19 posts tagged with "Web5"

DIF 🤝 Web5 Hackathon​

The results are in! Out of 418 participants we have our top 3 projects! We were honored to sponsor a Web5 challenge with DIF Foundation. DIF (Decentralized Identity Foundation) is an engineering-driven organization focused on developing the foundational elements necessary to establish an open and interoperable ecosystem for decentralized identity. The challenge given was to build a decentralized web app utilizing Web5.js and Decentralized Web Nodes.

Web5 prescribes that users maintain control of their content by decoupling their identity and data from the applications that they use. I'm frequently asked why major companies, who have made billions of dollars off of our data, would buy into this model.

Web5 introduces a paradigm shift in the way we build applications. App-centric logins and data storage are replaced with decentralized identity and personal data stores.

While Web5 abstracts away a lot of the complexity of building decentralized apps, it would be nice to have a helping hand to answer all of your Web5 questions.

That's why we've created a Web5 Assistant in the form of a ChatGPT plugin. The Web5 Assistant is built on GPT-4 and was trained on all of our available documentation.

did:hack Hackathon​

The Decentralized Identity Foundation organized did:hack, a decentralized identity hackathon designed for people to learn, collaborate, and think creatively about how decentralized identity technology can be leveraged to improve digital interactions in the future.

The 4-day virtual event included sessions from TBD, SpruceID, Dock.io, Aviary Tech, Trinsic, and Danube Tech - all providing educational sessions on ecosystem tools that enable decentralized identity and verifiable credentials.

You may know what a decentralized identifier (DID) is or even how to generate one, but you may be wondering: what’s the point of yet ANOTHER way to identify myself? To get a better sense of the why behind decentralized identifiers, we’ll discuss the real problems society faces today when it comes to identity, and why DIDs are an enormous practical solution to a pervasive set of problems.

The United States’ potential ban of TikTok is the latest and loudest warning sign of our increasing need for a decentralized internet. Consumers are quickly wondering where they’ll go for their short form video content if TikTok is taken away. Creators are faced with the reality that their income could immediately dry up if the most viral social media platform to date disappears. Lastly, businesses could potentially watch one of their most powerful distribution channels go up in flames overnight.

Self-Sovereign Identity (SSI) is an umbrella term well-detailed by Christopher Allen, and inspired by many in the Identity community before him, in his 2016 blog post: The Path to Self-Sovereign Identity, which identifies Ten Principles of Self-Sovereign Identity:

We’re committed to an open software delivery model and therefore want to share our roadmap to Web 5.

Web 5 is a decentralized platform that provides a new identity layer for the web to enable decentralized apps and protocols.

In the current web model, users do not own their data or identity. They are given accounts by companies and their data is held captive in app silos. To create a new class of decentralized apps and protocols that put individuals at the center, we must empower them with self-owned identity and restore control over their data.