Web 3.0

The next generation internet. Decentralized protocols are the order of the system. We strongly believe that people must own their own data, so they control their destiny on the internet. Our primary focus is ensuring that we shift “trust” from big centralized systems to individual users of the internet. In a fast-paced world, TRUST is important. Distributed systems offer TRUST on the web.

With the emergence of the African Continental Free Trade Area (AfCFTA), transacting and control of inventory over a large area requires infrastructure. Our decentralized protocols are designed to ensure TRUST is not a hindering factor in all these transactions.

TRUST enhances the ease of doing business, reduces the costs of transacting, ensure quicker delivery of inputs, enables tracking of sources, and ensures that sources are verified with absolute certainty of authenticity. We are developing new technology to ensure secure transacting and usage of the internet.

With Web 3.0 decentralized protocols, numerous nodes depend on each for the verification and procession of transactions, data and information. It is significantly hard for a single node to be untrustworthy and thus influence the entire blockchain. Because of this, transactional trust is achieved through the symbiotic interdependence of operators. This yields large scale collaboration. Multiple systems such as traffic department, home affairs, electricity supply etc. can work together to ensure credibility of citizen information.

With this being a decentralized protocol, the people have the power to govern the changes that come and the impact the changes have on the general system. People do not enact that which they do not like but stamp their authority on the desires that yield true benefit to their communities.

Decentralized protocols enable numerous nodes to be active at the same time. There is no need to wait for a single server or centralised collection of servers to authorise transactions. These systems significantly reduce the transaction time enabling seamless execution across platforms, chains, and globally. This is decentralised borderless transacting.

Blockchain verification ensures transactional security on the internet and the same applies to people’s data and this creates a platform for the openness of visas across the continent. Openness of visas is a strong contributor to the success to the success of intra-African trade and unity.

On this, we develop smart contracts designed to eliminate human error thus eliminating the contractual disagreements to zero. These contracts are immutable and distributed ensuring that once engaged, they cannot be altered maliciously or misinterpreted. This is an efficient way of engaging services from any expert/ supplier across the globe.

Juan Benet, founder and chief executive of Protocol Labs, talks about the Web 3.0 vision and how it relates to humanity going from a pre-computing civilization to a post-computing civilization.

A 20-week course on blockchain fundamentals including decentralization, cryptography, mining, smart contracts and consensus.

Web3 Foundation founder and President Dr. Gavin Wood discusses the ethos and vision behind Web 3.0 and proposes the Web 3.0 Technology Stack as a way to measure our progress.