network (CDN). This is useful for pretty much everything involving data: images, video streaming, distributed databases, entire operating systems, blockchains, backups of 8-inch floppy disks, and most important for us, static web sites.”

Ultimately, these core notions behind IPFS may be one solution to build a distributed, permanent web. It’s one possible alternative to the brittle and hypercentralized system that we’ve now arrived at with outdated protocols like HTTP — and potentially a useful hedge against an uncertain future.

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Article: The internet paradigm shift is here: Are you prepared for Web 3.0?

Decentralized Internet, Open Source, Operating Systems, Web 3.0

The internet paradigm shift is here: Are you prepared for Web 3.0?

The Web 3.0 — with all the components of its stack, from networking, computing, storage to end-user applications — is being developed. This new era that embraces freedom, flexibility, accessibility and reliability involves a massive change — a paradigm shift — that will allow users to adopt decentralized and censorship-resistant solutions in order to become self-sovereign. Within the next generation of platforms, computing providers are striving to build open and fairer systems to prepare for this paradigm shift.

Improved technology, user experience and education of users is pertinent to the preparation for the next paradigm shift. Web 3.0 will bring us a fairer internet with uninterrupted services, reduced data breaches and more freedom and capability to run applications anywhere in the world on a decentralized platform. It’s only a matter of time before end users realize the better infrastructure needed to support the digitization of the world — and this next chapter in our human history.

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Article: To Succeed In Decentralizing Digital Identity, Focus On Relationships First

Decentralized Internet, Open Source, Web 3.0

To Succeed In Decentralizing Digital Identity, Focus On Relationships First

Decentralized identity technology aims to do much better, making users and their devices the sole authoritative sources of personal data by using digital identity wallets. These would function as if they were payment wallets, where a user could dole out as much personal data on request as they see fit to share in even more privacy-enhanced ways. Trusted issuers would lodge the data in the form of tamper-resistant verifiable credentials (VCs), and verifiers would have ways of retrieving and checking the sources of these VCs. Distributed ledgers serve to underpin issuer networks.

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Article: Inventor of the World Wide Web is auctioning its original source code as an NFT

Crypto, Digital Content

Inventor of the World Wide Web is auctioning its original source code as an NFT

In particular, the NFT that Berners-Lee will be selling consists of four parts according to Sotheby’s: “original time-stamped files containing the source code written by Sir Tim; an animated visualization of the code; a letter written by Sir Tim reflecting on the code and the process of creating it; as well as a digital ‘poster’ of the full code created by Sir Tim from the original files using Python including a graphic of his physical signature.”

Berners-Lee never patented his inventions of the world wide web and the first browser, releasing the source code for free instead. Together with his wife Rosemary Leith, Berners-Lee sits on the board of the World Wide Web Consortium, which they co-founded in 2009 to advance the open web as a public good and a basic right.

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Article: Blockchain is poised to propel construction into a new era of efficiency

Blockchain, Innovation

Blockchain is poised to propel construction into a new era of efficiency

In essence, blockchain can enable a registry and a sequence of smart contracts that are all traceable and almost impossible to manipulate because of the distributed nature of the infrastructure.

“In the construction context, it could well represent a paradigm shift by unlocking immense efficiency in aspects such as contract processing and payments, as well as supply chain management,” says Skudder.

Smart contracts represent a fundamental shift for the industry. “Automated contracts reduce the necessity for intermediaries, who would have to be paid. The system of smart contracts, built into the blockchain, will automatically enforce the rules such as regulations, deliverables or penalties. Besides the efficiency, the real-time nature means discrepancies or anomalies will be flagged much earlier and disputes resolved faster,” says Skudder.

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Article: 16 Premises for the Decentralized Web

Civil Society, Decentralized Internet, Web 3.0

16 Premises for the Decentralized Web

The domain name com was added to the domain name system of the internet in 1985. Its name is derived from the word commercial, indicating its intended purpose for domains registered by commercial organizations. Later, the domain was tragically opened to general purpose use.

The following outlines premises required for a sustainable information management strategy in service of returning the World Wide Web from
the tragedy of the commons to a utility for the exchange of knowledge.

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Article: The rise of NFTs must be accompanied by further decentralization

Crypto, Decentralized Internet, Digital Content

The rise of NFTs must be accompanied by further decentralization

As the nonfungible token market continues to thrive, it stands to reason that more and more people will continue to move towards the use of highly decentralized blockchains that offer a high level of data transparency and flexibility to their users in terms of trading NFTs, especially when compared with centralized solutions such as Rarible, OpenSea, Binance NFT, etc.

Today there are Byzantine fault tolerant (BFT) cluster-based blockchains that have been tailor-made for handling NFT database management duties. A decentralized database can provide users streamlined access to a data delivery network that ensures a high level of protection from data breaches, network failures and performance troubles — all issues that currently plague the global NFT ecosystem in a big way.

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Article: Cross-Chain Protocols: Changing The Face Of Blockchain Ecosystems With Integration Solutions

Blockchain, Decentralized Internet

Cross-Chain Protocols: Changing The Face Of Blockchain Ecosystems With Integration Solutions

Despite the innovations, blockchain networks were still limited to their ecosystems until the introduction of cross-chain solutions. This new blockchain infrastructure seeks to enable data sharing and communication between various blockchain networks. In doing so, the blockchain ecosystem will operate as a wholesome network where users can leverage multiple products across the entire digital asset market.

Unlike typical blockchain networks, projects with a fundamental cross-chain architecture are built on interoperability protocols. This form of infrastructure allows blockchain ecosystems to connect seamlessly. Cross-chains enable private blockchains to integrate with fellow private ecosystems and public blockchains as well.

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Article: Why DeFi is the Future of Finance

Crypto, Decentralized Internet, Innovation, Money

Why DeFi is the Future of Finance

According to the Harvard Law School Forum on Corporate Governance, DeFi provides a solution to five key problems. These are “centralized control, limited access, inefficiency, lack of interoperability, and opacity.” To address these problems, “DeFi seeks to build and combine open-source financial building blocks into sophisticated products with minimized friction and maximized value to users.”

That maximized value will translate into a wide range of new financial products that aren’t restrained by high fees and other points of friction. These products go far beyond cryptocurrency trading. DeFi customers will be able to acquire loans, invest in interest-bearing accounts, and conduct much cheaper and faster financial transactions without any paperwork or minimum transaction requirements.

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