Web 3.0 reveals its power and utility through decentralization and proof of digital ownership of any property. Web 3.0 juxtaposes against the current tech giants such as Facebook, Google, Twitter and YouTube, who both massively monetize private information and can “cancel” voices at any time. In this segment, conference speaker Darren Chiu explains how Web 3.0 platforms are decentralized and confirm digital ownership—with the individual—of virtually any asset. The secret to Web 3.0 is that the platforms are established and held up by the community themselves. They amplify the “trustless” revolution that blockchain is ushering in, where trust is forged precisely because the code allows you to not have a person or entity over it who has to be trusted.
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