Web3 Identity
The underlying concept of web identity describes an online persona. The relationship between web identities and real-world entities (people, businesses, institutions) is not always well-documented. If someone wants to regulate what a web identity is doing through government systems, the government can try to discover the real-world entity behind the web identity and regulate that, or the government can seek to regulate the platform to force it to act on the web identity. If a web identity wants to interact with the government, the government has no way to verify the legitimacy of that identity as a citizen.
A web3 identity is a subclass of web identity, an online persona, but it's specifically online on a blockchain. And blockchains can be designed to allow more direct and confident interactions between web3 identities.
How is web3 identity relevant to the Network State?
A web3 identity can be different. With web3, both confidentiality and direct access are possible. Rather than an offline government seeking a real person to regulate, an on-chain government can act directly on a web identity in meaningful and binding ways. Conversely, citizens can interact with the onchain government as web3 identities, greatly increasing the efficiency and security of participation in governance.
Last updated