Decentralized Nation: Solving the Web’s Identity Crisis

11 Pages Posted: 22 Nov 2022

See all articles by Frederic Jumelle

Frederic Jumelle

Ydentity; Bright Nation

Timothy Pagett

Ydentity

Ryan Lemand

Neovision Wealth Management

Date Written: October 4, 2022

Abstract

The Web of today whether you prefer to call it Web 2.0, Web 3.0, Web 5.0 or even the metaverse is at a critical stage of evolution and challenge – largely centered around its crisis of identity. Like teenagers who cannot assess properly their reason for being and do not seem ready to take responsibility for their actions, we are constantly blaming the very system we are trying to get away from. To truly realize the benefits from innovation and technology – this crisis has to be resolved – not just through tactical solutions but through developments that enhance the sustainability of the web and its benefits.
Significant strides are being made in the evolution of digital services enabled by technology, regulation, and the sheer pace of societal change. The journey to the decentralized Web is mirroring the convergence of the physical and digital worlds across all economies and is increasingly embracing the digital native world. Technology has provided the foundational platform for individuals and entities to create and manage wealth, potentially without the need for big institutions. Ironically, despite all of the advancements, we are still facing an unprecedented and increasing wealth gap. At the core of this, we believe, is the imbalance of power – a physical world problem that has now been conveniently replicated in a digital version of that world representing a more pervasive threat to our democratic existence much more so than that we faced within our existing physical world.
Clearly, the system is broken – not just around the edges but at the very core of the democratic underpinning of our society.
In this whitepaper, we propose how artificial intelligence on blockchain can be used to generate a new class of identity through direct human-computer interaction. We demonstrate how this, combined with new perspectives for sustaining community and governance embedded within the use of blockchain technology, will underpin a sustainable solution to protect identity, authorship and privacy at the same time while contributing to restore trust amongst members of a future decentralized nation and hence contribute to solving the Web’s most significant identity crisis.

Keywords: Web2, 3, 5, identity crisis, human rights, civil and political rights, human computer interaction, digital democracy, decentralized nation, social graph, nested GNN

JEL Classification: P41, E61, A13

Suggested Citation

Jumelle, Frederic and Pagett, Timothy and Lemand, Ryan, Decentralized Nation: Solving the Web’s Identity Crisis (October 4, 2022). Available at SSRN: https://ssrn.com/abstract=4237007 or http://dx.doi.org/10.2139/ssrn.4237007

Frederic Jumelle (Contact Author)

Ydentity ( email )

29 Avenue de Champel
Geneva, Geneva 1206
Switzerland

Bright Nation ( email )

Smart Space 3F
Cyberport 3
Hong Kong, 000852
Hong Kong

Timothy Pagett

Ydentity ( email )

29 Avenue de Champel
Geneva, Geneva 1206
Switzerland

Ryan Lemand

Neovision Wealth Management ( email )

Office 606 Al Khatem Tower
Al Maryah Island, ADGM
Abu Dhabi
United Arab Emirates

HOME PAGE: http://https://www.linkedin.com/in/ryanlemand/

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