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: 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: How DeFi Paves the Way for Financial Inclusion

Decentralized Internet, Innovation, Money

How DeFi Paves the Way for Financial Inclusion

According to the World Bank’s report from 2017, approximately 1.7 billion people worldwide don’t have a bank account today.

Not having access to this fundamental financial instrument is the main factor that stops them from realizing certain everyday functions. However, decentralized finance (DeFi) was created to meet all the requirements and demands of traditional banking — security, privacy, and accessibility — in a new way.

By transferring financial operations onto the blockchain, people will only need a smartphone or portable PC and a stable Internet connection to access the global financial system 24/7. How’s that for a step in the right direction?

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Article: IoT and Blockchain: The Future of Smart Cities

Blockchain, Cyber-Security, Hardware

IoT and Blockchain: The Future of Smart Cities

Existing smart city concepts include within themselves a variety of equipment with sensors for collecting data. This could be driverless transportation, drones for the delivery of goods, city cameras for monitoring, automated stoplights, and any other equipment for that matter. This makes the collection of personal data an inevitable fact, which is why it is necessary to prevent this data from being accessed by unwanted third parties.

The collection and storage of personal data create a risk for the personal lives of every human being. Developers of solutions for smart cities must provide a transparency policy for the exchange, confidentiality, and security of data for end-users.

This is exactly why blockchain technology opens up the possibility for all participants of such a process to collect and exchange their data with a high level of reliability and security without the involvement of a sole centralized administrator or intermediaries.

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Article: The Future of Work is Decentralized and Decent

Decentralized Internet, Web 3.0

The Future of Work is Decentralized and Decent

For decades, holding a “full-time job” with one employer has been the norm in developed economies. Increasingly, those norms are changing. A new generation of young adults entering the global workforce, the aftermath of COVID-19, and numerous other factors have spurred accelerated growth in one specific segment of the economy: independent workers.

More than one-third of U.S. workers (about 56 million total) participate in the gig economy, either as their primary or secondary jobs. Additionally, 4.33 million people in the United Kingdom were self-employed in the first months of 2021.

Beyond those raw stats, we can see the proliferation of freelancing and gig work through the emergence and rapid growth of major gig economy employers, including Uber, Lyft, Turo, Upwork, and Fiverr.

Blockchain now stands poised to take self-employed workers to the next level, with Decentralized Autonomous Organizations (DAOs) leading the 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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Article: Successful Decentralization Lives Right Under Our Nose

Decentralized Internet, Web 3.0

Successful Decentralization Lives Right Under Our Nose

As I scroll through social media and LinkedIn, in particular, I see a thriving inclination towards the term ‘Decentralization.’ No doubt, cryptocurrencies have fueled the discussions around such a space; however, decentralization as a subject is not just limited to the financial sectors — a fact that I’m very well versed with courtesy of the endless discussions about social media decentralization.

For such discussions to turn to fruition, we have to have a basis — perhaps a concrete example of what decentralization is capable of, how it would influence the society, on the whole, and how this space would further escalate into something that we don’t currently know about.

And while I look around for a concrete shred of evidence, I find none better than our very own Internet. The Internet, and more specifically, the Web, is one of the most decentralized technologies ever created.

Article: The Use of Blockchain Technology in Online Dispute Resolution

Blockchain, Crypto

The Use of Blockchain Technology in Online Dispute Resolution

Although we can say that the use of blockchain technologies in ODR can benefit society, sometimes it can curb justice too. The low-value cases hardly exceed the litigation threshold in public courts, it can be a cause of concern whether they can be resolved by ODR. At this time, when block-chain based applications are more practical and easy to use and methods like smart contracts are gaining popularity, a strong legal system should react to it.

Questions on regulating cryptocurrency, regulating communities advocating for them should be answered. But there are certain questions that need attention, but we seldom focus on; the irreversibility of blockchain transactions and their meaning from a legal perspective, infrastructure for such redress mechanisms, assumptions within the smart contracts, etc should be properly addressed.

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Article: Why Non-Custodial Storage Is Perfect For Retail Investors

Crypto, Decentralized Internet, Money

Why Non-Custodial Storage Is Perfect For Retail Investors

For many who are part of the Millennial and Gen Z demographic, the choice between traditional savings accounts with 0.5 % APY (annual %age yield) and cryptocurrency services that offer up to 12.65% APY is a no-brainer.

The added risks that are often associated with using digital assets as a store of value don’t seem too worrisome for this new segment of retail investors. This is complemented by the fact that proper security tools and custody are already available.

Young investors figure that this a better deal if they’re already keeping their savings with a third party, while the underlying assets, cryptocurrencies, continue to appreciate. An observation that rings especially true amid current fears of inflation in fiat currencies and a recent bull run for their digital counterparts.

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