Even as the idea of Web3 appeals more and more, the co-founder of Twitter, Jack Dorsey, submits the concept of Web5. The aim here is to give Internet users power over their identity and their data in a fully decentralized universe.
Co-founder of Twitter and now head of Block, a company specializing in mobile and electronic payment, Jack Dorsey is also a great evangelist of bitcoin and cryptocurrencies in general. It is therefore he who is at the origin of this term Web5, the perfect addition of Web 2.0, known as “social”, as we know it today and Web3, already fantasized by many.
This new evolution of the Web would be, according to him, made up of completely decentralized protocols and applications, within which the users of content and services would definitively own their identity and all of their data.
But to achieve this, it will still be necessary to “recover” control of this data, which today belongs to large groups with which Internet users have opened a whole host of accounts. This is also the criticism made by Jack Dorsey about Web3. “Nobody owns ‘Web3’. Venture capitalists and limited partnerships own it. [Le Web3] will never escape their incitements. It is ultimately a centralized entity with a different label. Know what you’re getting into…”, he tweeted last December.
Ownership and control of their identity and data
Technically, the Web5 would be a decentralized Web platform, made up of multiple applications that are also decentralized, thus giving individuals ownership and control of their identity and their data, which they will be the only ones to store. The same identifiers, certified, would thus be used for all the services offered and would only be held by the users themselves. The data would circulate in a fully encrypted way while bitcoin would be the default exchange currency.
Real technological progress or pious hope, see you in a few years…