Behind the Japanese Prime Minister's efforts to Web3, two questions about web3

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Japan's new Prime Minister Fumio Kishida has shown great interest in Web3 and the next-generation Internet represented behind it. In just two weeks, Fumio Kishida has refreshed the world's perception of Japan's Web3. The Japanese Prime Minister, who has been in office for less than a year, has intensively promoted a series of blockbuster "actions" .

On May 26, Fumio Kishida made a statement before the Budget Committee of the House of Representatives (lower house), saying: "The advent of the Web3 era may lead to (Japan) economic growth, and we believe that the integration of new digital services such as the Metaverse and NFTs will provide the Japan brings economic growth. As we enter the Web3 era, I feel strongly that we have to push this environment firmly from a political standpoint.”

So here is an important discussion, mainly two questions. The first question is what is Web3. The so-called Web3 is simply the next Internet era. It is normal to develop from Web1 to Web2, and then enter Web3. An era driven by technological evolution, that is to say, our Internet has moved from the PC Internet era to the mobile Internet era, and then to the individual sovereign Internet era. This is a very normal development law, and it is also a law without doubt.

Whether it is the metaverse era or the so-called NFT products or technologies, the core behind it is inseparable from the arrival of the Web3 era. If there is no Web3, then the metaverse cannot be realized in a real sense. If there is no Web3, it is difficult for the transaction value of big data to truly become the oil of the new era.

The second question that follows is, since Web3 is the next era of the Internet, the Japanese Prime Minister proposed that Japan should build Web3, and said that this may lead to Japan's economic growth. Is this idea correct and can it be realized in Japan? ? This has to go back to the core level of Web3, that is, the Web3 I mentioned earlier is simply an individual sovereign Internet.

As for what is an individual sovereign Internet, in simple terms, the current Internet is not an era of individual sovereign Internet, but an era of platform sovereign Internet. Each of our data and information does not belong to us, but is forced to be sold to major platforms for free. . The current big data exchange that can be realized is also a BtoB big data transaction mode, that is, after the platform has mastered the user's usage data, processed it, and then passed its own internal advertising trading system or an external big data trading system. , and then sell these user-related data.

If we understand these user usage data as the user's digital virtual twin, it means that the current user of our digital virtual twin does not have sovereignty, and our virtual digital twin is used as a commodity by different platforms Just as random for sale.

However, in the Web3 era, it is not. It is an era of individual sovereign Internet. Its technical underlying architecture is based on blockchain and NFT, which means that every user's behavior on the Internet is uniquely labeled . For example, today I published a text, sang a song, said a paragraph, no matter how it was reprinted, no matter how it was copied, the moment I sent it out, it was marked with the sole ownership. According to the painting, everything after that is only Simulation paintings are just copies, and I always hold the most initial data rights.

This includes the behavior of users on all platforms, such as the adult products purchased by users on the shopping platform. In the current Web2 era, this kind of behavior and personal privacy data are transparent to the shopping platform. Yes, and the shopping platform will process such personal behavior data and personal information and sell it to merchants, so when people buy adult products, they will receive push information about related products from time to time. This not only makes the privacy of the individual unprotected, but also helps the merchant to count the money when the individual is sold, and this is the current situation. However, in the Web3 era, it is different. The right to use these data is not owned by the platform business, and all behavioral data of people are personal sovereign data.

Therefore, to put it more simply, Web3 is to build the user's digital twin sovereignty in the Internet era. When the user's data behavior power on the Internet belongs to the individual, we can decide whether to sell our behavior data at this time. That is to say, in the Web3 era, everyone can enter the data exchange to sell their own behavior data, and this transaction method is peer-to-peer, which is a way to directly bypass the platform merchants.

Then this method is likely to be implemented first in Japan. Generally speaking, in the institutional system with relatively clear property rights and individual sovereignty, Web3 is relatively easy to implement, and the resistance of the commercial system and regulatory system will be relatively small. In fact, the biggest resistance of the current Web3 technology is these platform giants in the Web2 era, they are unwilling to give up the user behavior data model obtained for free.

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