Amazing Blocks

[Amazing Blocks @AmazingBlocks]

📖Companies using DAO platforms to compartmentalize & automate certain parts of their business can achieve fast scalability & be leaner without sacrificing quality of service.
However, there are a few obstacles […], for now.

Joe Liebkind / @Investopedia
https://t.co/GLzShNxWGU

[Amazing Blocks @AmazingBlocks]

🗞@AmazingBlocks - #NEWS

🟥Digital identity in the #Metaverse will be represented by #avatars with utility
https://t.co/69y5TyednA

🟥The future of #DigitalIdentity 2022
https://t.co/CQJphBT0R7

🟥The #EU digital ID #wallet is coming
https://t.co/82AM8vuF1w

[Amazing Blocks @AmazingBlocks]

📖Difference of #Web3 and #Metaverse

Objective

A major advancement of web2, the Web3 is the next-generation #technology that wants a #democratic and #decentralized internet environment.

The Metaverse system wants to establish a #3d world or #Virtualreality for users.

[Amazing Blocks @AmazingBlocks]

3
Get the full #whitepaper here: https://t.co/roN8hiwOw9

#AmazingBlocks

[Amazing Blocks @AmazingBlocks]

📖 #Whitepaper Tokenization:
The contemporary #tokeneconomy

The need for #education

#Tokens in general are not new; they have existed for centuries and represent different forms of economic value.
⬇️ #AmazingBlocks

[Amazing Blocks @AmazingBlocks]

2
This is where #tokenization finds its role as - with the age of #Web3.0 - we are moving toward the #token #economy.
Within it, any form of value and #data will have an identity in the form of #cryptographic tokens on a distributed #ledger (a sort of bookkeeping
system).

[Amazing Blocks @AmazingBlocks]

📖A true #DAO has only a single interest to protect: that of the business itself. It requires no employees or executive managers, thereby providing a service without consideration of salaries, intermediaries, or even profits.

Joe Liebkind / @Investopedia
https://t.co/GLzShNxWGU

[Amazing Blocks @AmazingBlocks]

🗞@AmazingBlocks - #NEWS

🟥How #digital can close the 'identity gap'
https://t.co/EDaeQC79BD

🟥How to incorporate a #DAO and issue tokens to be ready to raise money from #VCs
https://t.co/eDGTeYgx1h

🟥How open #banking can leverage #digitalidentity
https://t.co/nr0qLeKAPt

[Amazing Blocks @AmazingBlocks]

How will #Web3 and #Metaverse come together?

This is where #NFTs – non-fungible tokens – come into the picture. Another key element of the web3 vision, NFTs, make it possible for unique items to exist in digital worlds.

Read more about it here: https://t.co/BytAwmZHPt

[Amazing Blocks @AmazingBlocks]

📖Three methods of #dataprotection

Zero-knowledge proofs allow for computation on sensitive data without revealing the actual values. Embedded encryption allows for control to be retained over access to information, while the revocation of data is handled by using a key system.

[Amazing Blocks @AmazingBlocks]

📖The final goal is an #organization that requires no human input whatsoever and can not only function well but also make thoughtful changes to its structure without prompting.

Article by Joe Liebkind for @Investopedia
https://t.co/GLzShNxWGU

#DAO #decentralized #AmazingBlocks

[Amazing Blocks @AmazingBlocks]

🗞@AmazingBlocks - NEWS

🟥Grappling with trust in world of #digitalidentity
https://t.co/wWF9YOaUfd

🟥How #DI verification is key to safeguarding the future of #cryptocurrency
https://t.co/zW6GmEtXZx

🟥#Google; time is right to bring back #Wallet
https://t.co/HsjGT0jhaE

[Amazing Blocks @AmazingBlocks]

The #metaverse at the moment is a shorthand for #virtual worlds, where users can interact with each other & engage with apps/services in a far more immersive way. The term “metaverse” first appeared in Neal Stephenson’s sci-fi novel Snow Crash, describing a virtual reality world.

[Amazing Blocks @AmazingBlocks]

#Web3 will be the 3rd major evolution of the internet, after the worldwide web (web1) & the user-generated web2, web3 is the decentralized internet – built on distributed technologies like #blockchain & #DAO rather than centralized on servers owned by individuals or corporations.

[Amazing Blocks @AmazingBlocks]

Instead of having multiple IDs for each #network, app, or service they use, individuals can have one #DID with validated #identity claims, and use it to securely sign up for #apps, social networks, and other services.

[Amazing Blocks @AmazingBlocks]

📖A decentralized identifier is a technology designed for the secure management of digital identity.
DIDs are issued on the #blockchain with strong protection & encryption so that only authorized applications or individuals can access information associated with those identifiers

[Amazing Blocks @AmazingBlocks]

#DIDs bring immediate benefits when it comes to #authentication and signing into websites or applications without #passwords, a process prone to security risks as well as user error (such as forgetting an #ID/password combination).