Page 6 - June 2018 Disruption Report Flip Book

WEB 3.0 JANJUNAERY20210818
in establishing a comprehensive web, they face two critical weaknesses. One being that these identifiers are currently centralized, which as previously mentioned offers a single point of failure, and two they are not persistent. This means that if any event occurs to an existing IRI or URI, the persistence of that identifier cannot necessarily be guaranteed. However, with the progression of blockchain technology, these issues are slowly being resolved. For an ideal identifier system to be formed for the semantic web, the identifiers must be secure, human-readable, and decentralized. While most blockchain technologies currently enable only two out of the three characteristics, many are attempting to integrate the missing pieces of the puzzle. When this occurs, people have argued that something called the Semantic Blockchain will be formed...
...It took over ten years for the original web to transition to the 2.0 stage we reside in. If this transformation is indicative of the fundamental change necessary to go from 2.0 to 3.0, some would argue that we officially began this transition to 3.0 in 2015. While there is still speculation as to what the semantic web will be capable of, people perceive this new digital age as allowing information to be expressed in statements regarding resources. Today, resources on the web are identified by International or Uniform Resource Identifiers (IRI/ URIs), also formally known as URLs. While these IRI’s and URI’s have been beneficial
in establishing a comprehensive web, they face two critical weaknesses. One being that these identifiers are currently centralized, which as previously mentioned offers a single point of failure, and two they are not persistent. This means that if any event occurs to an existing IRI or URI, the persistence of that identifier cannot necessarily be guaranteed. However, with the progression of blockchain technology, these issues are slowly being resolved. For an ideal identifier system to be formed for the semantic web, the identifiers must be secure, human-readable, and decentralized. While most blockchain technologies currently enable only two out of the three characteristics, many are attempting to integrate the missing pieces of the puzzle. When this occurs, people have argued that something called the Semantic Blockchain will be formed.
In order for this to effectively take place, we must transition ourselves from a “syntactic web” (web of documents) to the “semantic web” (web of data). The semantic blockchain
is broadly defined as the use of semantic web standards on Blockchain-based systems. The standards promote common data formats and exchange protocols on the Blockchain, making use of the Resource Description Framework (RDF). The way in which this syntactic to semantic transition may occur is through the creation of interoperability between public and private blockchains. Currently, there are multiple projects that attempt to form this sort of architecture. The heterogeneous nature of this architecture would in turn enable many highly divergent types of consensus systems (blockchains) to operate in a trustless, fully decentralized “federation”, enabling open and closed networks to have trust-free access to each other, thus helping usher in the Web 3.0 era. (Medium, Josh Swiss, 07/30/17)
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