Web 3.0 – New Applications require New Architecture and Infrastructure
Social Media and various advertising channels have contributed and created a society that grappel with short attention span, which creates a challenge in the now world of the data economy. The need for information and data has grown exponentially, and terms like Web 3.0 or 4IR and the subsequent versions of these terminologies puts technology and the gush of information at arm’s length. Data processing, information in driving business decisions is critical and needs to be impactful. Can the data and information be trusted and in addition can the source of the data be trusted?
Timing of relevant data being used as information is the big question, data processing at the edge requires a different architecture. Current business applications architecture does not lend itself to data being processed at the edge. We are in the data economy where people, organizations and nations pay for data and information.
Technologies that have been around have taken on a new resurgence in the form of Blockchain and cyptocurrencies, and this has opened the new possibilities of DeFi (Decentralized Finance), DAO’s (Decentralized Autonomous Organisations), borderless transactions and various other implementations of using data to drive decisions and possibly drive you to your next meeting or party.
Using the same plumbing to manage the tsunami of data does drive the increase in infrastructure, but does the architecture work? If I’m in a self-driving vehicle I need split second response time, not waiting for the data to be processed that I’m about to end up in an accident. Application virtualization through containers and micros services architecture has made this possible, but how many vendors have seen this as the solution?How do I as a consumer benefit from Web3.0 and my data being used with my permission and in the right context? Can I demand to be paid when my data is used? Can I participate in this data economy?
There are few who have recognised this, using elements such as AI in the right context, allowing individuals to participate through their own digital twin and using Blockchain and cryptocurrency to benefit the person. But only one organisation thus far has been able to deliver to this promise, this has been a decade in the making.
IETSA believes in helping people to participate in the global data economy through skills development and practical real-world skills programs in becoming workplace ready or entreprenueral. Collaborating with our partners, IETSA’s mission is to drive inclusive participation of communities in the data economy across South Africa and Africa. We will see many of our members passing through the programs that we have developed to participate in the Web 3.0 data economy.
“To create humane technology, we need to think deeply about human nature, and that means more than just talking about privacy. This is a profound spiritual moment. We need to understand our natural strengths – our capacity for self-awareness and critical thinking, for reasoned debate and reflection – as well as our weaknesses and vulnerabilities, and the parts of ourselves that we’ve lost control over. The only way to make peace with technology is to make peace with ourselves” – Tristan Harris
IETSA believe in people and how as individuals we build homes, communities, societies, nations, continents and the world. Join us today and help us help that one person.