Innovative trends

With the growth of blockchain, several ideas have emerged that make use of the decentralization aspect of blockchain to provide more user-centric and fully decentralized services. Some of the key ideas in this space are the decentralized web, decentralized identity, and decentralized finance.

Decentralized web

Decentralized web is a term that’s used to describe a vision of the web where no central authority or set of authorities will be in control. The original intention of the Internet was indeed decentralized, and the development of open protocols such HTTP, SMTP, and DNS meant that any individual could use these protocols freely, and immediately become part of the Internet. This is still true; however, with the emergence of a layer above these protocols called the Web layer a more service-oriented infrastructure was introduced, which inevitably led to large profit-seeking companies taking over. This is evident from the rise of Facebook, Google,...