What is Web3?

The next edition of the web/Internet is called Web3.

Web3 has a number of important features, including:

Web3 - Significant distinctions between Web1 and Web2

Web3 is a Semantic Web. Enabling users to discover, share, and integrate data more easily is the main goal of the Semantic Web.

How did Web1 and Web2 handle identities?

In the early days of the Internet, businesses and websites would provide customers with digital credentials to access their services. Before social media, joining in online activities and conducting business typically involved logging into a specific website or using email.
How does Web3 manage digital identity?

Blockchain technology drives Web3. Aside from financial applications, digital identity is among the most often cited use cases of blockchain and distributed ledger technology.

The Self-sovereign identity (SSI) mechanism is best suited to Web3. A person or company retains more control over their accounts and personal data using the SSI method of managing digital identities.

Conclusion

Next-generation digital identity management might develop into a fully decentralized peer-to-peer networking system with Web3 adoption, giving individuals total control over their digital identity rather than having it kept on a centralized server.

By allowing users to own their own keys, SelfKey is creating a self-sovereign digital identification system that will give users better custody, reliability, and confidence. This system aims to give people back control over their identities.


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SelfKey is a fast-growing blockchain startup developing digital identity solutions. We empower individuals and corporations to take back ownership of their identity data.
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