Web3, the third generation of the internet, is gaining significant global significance due to its potential to revolutionize various industries and enhance the capabilities of the internet. The concept of web3 is rooted in two important concepts – reach and universality. These concepts, as outlined by David Deutsch in his book “The Beginning of Infinity,” have relevance to web3 and blockchain technology.
The reach of knowledge is a key aspect of web3. In the context of knowledge, reach refers to the ability to transmit information globally. The internet has already provided a global reach of knowledge, allowing anyone with access to a device and connectivity to access information. However, without the tools to understand and interpret the information, the knowledge remains inaccessible. Web3 aims to bridge this gap by providing tools such as blockchain networks and decentralized applications (dApps) that enable individuals to interact with and understand the information on a deeper level.
Universality is another important aspect of web3. Universality refers to the ability to encode knowledge in a universal framework. While our current languages and alphabets are universal to a certain extent, they have limitations in expressing certain concepts. Emojis, for example, can convey emotions but are not universal in describing complex ideas. On the other hand, computer programming languages are universal and can be used to describe and execute a wide range of tasks. Blockchain networks, like Ethereum, provide universal, Turing-complete programming languages upon which smart contracts and dApps can be built and executed in a decentralized and permissionless manner.
The reach and universality provided by web3 and blockchain networks have significant implications. These networks offer a global platform for computation, enabling various applications and use cases. They have the potential to transcend geographical, political, and cultural borders, allowing individuals to have an entirely digital existence without dependencies on states. The neutrality of blockchain networks also ensures that they are not overly influenced by a single actor or state.
Despite the criticisms and challenges faced by blockchain networks, their reach and universality make them incredibly significant globally. As these technologies continue to evolve, overcome limitations, and become more accessible, they will underpin our everyday lives in various ways. The constant improvement and refinement of blockchain networks will enhance their reach, universality, and resilience, making them increasingly valuable to users and businesses.
It is important to note that understanding the concepts of reach and universality, as discussed by David Deutsch, requires further exploration. Reading Deutsch’s book “The Beginning of Infinity” and exploring related content, like the ToKcast podcast, can provide a deeper understanding of these concepts and their implications for web3 and the future of technology.
In conclusion, web3 and blockchain technology offer global reach and universality, enabling new possibilities for knowledge transmission, computation, and digital existence. These innovations have the potential to transform various industries and redefine the way we interact with the internet. As web3 continues to evolve, its significance globally will only increase, driving further innovation and growth in the digital realm.