What is Web 3.0 and Why Do We Need It?

Web 3, Parity, Polkadot, Substrate, ipfs, blockchain? Wtf?

While visiting Republica 2019 and writing my presentation about it, I was trying to make sense of the deeper decentralised web stack. Jutta Steiner gave a talk at Republica but I was a little lost in what she was talking about. It was clear it was important but I was lost in the terms.

Watching her talk from tech open air (TOA19) was a lot clearer.

She also reminded me about the web3 summit, which I wish I could attend but always felt like I might not be quite the right person for it. I look forward to hearing what comes out of it however because its clear as Jutta says

…The first time I interacted with the web like everything was open and somehow that was the the perception like we now have this great tool and sort of thought like it’s not this these closed intranets. But it’s the information superhighway we can do whatever we want but what happened really over the 30 or so years afterwards was we replicated or built a ton of intermediaries that basically sit between us and anybody we want to interact on the with on the web online, be that through what’s that when we text to someone through Facebook, venmo, whatever you use you buy anything there’s always an intermediary for something that really should be a general p2p interaction. So the problem with this really is what’s underneath this and what led to this mass these mass centralization and of power and data in the hands of very few people is the fact that we had to do this in a very centralized way because this is just how the Internet technologies of where to work so we have an underlying architecture with centralized servers where all the data is gathered because of network effect the power accumulates and accumulates, and this is a very fraught way of doing things because you have a central point of failure and that was massively exposed by the Snowden revelations I mean partly because also backdoors are built into it but partly because it’s it’s centralized architecture…

Clear reason why web 3, I think…

Author: Ianforrester

Senior firestarter at BBC R&D, emergent technology expert and serial social geek event organiser.