Web3: A Decentralized Societal Infrastructure for Identity, Trust,
Money, and Data
- URL: http://arxiv.org/abs/2203.00398v2
- Date: Thu, 3 Mar 2022 13:51:53 GMT
- Title: Web3: A Decentralized Societal Infrastructure for Identity, Trust,
Money, and Data
- Authors: Joost Bambacht, Johan Pouwelse
- Abstract summary: A movement for a more transparent and decentralized Internet is globally attracting more attention.
Citizens are locked into big-tech for personal data storage and their for-profit digital identity.
This thesis presents the first exploratory study that integrates governmental-issued travel documents into a (decentralized) societal infrastructure.
- Score: 0.0
- License: http://creativecommons.org/licenses/by-nc-nd/4.0/
- Abstract: A movement for a more transparent and decentralized Internet is globally
attracting more attention. People are becoming more privacy-aware of their
online identities and data. The Internet is constantly evolving. Web2 focused
on companies that provide services in exchange for personal user data. Web3
commits to user-centricity using decentralization and zero-server
architectures. The current digital society demands a global change to empower
citizens and take back control. Citizens are locked into big-tech for personal
data storage and their for-profit digital identity. Protection of data has
proven to be essential, especially due to increased home Internet traffic
during the COVID pandemic. Citizens do not possess their own travel documents.
The European Commission aims to transition this governmental property towards
self-sovereign identity, introducing many new opportunities. Citizens are
locked into banks with non-portable IBAN accounts and unsustainable legacy
banking infrastructures. Migration to all-digital low-fraud infrastructures and
healthier competitive ecosystems is essential. The overall challenge is to
return the power to citizens and users again. The transition to a more
decentralized Internet is the first crucial step in the realization of
user-centricity. This thesis presents the first exploratory study that
integrates governmental-issued travel documents into a (decentralized) societal
infrastructure. These self-sovereign identities form the authentic base to a
private and secure transfer of money and data, and can effectively provide
trust in authenticity that is currently missing in online conversations. A
fully operational zero-server infrastructure that incorporates all our
requirements has been developed for Android using the P2P network overlay IPv8,
and a personalized blockchain called TrustChain...
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