Earlier this month, Zoë Corbyn from the Guardian, wrote a piece focusing on decentralization of the internet. Per that post, Corbyn approached talked about the untapped potential for digital transformation and disruption, but asked the question, “where are we headed next?”
As the news broke in late July that Google would run a censored version of their search engine in China, 800+ web builders gathered to discuss a completely decentralized web and what the specifics would look like.
If the decentralized web (or DWeb) is done correctly, consumers will have direct access to their encrypted information as well as a public digital ledger of transactions, tracking ownership securely in an environment without trust. Security breaches would become a monolithic as it takes sensitive information out of the hands of these internet-gatekeepers like Google or Facebook. As revolutionary as this sounds, it will not happen overnight nor will it happen without growing pains. The DWeb would completely disrupt our internet experience, but with any groundbreaking technology, it was many hurdles to overcome. It is difficult to construct a decentralized internet because everything is not stored in a central repository. “Right now humanity lives at Facebook,” says Mitchell Baker, chairwoman of the Mozilla Foundation. Many apps designed for the decentralized web are still clunky and unrefined, limiting the user experience.
For the DWeb to gain traction, it must focus on its advantages over the internet we use today. As each user would have their own ledger updating in real-time, this decentralized internet would in theory but much faster than what currently exists. In addition to an increase in speed, the DWeb protocols use links that identify information based on its content: this content-focused approach allows computers to pass and store information as opposed to being held on a single server.
There are very few companies that are actively investing in blockchain and other decentralized applications, with the lion’s share being IBM at around 32 percent. Find out more on why IBM chooses to partner with CDM Media to find exclusive and congruent one-on-one meetings with the industry’s top solution providers.