Source: Beijing News
Why is Web3.0 "the future of the Internet"
observer
Web3.0 provides new scenarios and opportunities for the development of the digital economy, but risks and challenges also follow.
Recently, with the rise of the metauniverse, Web3.0 has become a hot word among major manufacturers and investors.
Compared with Web1.0 and Web2.0, Web3.0 will be the Internet of "readability+writability+ownership", a new digital ecosystem that integrates multiple scenarios based on the concept of decentralization and digital technologies such as blockchain, and will become the Internet infrastructure owned and trusted by users and builders.
The reason why Web3.0 is so important is that it is a global change for the centralized digital ecology, so that the ownership and corresponding value distribution rights of digital content circulating on the digital network can really return to the digital content creators: let the creators and value owners achieve unity. This change is reflected in three aspects.
First, Web3.0 will reshape the "dominance attachment" relationship between users and platforms, forming a new digital identity system. Web3.0 has shaped a new vision of digital space, trying to build a new economic system where users and builders share property rights. Its biggest feature is the concept of decentralization, which delegates the power originally belonging to Internet service providers to users.
Secondly, Web3.0 will reshape the rule system of digital wealth and digital financial transactions, and establish a new set of digital property rights system. The concept and technology of decentralized Web3.0 will be specifically combined with financial business to produce "decentralized finance", which may lead to changes in the financial industry. The trading information of financial products will be more transparent and secure.
Finally, Web3.0 will reshape the boundary of economic and social activities in reality and digital space, and promote the integrated development of physical and digital industries. Based on distributed ledger technology, Web3.0 realizes the disintermediation of end-to-end access process through a new decentralized DNS root domain name governance system.
In general, the development of Web3.0 in China is currently more within the framework of digital economy development: people focus on how the infrastructure based on Web3.0 will help the digital transformation of the real economy and promote the development of China's digital economy. It is worth noting that the future development of China's Web3.0 industry faces two challenges.
First, from the international perspective, geopolitical risk factors are rising rapidly. At present, many countries are committed to developing independent Web3.0 industrial systems and adopting different regulatory policy systems, but international geopolitical competition may extend to the technical field.
Affected by events such as the conflict between Russia and Ukraine, non Western countries will seek more independent digital supply chain systems and multiple sources of digital service providers, which will bring new development opportunities for Chinese technology enterprises to enter the international market, but may also be affected by the mutual sanctions of major countries, exacerbating the international uncertainties of industrial development.
Second, from the domestic perspective, Web3.0 will have a certain impact on the existing governance system, and how to determine the new regulatory boundary will become a new topic. The decentralized concept of Web3.0 will bring new governance and regulatory challenges.
Therefore, when formulating the Web3.0 industry policy system in the future, how to balance development and security, efficiency and fairness, vitality and order, and domestic and international relations will be crucial to promote the healthy development of China's digital industry in the Web3.0 era.
Liu Dian (Distinguished Associate Research Fellow of China Research Institute, Fudan University)
