Web4, a vision of an intelligent, decentralised web

Web4, a vision of an intelligent, decentralised web

AI and the Symbiotic Web are key technologies that will drive the development of Web4, the next generation of the World Wide Web

Web4, also known as Web 4.0, is a term used to describe the next generation of the World Wide Web. It is a vision of an intelligent, decentralised web that is more secure, private, and equitable than the current web.

Web4 is built on the following key principles:

  • Decentralisation: power and decision-making are distributed among multiple participants rather than being centralised with a few large tech companies.
  • Interoperability: devices and services can work together seamlessly, regardless of their underlying technology.
  • Self-sovereignty: users have control over their data and identities and are able to use them across different services without the need for a central authority.
  • Privacy: users’ data is protected and kept private, rather than being collected and sold by companies.
  • Transparency: users are aware of how their data is being used and have the ability to control it.

Web4 aims to provide a more secure and private web, where users have more control over their data and how it’s used. It also aims to create a more equitable web, where access to information and services is not limited by wealth or location.

Web4 is still a concept, and many experts believe that it is still in the development stage. Some of the technologies that are being developed to make Web4 a reality include blockchain, peer-to-peer networks, and decentralised AI.

The Symbiotic Web

The Symbiotic Web is a concept that envisions a decentralised and distributed web where users have more control over their data and privacy. The idea is to create a web where users can share their data with other users or services in a secure and mutually beneficial way rather than having their data controlled by a central authority.

The Symbiotic Web is based on the idea of a web of relationships between users, devices, and services, where each participant has their own autonomy and agency. The goal of the Symbiotic Web is to create a web that is more resilient, secure, and fair for everyone by giving users more control over their data and how it is used.

The Symbiotic Web is built on several key principles, including:

  • Decentralisation: power and decision-making are distributed among multiple participants
  • Interoperability: devices and services can work together seamlessly
  • Self-sovereignty: users have control over their data and identities
  • Privacy: users’ data is protected and kept private
  • Transparency: users are aware of how their data is being used

AI and the Symbiotic Web

To me, Web4 and the Symbiotic Web are relatively new concepts, and they are closely interlinked in many ways.

The Symbiotic Web is a concept that envisions a decentralised and distributed web where users have more control over their data and privacy. The idea is that users can share their data with other users or services on the web in a secure and mutually beneficial way.

Artificial intelligence (AI) can play a role in achieving decentralisation in the Symbiotic Web by allowing for more sophisticated and decentralised decision-making. For example, AI algorithms can be used to analyse and make decisions on data shared by multiple users in a decentralised network without the need for a central authority.

One way that AI and the Symbiotic Web can work together is through the use of decentralised AI models. These models are trained on decentralised data and can be shared and used by multiple users in the network. This allows for more accurate and personalised AI services while also maintaining user privacy and control over their data.

Another way is through the use of decentralised AI protocols. These protocols allow users to share and collaborate on AI models and data in a decentralised network without the need for a central authority. This can lead to more accurate and robust AI models, as well as more equitable access to AI services for all users.

Final thoughts

AI and the Symbiotic Web are considered to be key technologies that are driving the development of Web4, the next generation of the World Wide Web.

AI has the potential to enable more sophisticated and decentralised decision-making on the Symbiotic Web by allowing for the analysis of data shared by multiple users in a decentralised network without the need for a central authority. This can lead to more accurate and personalised services while also maintaining user privacy and control over their data.

 

Source: https://e27.co/web4-a-vision-of-an-intelligent-decentralised-web-20230130/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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OriginTrail (TRAC) price prediction: first ever decentralised knowledge graph

OriginTrail (TRAC) price prediction: first ever decentralised knowledge graph

OriginTrail is the world’s first decentralised knowledge graph  that uses a decentralised protocol to build transparency in the supply chain.

The OriginTrail network is powered by the Trace (TRAC) cryptocurrency, which enables true decentralisation and is an ERC20, Ethereum-based cryptographic coin.

Developers note that OriginTrail is more of an ecosystem than a company, which is based on a token economy with shared relations between users and network nodes. The ecosystem is based on a neutral Web3 protocol that enables safe data sharing between companies, organisations and blockchains via a decentralised knowledge graph network monitored by artificial intelligence (AI) and oracles.

The TRAC coin saw a bearish trend following its initial coin offering (ICO) at $0.10 on 17 January 2018 and fell to $0.01997 by the same time the following year. The coin then kept decreasing until it reached its all-time low value of $0.00556 on 13 March 2020.

TRAC started to gain momentum by the end of 2020 and reached its all-time high of $2.6809 on 1 November 2021 as the ecosystem participated in the NFT NYC gathering for non-fungible token enthusiasts, gaining much exposure.

After hitting its all-time high in November, the cryptocurrency’s price started to fluctuate, dropping to $0.7955 at time of writing (21 January 2022). But can it regain its momentum, and what factors are shaping OriginTrail price prediction going forward?

What is OriginTrail (TRAC) coin?

The OriginTrail core team, consisting of four professionals within the supply chain, blockchain and management sectos Žiga Drev, Tomaž Levak, Branimir Rakić, and Jurij Škornik, believe that amid globalisation, trade supply chains are facing an increasing complexity, which heightens information asymmetry.

After five years of working alongside supply chain clients, the project’s team identified that much of the data in supply chains was fragmented and was lacking a suitable decentralised solution that would provide the perfect performance, scalability and trust for interconnected data in supply chains while also being cost-effective.

With that in mind, OriginTrail was created.

The first of its kind, the ecosystem’s technology uses a decentralised knowledge graph (DKG) that makes global supply chain data structured, linked, persistent and understandable. What this means is that OriginTrail created a decentralised protocol made for sharing supply chain data based on blockchain, making the global supply more transparent.

In short, OriginTrail allows IT providers to easily set up blockchain-supported data-sharing supply chains, and supports data of various formats, from those  used for supply chain tracking to documents and official certificates.

While using the OriginTrail Decentralised Network (ODN), an implementation of the DKG, people can look for information across a number of systems, exchange it through several data exchange protocols and integrate it into their own local knowledge graph or data store.

The ODN is an open-source protocol that uses decentralised nodes that allow companies and organisations to share information between themselves safely.

OriginTrail’s native cryptocurrency, TRAC, powers the decentralised knowledge graph (DKG) and drives the entire ODN as a utility token. The coin also acts as a collateral that keeps data creators honest and their data immutable.

The TRAC coin can be used on the ODN in several ways:

  • For participation: data creators must own TRAC in order to be able to participate in the ODN.
  • For publishing data: data creators must pay in TRAC for their data to be published on the ODN, which is locked in a smart contract until the completion of the data.
  • For collateralisation:  data holders will have to pay a fee in TRAC to prevent data tampering.
  • As a Polkadot Native Token: OriginTrail plans to bid for a parachain slot on the Polkadot network that will introduce a “wrapper” form of TRAC.
  • For staking: this will be introduced in the upcoming Version 6.0 of the ODN (2022).
  • For monetisation: ODN users will soon be able to monetise their data either by charging certain individuals to access it, selling it or introducing fractionalised ownership over data to different parties.

A total of 500 million TRAC tokens are available. The coin has a market capitalisation of over $289m (as of 21 January 2022) and is ranked 161st on CoinMarketCap with a market dominance rating of 0.02%.

OriginTrail is used by a number of major companies and organisations including Home Depot, Walmart and Target, as well as the US Department of Homeland Security.

TRAC price: Price analysis

During its four years in circulation, the TRAC coin suffered quite the journey, reaching its all-time low value of $0.00556 on 13 March 2020, a 94% decline from its ICO price of $0.10 on 17 January 2018.

On 16 May 2018, OriginTrail announced that its team would participate in a number of high-profile events in Asia from May 23 until June 21. However, that did not aid the coin’s price as it dropped to $0.1255 on 21 June 2018.

For the next three years, TRAC’s price continued to decrease despite OriginTrail being the first blockchain start-up to be awarded Walmart’s Food Safety Innovation Spark Award , participating at the GS1 Global Forum in 2019 and partnering with the British Standards Institution (BSI).

The token stayed on a bearish trend until its price started to gain momentum at the start of 2021 after the ecosystem released its development update for the coming year announcing that Starfleet, the programme that will bring the ODN to the final stage of its initially envisioned protocol implementation that will operate in a multi-blockchain environment, will be released in early Q1 of the following year.

Since then, the coin’s price steadily grew, reaching its first $1 value on 25 October 2021, but it was not until 2 November 2021 when the token reached its all-time high of $2.6809 amid OriginTrail’s participation at the annual NFT NYC event. This was a 2,580% surge since its ICO.

In addition, on 2 November TRAC became available in supported regions on Coinbase Pro, which also triggered the token’s jump in price.

The cryptocurrency’s value fell to $1.4127 on 18 November 2021 and kept declining despite new partnership arrangements with Acala in late November. Since the all-time high in November, TRAC has  lost 75.27% of its value, as of time of writing (20 January 2022).

Technical analysis provided by CoinCodex shows that short-term sentiment on TRAC is bearish, with 22 indicators showing bearish signals and nine showing bullish signals at time of writing.

In most recent TRAC coin news, OriginTrail announced on 27 December 2021 that it would start the launch of version 6 of the DKG, bringing the token’s price, which had been falling since its all-time high in November, up to $1.3046.

OriginTrail (TRAC) price prediction 2022-2030

Despite recent bearish results, algorithm-based forecasting service WalletInvestor gave a bullish TRAC token price prediction, saying that it is an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the forecasting service predicted that TRAC could cost $1.858 next year and $5.170 in five years.

DigitalCoinPrice’s forecast also anticipated bullish results for TRAC, noting that the TRAC crypto price prediction for December 2022 is $0.4239. The coin’s price could rise to $0.6886 in December 2025, according to the site.

Although no TRAC crypto price prediction for 2030 is currently available, DigitalCoinPrice estimated that the coin will reach $1.22 in December 2029.

Please note that price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

Analyst views on TRAC

Jenny Zheng, co-founder of Blockcast.cc and an early blockchain advocate, said that TRAC may continue to grow in 2022 if Covid-19 continues to restrict travel and affect work processes.

“In 2022, they have envisioned a customised purpose-built network on Web 3.0 called ‘decentralised knowledge graph’. The combination of blockchain and knowledge graphs will help to better allocate resources and help traditional companies understand how blockchain can be easily integrated into their current setup,” she told Capital.com.

BigONE Exchange chair Anndy Lian said that TRAC has the potential to grow if OriginTrail focuses its problem=solving on “more teething problems such as storage efficiency”.

Lian added that if OriginTrail can manage to get “top supply chain companies to try their tech offerings, they can reach their all-time high again even if the market is bearish”.

“TRAC’s most recent spike in value was on 27 December, when it reached $1.4748. Due to this, we can expect the token to reach $1.2 at the most throughout February of 2022, assuming it breaks the $1 price barrier,” Invezz crypto analyst Milko Trajcevski told Capital.com.

 

Original Source: https://capital.com/origintrail-trac-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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28th EMBA Sharing Session: Blockchain Regulations & Polices- Decentralised, Tokenised, Commerialised

28th EMBA Sharing Session: Blockchain Regulations & Polices- Decentralised, Tokenised, Commerialised

Anndy Lian will be speaking to groups of businessmen, entrepreneurs, technologists on regulations and policy for blockchain and cryptocurrency. He will also guide them on how to commercialize their existing business using new tokenisation models and how DECENT solutions can fit nicely into what businesses need.

”Due to the coronavirus, many activities are halted. But businesses got to go on, innovations too. During this downtime, it is the best time for businesses to learn new things and develop their technological needs. I look forward to the sharing tomorrow.” Anndy Lian said.

Anndy is an intergovernmental blockchain advisor. He currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region. He is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce.

Currently, he is also the CEO & Chairman, Asia for DECENT Group, an international blockchain solutions company that has been around in the market since 2015.

This is an EMBA sharing session, organised by GBHB and curated by Blockcast.cc. The session will be held on 12 March 2020, 9 to 10 pm Singapore Time.

For more information, you can reach Anndy Lian directly at www.anndy.com/contact.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j