SeLF-SOVEREIGN Communities of Trust
Groups of people worldwide are creating digital communities of trust imbued with specific values and goals. They’re creating and self-funding their own decentralized financial system. Digital pioneers are creating a parallel digital economy that will co-exist and increasingly interoperate with the physical economy.
A digital economy of ideas orchestrated by efficient, transparent, and accountable algorithms powering trustable intermediaries replacing our aging medieval institutions. A digital economy of ideas is coming to life and illuminating the way to an infinite digital frontier.
Few would debate that Web2, powered by massive global data monopolies, took a wrong turn along the way.
Neither the public sector nor the private sector has figured out how to grapple with the Pandora’s Box of privacy breaches, disinformation, monopolistic practices, and algorithmic biases that have come to define much of the Internet.
Meanwhile, authoritarian governments have never had more data with which to surveil, censor, and manipulate their citizens and those of other nations.
We need to have a serious conversation about the role we want technology to play in open societies. In this sense, web3 isn’t just a new wave of innovation. It’s an opportunity for a reset that allows us to obtain profound new benefits while solving some of the thorniest problems arising out of the technologies of the past.
What it means to be human in a digital world will change based on what we chose to create. And Web3 technologies provide the foundation to organize, fund, and create anything we can imagine.