On September 29, this year’s Web3 summit came to China for the first time and will be officially held in Shanghai. As the world’s top industry summit that focuses on Web 3.0 topics, whether it’s guest-level or core topics, each year’s Web3 summit represents the latest developments in Web 3.0 and the most authoritative views. From Gavin Wood’s 2018 Substrate 15 minutes demonstration to this year’s “open”, “open source”, “interconnected”, you can understand what kind of development Web 3.0 has experienced only from the summit every year.
Take a new step in Web3.0
The focus of the Web3 summit has accelerated the arrival of this milestone to a certain extent.
A summit brought together many key leaders such as the founder of the Polkadot Project Gavin Wood, the founder of IPFS and the CEO of Protocol Lab Juan Benet, and the protagonist Edward Snowden of Prism Gate, bringing the most cutting-edge and leading key opinions.
Second, every year, developers and researchers working on the underlying protocol, as well as other people interested in the latest development of the decentralized Web, will gather together to participate in this immersive collaborative gathering focused on the Web3 technology stack. The content ranges from Lay0-Lay3, with diverse and comprehensive perspectives.
With the continuous exploration of innovators, each Web3 conference brings new sources of creativity. Similarly, thanks to these innovative creative fun, everyone always feels the reason for the existence and holding of the conference. Two The spirit of the summit will become clearer with the arrival of the 2020 Shanghai Web3 Summit.
In 2020, Web3.0 points out a new direction-from promoting a fully functional and user-friendly decentralized web to promoting a well-functioning and user-friendly Web3.0 network, creating a new generation of the Internet .
Spy on the steps of Web3.0 from the main line of previous summits
2018 – Developers Conference Leading the Way by Technology
In 2018, there was very little knowledge about the real blockchain technology in the circle, and most of the discussions around the cryptocurrency, the blockchain known as subversive innovation, but there is no subversive software or development framework, academic research on the “chain” Climate and blockchain development and programming only affect developers, investment institutions with technical backgrounds, professional computer scientists, etc. The industry urgently needs pathfinders that evoke industry vitality.
The arrival of the Web3 Summit in 2018 can be described as the right time. Gavin Wood, which has been developed on the blockchain of Ethereum, Parity, and Polkadot, in the very chronological venue of the Funkhaus Broadcasting Building in Berlin, convinced the participants Introducing Substrate, the most shocking thing is that Gavin Wood used a brand new Macbook laptop to write a new blockchain in 15 minutes. The report at the time wrote: ” The audience sitting in the front row of the scene was even a little out of breath. Gavin Wood completely blew up the audience.”
It can be said that the 2018 Web3 Summit inspired a wave of blockchain innovation with Gavin Wood’s chain-building work, which injected excitement into the industry, followed by the emergence of various development teams, focusing on the prosperity of the underlying innovation of Web3 . Trent McConaghy, the founder of Ocean Protocol Lab, once praised, “With Substrate, Pokaldot has allowed the entire blockchain developer ecosystem to move forward for 2-3 years.”
2019-The core standard of Web 3.0 is gradually established under the concept of evangelism
In 2019, the technology stack related to Web 3.0 has become more abundant, and developers have gradually realized that Web 3.0 requires not only technology, but also social movements. At the 2019 Web3 Summit, the appearance of the “prism gate protagonist” Snowden reiterated that data privacy is a core part of the Web3 movement.
At the meeting, he expressed his expectations for an open and free next-generation Internet. It is pointed out that the chaotic information on the Internet can interfere with people’s judgments. These wrong information hinders the path of learning for everyone and prevent each individual from making equal progress. Absolute security must be guaranteed by maintaining privacy. As advocated by Tim Berners-Lee, the father of the World Wide Web, let everyone have control over their own data; let all information be transmitted correctly, not by mistake; complete information is conducive to transparency in political advertising.
In 2019, from the privacy protection set off by Snowden to the display of applications such as IPSE by the founder of IPFS, the development of Web3 is entering the social movement stage of ecological construction. The Web Summit is jointly developing technologies that provide users with privacy protection and new economic and social models that represent the interests of users. This is an arduous task that requires coordination of numerous agreements and the support of different teams. Fortunately, at past summits, we have seen more and more high-quality projects appear, and spare no effort to explore forward in distributed storage, private computing, cross-chain expansion, and inter-chain communication.
It is this group of people who are immersed in the continuous output of the latest developments in technology, and at the same time attracting developers and partners to join the work with their own values. The pulse of two years of change is used by Juan, the founder of IPFS and the CEO of Protocol Lab. The topic description of Benet’s speech could not be more appropriate, that is, from ” What is Web3.0?” to “Building Web3.0” attention .
Looking ahead to 2020-the budding business on ecological infrastructure
In 2020, Web3.0 will achieve multi-dimensional breakthroughs in important technologies in the blockchain field. The Filecoin mainnet was officially launched shortly, and the distributed storage track ecology has entered a new stage; the Polkadot mainnet was launched as early as May, and the related ecology The construction and key technologies are being implemented in an orderly manner, and the situation is improving; and similarly, the application of blockchain in the financial field has achieved quite good results. Based on various industry changes, looking forward to the upcoming 2020 Shanghai Web3 Summit, we can also see some distinctive new trends.
In terms of the composition of participants, the participants of Web3 construction will be singularized by the majority of technology developers, and diversified into technology, capital, community, and scene participation . Discussions on topics such as “Web3.0 investment trends, Web3.0 communities and media” represent new observations of Web3.0 by professionals in different fields. Moreover, we found that the content presented this time is more internationalized, gathering other open source communities and Internet thoughts, that is, a two-way combination of domestic communityization and foreign technology.
Multi-directional extension from pure blockchain technology to Web3.0 technology stack. The arrival of Web3.0 is not only a single breakthrough in blockchain technology, but also technologies such as AI, 5G, and distributed storage are also crucial. At this summit, things like “blockchain and artificial intelligence” and “distributed recognition” “Knowing Smart City” and other topics, try to interpret the differences brought about by the key part of Web3.0 technology stack.
From the technical level to the extension of the upper application. The essential end of Web3.0 is to serve the society and individuals, that is, an attempt to extend the business model from the realization of technology, trying to let each user control his own data, identity and destiny. Combining the latest application trends, this summit set up major topics including DeFi, investment, etc., such as “The impact of blockchain on payment systems”, “Unlocking DeFi’s potential through data and new forms of mortgage”, and ” “Art + technology, blockchain culture, NFT and art market” issues are worthy of attention.
In short, we can see that the Web Summit is becoming less technical and low-level. In addition to spreading attention beyond the developer or geek circle, more people’s attention is also shifting to some commercial and application levels. It is precisely thanks to such summits that we can see these changes more concretely, and at the same time allow more people to explore new opportunities in them.
For more news about the 2020 Shanghai Web3 Summit, WebX Lab will follow up and report on October 29-30, so stay tuned.
