Summary

This document discusses the use of blockchain technology and decentralized infrastructure to create a more secure and equitable internet. It covers the principles of decentralization, transparency, and trust-less systems, and explains why blockchain technology is important. The document also provides a brief history of the internet and web2.0 and explains how web3.0 will reinvent and save the internet by allowing people to maintain better ownership and control of their personal and private information. Finally, the document discusses incentivized systems like the Basic Attention Token, which compensates users for their time and attention to advertisements, and other practical real-world examples.

Introduction

The following set of documents will go into detail the various ways that we use blockchain technology and decentralized infrastructure platforms to build a newer, better, secure, and more accessible and equitable internet. But first we need to understand a few basic concepts.

Blockchain Technology, Decentralized Infrastructure, and Web3.0

Our organization specializes in a wide array of decentralized infrastructure technologies (i.e. platforms that leverage blockchain technology as a core mechnism in how they function). The growing proliferation of decentralized infrastructure projects are part of a wider movement often referred to as “web3” or “web 3.0” that starts at the physical layer (the hardware that makes up the internet) all the way up to the application layer (the websites, mobile, and desktop applications you use). Decentralized infrastructure and web3 operate on a several core principles:

Decentralization

• Decentralized systems have significant advantages over centralized organizations and other institutions. First and foremost is takes singular control over a technology, an organization, or a currency (among other examples) out of the hands of a few selected individuals, which serves to create inherently democratized systems and removes the ability for a select few to manipulate or damage the system through either human error or deliberately malicious actions. Additionally decentralized systems are more accessible to everyone, no matter their socio-economic status.

Transparency

• Fundamentally a blockchain is nothing more than a massively distributed immutable ledger, maintained by a large global network of “nodes” that keep copies of the ledger and distribute it to other nodes ensuring a network-wide consensus of all transactions and what tokens are held in which “wallets.” This also means that all transactions are visible (some privacy-focued blockchains use “zero knowledge proofs” where where transactions are going to-from are not visible, but still remain transparent in terms of seeing transactions happening, and which wallets hold what tokens), so that no transaction can be faked or forged.

Trust-less Systems

• A lesser known term that merely means that the system does not require trust to be accurate and reliable. In the same way gravity doesn’t have to be “trusted” blockchain systems operate math, logic, and open programatic rules. When compared to things like traditional banks whenever you deposit money in your account you are trusting that the bank, and all it’s employee’s, handle your funds responsibly, with your best interest in mind, and without any human error. Of course history is filled with plenty of examples where banks, financial institutions, or entire governments have become insolvent through a set of circumstances ranging from poor management, malicious activity from inside or outside the organization, or through simple human fallibility.

Why Blockchain Technology Is Important

While not necessarily a revolutionary concept, it’s application and rapid adoption in every area of technology, businesses, government, and virtually every area of our lives is a huge paradigm shift that allows for things never possible before. Everything from the basic infrastructure we rely on (the internet, electricity, water, food production, supply chains of all variety, etc.) and the currency we use in every day transactions are incorporating blockchain technology to create more reliable, efficient, automated, and secure systems (in many cases operating under the hood in ways consumer aren’t aware).

Additionally the decentralization of these systems are allowing people to maintain better ownership and control of a wide variety of things historically claimed by governments and large corporations that turn around and profit from. One of the most obvious example is personal and private information that everything from governments to search engines, and social media companies have data mined with the purpose of turning the consumer themselves into the product, or used against our general population in nefarious ways

But lets look more closely on the subject at hand: the internet.

A Brief History of the Internet & Web2