With the growing adoption, the volume of transactions is growing rapidly and a whole new data lake of information is created, Leveraging this lake of timestamped data offers great potential for technologies like DA and ML.
You don't just become "the new financial system" because you're ""decentralised"" or have some fancy solution for people to swap tokens and gamble on a crypto exchange.
It's much larger than that.
Continue if you dare to challenge yourself.
$Qnt
👇
You must watch videos and listen to understand that it's not just as simple as above.
It is about rearchitecture of frameworks and infrastructure, commonly termed as "critical national infrastructure"
These are systems that must stay running 24/7
$Qnt
Credit to @OfMiklos and @CryptoCoight for the above, a select video of many, but one that focuses on the much larger necessity of a convergence of many technological advancement being physical infrastructure literally connecting countries or virtually.
To accelerate this vision, Avast acquired Evernym in late 2021, and more recently acquired @securekey in early 2022. Both companies were founding members of DIF and member organizations of W3C, with Evernym also a founding member of ToIP.
“The days of walled gardens and platform-centric identity services are over,” said Drummond Reed, Director, Digital Trust Services, at Avast. “The future is decentralized "
And if any of this is news to you, you may want to sit down to understand that #DID's, Decentralised Identifiers are the first approved and recommended Identifier since the #URL.
I think theres a severe distrust issue amongst society probably from the growth of the internet and social media along side data violations beyond any users control
This doesnt mean the framework/ infrastructure is not trusted, its just in need of redesign
In my humble opinion, there should be the similar chatter of the #satoshi paper of 2008, for the #approval and #recommendation from the @w3c on the first identifier since the #URL.