Article: Bigger picture with the Decentralized identifiers

Decentralized Internet, Web 3.0

Bigger picture with the Decentralized identifiers

Admittedly, the blockchain does have loopholes that can be illegally misused, but it also provides the ingredients needed for mending this issue. In the right hands, the use of blockchain innovations, such as:

  • Decentralized Identifiers (DIDs)
  • Self Sovereign Identities (SSI)
  • Verifiable Credentials (VCs)
  • and Tokenization

will help to acquire the needed permissionless trust in the form of Trust Network.

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Article: Understanding the Verifiable Credentials (VCs)

Decentralized Internet, Digital Content, Web 3.0

Understanding the Verifiable Credentials (VCs)

Verifiable Credentials heavily utilize Decentralized Identifiers to identify people, organizations, and things and to achieve a number of security and privacy-protecting guarantees. They are issued and cryptographically signed documents, intended to be understood by computers rather than people.

A user identifier that is:

  • In digital form
  • Able of communication with decentralized ledger
  • A property of its owner that is stored in a wallet
  • Contains the DID data string that pairs the user’s public address with a user’s public key stored on a blockchain
  • Representing user ID, diploma, and many others

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Article: FileCoin: Decentralized Cloud Storage Competitor To AWS, Microsoft Azure, And Google Cloud

Decentralized Internet, Web 3.0

FileCoin: Decentralized Cloud Storage Competitor To AWS, Microsoft Azure, And Google Cloud

Worldwide cloud data storage is increasing at a dizzying pace. Some of today’s most valuable companies are getting rich off of their high margin cloud computing units such as Amazon’s AWS, Microsoft’s Azure, and Google Cloud. Protocol Labs IPFS which allows cryptographic hashing and the scaling of level 2 blockchain protocols, along with the dApps that sit on top of them, are likely to grow exponentially over the next decade. Additionally, users from around the globe will look to and for a Web3 cloud storage solution that can safely, cheaply, and reliably store their data. FileCoin and IPFS are likely to be the go to solution for Web3 data storage and retrieval going forward thanks to the many early adopters who use FileCoin and to the opensource platform that allows developers to integrate applications and innovate with the protocol.

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Article: Interoperability of blockchain key to realising tech’s full potential

Blockchain, Decentralized Internet

Interoperability of blockchain key to realising tech’s full potential

Blockchain interoperability would be especially needed in value chain industries, such as supply chain, trade finance, healthcare, aviation, and other such industries. One simple blockchain network would not cut it and would simply be unable to provide all the needs for any given transaction. Hence the need for many networks and connecting these networks is what makes this system worthwhile.

There are many interesting projects such as Chainlink, Cosmos, Hybrix, Polkadot, and Wanchain. Other notable projects include Aion, Ark, ICON, Transledger, Cosmos and Overledger. The endgame is to create an ‘internet of blockchains’ – a network of blockchains that can easily talk with each other all in a decentralised manner.

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Article: What Does 2021 Hold For Insurance on The Blockchain?

Blockchain, Innovation

What Does 2021 Hold For Insurance on The Blockchain?

The creation of blockchain ecosystems can boost the case for automated insurance processes. The track record of transactions, combined with the potential to collect and timestamp reliable data and events opens the door to a new insurance marketplace on the blockchain.

Platform projects have branched out into multiple niches, including insurance targeted both to the wider market, and to crypto-specific events and risks. We looked at the state of the market and the niches taken by platforms promising to build democratic token-based economies with multiple features. We picked up and coming projects that started their expansion in the past few months, with the potential to ride alongside another bull market for both coins and tokens.

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Article: What Is a Decentralized Exchange (DEX)?

Blockchain, Crypto, Money

What Is a Decentralized Exchange (DEX)?

A decentralized exchange uses smart contracts (automatically-executed protocols) to facilitate trading between individuals, but doesn’t take control of their coins.

DEXs handle this in one of three ways: an on-chain order book, an off-chain order book, or an automated market maker approach.

In an on-chain order book, every transaction is written onto a blockchain. That’s not just the actual purchase, but also the request to purchase or cancel an order. It’s the ultimate in decentralization, but the need to put everything on a blockchain can make it more expensive and slower.

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Article: Filecoin Integrates With Chainlink, Aims to Assist Web 3.0 Developers

Blockchain, Web 3.0

Filecoin integrates with Chainlink, aims to assist Web 3.0 Developers - TCRFilecoin Integrates With Chainlink, Aims to Assist Web 3.0 Developers

The collaboration will prove to be beneficial for the smart contract developers. They will get hold of an entire Web 3.0 infrastructure hoard consisting of blockchains designed for on-chain logic and state transformations, Chainlink oracles aimed at off-chain transmission and computation, and Filecoin centralized for decentralized storage and data solutions.

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