Blockchain Papers

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2,475 papersLast indexed Aug 16, 2026
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Jul 1, 2024·Revista Contemporânea
0 cites
SEGUROS MÚTUOS COM CONTRATOS INTELIGENTES: UM CASO DE APLICAÇÃO BLOCKCHAIN

Victor Takashi Hayashi, Renato Penha, Gabriela de Morais da Silva, Lucas de Britto Vieira · 8 authors

Uma solução foi proposta para criar pools de seguros mútuos eficientes, baratos e seguros na Blockchain Ethereum para uma startup de seguros localizada em São Paulo (SP), Brasil. Os grupos são formados por pessoas que se unem para proteger contra riscos predeterminados e são autoadministrados até certo ponto. Os resultados mostram que a administração do grupo é realizada por meio de contratos inteligentes que executam automaticamente as condições acordadas pelas partes. Todas as regras de negócios e reservas financeiras são mantidas no contrato inteligente. Os usuários interagem com o sistema em uma aplicação web que utiliza uma API Web3, que possui uma área de cliente e uma área de seguros P2P para gestão de novos grupos e atuação no processo de indenização. Os resultados mostraram que os smart contracts foram acionados automaticamente quando as condições predefinidas foram atendidas, eliminando a necessidade de intervenção humana e minimizando erros e fraudes, além de melhorar na administração e na satisfação dos grupos de seguros.

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Original source
Jul 1, 2024·HISPADIS
0 cites
Metaverso y modelos de monetización digital: aproximaciones conceptuales al entorno virtual contemporáneo

Santiago Patarroyo Martínez

El presente artículo analiza el concepto de metaverso y su relación con los nuevos modelos de monetización digital derivados de tecnologías emergentes como blockchain, criptomonedas, NFT, Web3 y marketplaces descentralizados. La investigación aborda el impacto de estos entornos virtuales en las dinámicas de interacción entre marcas y consumidores, especialmente dentro de la industria de la moda urbana y las culturas digitales contemporáneas. Asimismo, se examinan las posibilidades de comercialización, autenticidad digital y construcción de comunidades virtuales a partir de economías descentralizadas y activos digitales. El estudio propone una aproximación conceptual al metaverso como escenario de innovación tecnológica y transformación de los modelos de negocio digitales.

Open access
Communication and COVID-19 Impact
Cultural and Social Dynamics
Business, Innovation, and Economy
Original source
Jul 1, 2024
2 cites
Digital Twins and IoT for Sustainable Manufacturing

Raja Lavanya, G. Bhavani, C. Santhiya, G. Vinoth Chakkaravarthy · 5 authors

With the advent of the Internet of Things (IoT), a new transformation is predominant in the manufacturing industry, termed Industry 4.0. The revolution of IoT with artificial intelligence, Web3, robotics, and automation has transformed the traditional manufacturing system into a smart manufacturing system (SMS) by adding an intelligent component capable of automatic data collection through using sensors, processing data autonomously, and controlling machines remotely. However, adding automated intelligence, autonomous systems, and real-time data processing presents an insecure surface to cyber attackers to penetrate these cyber-physical systems (CPSs) and cause physical damage. This chapter presents a detailed discussion of cyber threats and incidents in the intelligent manufacturing industry, along with the available acceptable mitigation strategies. A taxonomy of cyber attacks on intelligent manufacturing systems clearly shows the difference between information technology threats and smart manufacturing cyber-threats. A detailed discussion on the limitations of SMSs in implementing cyber security is presented. Finally, some innovative machine learning–based security mechanisms (ML-based intrusion detection systems) are discussed that promise to detect anomalies/intrusions in such systems.

Digital Transformation in Industry
Flexible and Reconfigurable Manufacturing Systems
Manufacturing Process and Optimization
Original source
Jul 1, 2024·INTI JOURNAL.
1 cites
A Study on Non-Fungible Tokens Marketplace for Secure Management

Rishabh Singh, K. Chitra, Yap Choi Sen

The secure management and sale of digital assets has become a critical problem in an increasingly digitized environment. This project intends to address this issue by creating decentralized applications (dApps) that use blockchain technology to provide secure and efficient digital asset management, with a focus on NFTs. The NFT marketplace includes secure wallet connections, NFT image creation, minting, the marketplace, and profile management. Solidity-based smart contracts are utilized to create the NFT Marketplace back end, and IPFS is used for storage. The NFT Marketplace's front-end development uses React JSX and the web3js framework, allowing developers to connect to the Ethereum network. NFT Marketplace may assist creators in selling their art through a smart contract system, in which the artwork's ownership transfers to the new owner upon submission of a digital certificate.

Open access
Art History and Market Analysis
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Original source
Jul 1, 2024·Journal of Innovation and Technology
1 cites
The Decentralized Non-Fungible Token Exchange with Secure Connections

Sharath M.S., S. Hedge, Lai Mei Yoon

During the COVID-19 outbreak, due to the lockdown, all museums and galleries were closed for more than a year. So, the buying and selling of physical arts have dropped. This project aims to overcome this challenge by developing a decentralized application called Decentralized NFT Exchange. The decentralized non-fungible token (NFT)exchange includes features such as secure wallet connections, NFT creations, buying, selling, and profile management. The back-end of the decentralized NFT exchange is implemented using Solidity-based smart contracts, while InterPlanetary File System (IPFS)is used for decentralized storage. Front-end development of decentralized NFT exchange is implemented using React JSX and framework web3.js that helps developers connect to the Ethereum network. Decentralized NFT can help art creators sell their artworks using a smart contract system where the ownership of the work will become the property of the new owner with proof of a digital certificate. The project demonstrates the practical application of blockchain technology in developing decentralized applications (DApps)for secure and decentralized digital asset management. Overall, Decentralized NFT might be a solution for the copyright of work in the future and the project contributes to secure and decentralized digital asset management

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Original source
Jun 29, 2024·Pidvodni tehnologii
1 cites
Integration of Artificial Intelligence with Web3 technologies for Affiliate Marketing: Review and Analysis

Mykola Malenko, Yevheniia Shabala

This article explores affiliate marketing integration with AI and Web3 technologies, providing a comprehensive analysis of their individual and combined potential to revolutionize the digital marketing landscape. Starting with defining the core components, the article sets a foundation for understanding how AI and Web3 can synergistically enhance affiliate marketing strategies. The paper proceeds with a detailed overview of traditional affiliate marketing models, highlighting their evolution in response to technological advances and changing market dynamics. The article further examines the global landscape of affiliate marketing, presenting current statistics and trends that underscore its economic significance. A focused discussion on AI technologies pertinent to affiliate marketing reveals how machine learning, natural language processing, and predictive analytics can optimize performance and decision-making processes. The role of Web3 is examined by its ability to introduce decentralized, transparent, and secure elements into affiliate marketing, suggesting a shift towards more user-centric models. Finally, the potential of combining AI with Web3 is discussed, illustrating how this convergence can lead to innovative marketing strategies that are more effective and uphold higher standards of integrity. This synthesis aims to illuminate how modern technologies can be harnessed to foster a new digital marketing era.

Open access
Entrepreneurship Studies and Influences
Digital Marketing and Social Media
Original source
Jun 28, 2024
1 cites
The Model and Application of Data Storage in a Decentralized Network

Dinar D. Khayrutdinov, Denis A. Volkov, A.G. Mukhina

The paper focuses on a decentralized model of storing information in the educational field, a long with its advantages and disadvantages. Close attention is paid to safety, accessibility, and confidentiality, which are essential attributes of information. In addition to discussing decentralized networks from a functionality perspective, the article also describes the process of implementing distributed networks in government agencies such as universities for the purpose of persistent and secure data storage. A comparison of classic database management systems with distributed file storage systems such as IPFS has been carried out. A description of the architecture of a decentralized application is given, which allows simple direct user interaction with file management via a convenient and intuitive interface. A smart contract is considered as a link between the application and the blockchain, ensuring speed, transparency and reliability of the transaction. A decentralized application, smart contracts and an interface for information output have been developed. It is concluded that decentralized data storage is an innovation that has every chance of becoming an important component of Web3.

Distributed and Parallel Computing Systems
Original source
Jun 27, 2024
4 cites
PRIV-ML: Analyzing Privacy Loss in Iterative Machine Learning with Differential Privacy

Pratik Thantharate, Divya Ananth Todurkar, T Anurag

Differential privacy offers rigorous protections for emerging paradigms like federated machine learning, decentralized analytics, and web3 applications. The parameters E (epsilon) and5)-differential privacy while sustaining utility with an average error of only 4.5% compared to non-private histograms, underscoring the importance of formally tracking cumulative privacy loss. Our framework provides a practical solution for measurable privacy-preserving machine learning pipelines without degrading accuracy or utility. By interfacing with diverse mechanisms and adapting noise to empirical sensitivities, we facilitate precise reasoning of privacy risks throughout model life cycles. We also analyze privacy parameter implications across application domains. This paper lays a rigorous foundation for developing trustworthy AI systems that protect sensitive data.

Privacy-Preserving Technologies in Data
Original source
Jun 26, 2024
0 cites
Valuing Web3 Music

Marcus O'Dair

Blockchain and Web3 technologies were originally understood in a narrowly financial context, associated with cryptocurrencies such as Bitcoin. Non-fungible tokens, or NFTs, have put music (and other creative economy use cases such as art and gaming) center stage. Yet there remains a widespread misconception that speculative investments in cryptocurrencies and NFTs are the be-all and end-all of Web3. This chapter examines the potential impact of blockchain technology on the music industry from a more holistic perspective. Specifically, its contribution lies in proposing four lenses through which we can view Web3 music: financial, social, environmental and experiential. By examining the value of tokens – fungible as well as non-fungible – in terms that go beyond short-term price fluctuations, I hope to deepen our understanding of cultural value in Web3 and beyond.

Music and Audio Processing
Music Technology and Sound Studies
Original source
Jun 25, 2024·Machine Learning
5 cites
Discrete-time graph neural networks for transaction prediction in Web3 social platforms

Manuel Dileo, Matteo Zignani

Abstract In Web3 social platforms, i.e. social web applications that rely on blockchain technology to support their functionalities, interactions among users are usually multimodal, from common social interactions such as following, liking, or posting, to specific relations given by crypto-token transfers facilitated by the blockchain. In this dynamic and intertwined networked context, modeled as a financial network, our main goals are (i) to predict whether a pair of users will be involved in a financial transaction, i.e. the transaction prediction task , even using textual information produced by users, and (ii) to verify whether performances may be enhanced by textual content. To address the above issues, we compared current snapshot-based temporal graph learning methods and developed T3GNN, a solution based on state-of-the-art temporal graph neural networks’ design, which integrates fine-tuned sentence embeddings and a simple yet effective graph-augmentation strategy for representing content, and historical negative sampling. We evaluated models in a Web3 context by leveraging a novel high-resolution temporal dataset, collected from one of the most used Web3 social platforms, which spans more than one year of financial interactions as well as published textual content. The experimental evaluation has shown that T3GNN consistently achieved the best performance over time and for most of the snapshots. Furthermore, through an extensive analysis of the performance of our model, we show that, despite the graph structure being crucial for making predictions, textual content contains useful information for forecasting transactions, highlighting an interplay between users’ interests and economic relationships in Web3 platforms. Finally, the evaluation has also highlighted the importance of adopting sampling methods alternative to random negative sampling when dealing with prediction tasks on temporal networks.

Open access
Traffic Prediction and Management Techniques
Blockchain Technology Applications and Security
Recommender Systems and Techniques
Original source
Jun 24, 2024
0 cites
zkSHIELD – A Web-Based Cross-Chain Zero Knowledge Asset Proof

Vinay Kiran Polisetti, Anirban Bhattacharjee, Amrit Gupta, Satyanarayana Vollala

The global transition towards Web3 is giving rise to many blockchain networks, each with its native cryptocurrency. Ethereum is used for decentralized applications, Bitcoin is used for investment, and Polygon is used for scalability solutions. Furthermore, a few well-known blockchain platforms have implemented interoperability features, meaning users can now send wrapped tokens around different blockchains. User assets are then distributed across multiple blockchain networks and wallets. This means user assets are already distributed across multiple tokens on different blockchain networks. This work presents a web application that allows you to visualize your assets distributed across different blockchain networks and wallets. Notably, this work supports the straightforward integration of secondary wallets with user accounts. In addition, this work supports tracking the historical user asset transfer requests, including incoming and outgoing ones, and storing the metadata associated with each asset transfer, including its corresponding proof’s Content Identifier (CID) after zkSNARKs proof generation by hosting it on the InterPlanetary File System (IPFS).

Semantic Web and Ontologies
Original source
Jun 24, 2024
28 cites
Retracted: Blockchain and Web3.0 based NFT Marketplace

Sonali Sonawane, Umar Mulani, Dnyanesh S. Gaikwad, Anjali Gaur · 6 authors

Blockchain is at present the most well-known innovation. Blockchain offers your applications a safer, changeless, and decentralized stage. Web 3.0 is another new innovation. A ton of tremendous enterprises control a ton of the web and figure out what is and isn’t permitted. Web3 is unmistakable in that clients make, make due, and own it as opposed to being represented by a solitary element. This suggests that instead of an incorporated government, commoners have more control. Non-Fungible Tokens, or NFTs, are basically a pristine strategy for computerized thing assortment. They don’t need agents and give direct help to vocalists, competitors, and craftsmen. NFTs give makers a new chance to share and adapt their work.Digital products were challenging to showcase in the past since they were effectively duplicated and guaranteed by others. Our goal is to foster a stage that permits clients to look for, rundown, or buy NFTs without the requirement for a focal body to screen purchaser vender collaborations. It’s more decentralized and evenhanded along these lines. This study researches the production of an instinctive NFT commercial center application that consolidates Ethereum, Metamask, and Ganache IPFS. Further developing client communications inside the NFT biological system is the principal objective.

Blockchain Technology Applications and Security
Original source
Jun 24, 2024
2 cites
Scattered Requirements Dust in the Era of Web3 – a Vision Keynote

Ethan Hadar, Sven T. Heursch

This extended abstract paper presents a vision for data and AI requirements governance in distributed System-of-Systems (SoS) that involve multiple parties and dynamic alliances, such as in the defense domain (e.g. different weapon systems on the battlefield). The paper proposes to use web3 technologies, such as distributed ledger and secure multi-party computation, to enable collaborative analytics and data interoperability among the SoS members, while preserving their sovereignty and privacy. The paper also suggests a model-driven approach that can generate executable code and workflows from a common ontology and a semantic mapping tool, which can facilitate the alignment and verification of the data and AI requirements among the coalition members. The paper demonstrates the feasibility and effectiveness of the approach through a prototype implementation in the defense domain and a case study involving a multi-party coalition of the willing to detect a SA-8 anti-aircraft battery that in essence is a sensor-Data Fusion with different sensors on different weapon systems.

Gas Dynamics and Kinetic Theory
Original source
Jun 24, 2024
2 cites
Requirements Engineering for Web3 Systems: Preface

Itzhak Aviv, Davor Svetinović, Seok Won Lee

The 1st International Workshop on Requirement Engineering for Web3 Systems (RE4Web3), held at the 32nd IEEE RE Conference 2024, fills in the space between traditional Requirements Engineering (RE) and particular challenges posed by Web3 technologies. The workshop discussed changing RE artifacts, processes, and practices to efficiently build and operate emerging Web3 systems. The accepted papers showcase the diversity and depth of research in this emerging field, addressing key topics such as smart contract compatibility with Central Bank Digital Currencies, RE challenges in rollup construction, privacy and security in blockchain-based federated learning, and infrastructure requirements for blockchain-native information systems. The new findings described in these industry-focused papers add to the formation of the discipline and lay the cornerstone for future research and practice in RE integration with Web3 technologies.

Service-Oriented Architecture and Web Services
Business Process Modeling and Analysis
Cloud Computing and Resource Management
Original source
Jun 24, 2024
3 cites
Harnessing the Power of web3: A Blockchain Approach to Crowdfunding

Richa Vivek Savant, S Navin Sunder, M Spoorthi, Shinu M. Rajagopal · 5 authors

Conventional crowdfunding methods frequently involve intermediaries, lack transparency, encounter regulatory challenges, and are not highly secure. Instead, a blockchain-based agreement can be formed, carried out, and enforced between members without the assistance of a third party. To achieve this, creating smart contracts, with blockchain-compatible executable code, is crucial. Additionally, cryptocurrency can be used, for which crypto wallets can securely store private keys, giving users access, control, and ownership over their digital assets while also encouraging decentralization and interoperability. Crypto wallets protect users’ assets against cyber threats and unauthorized access by utilizing technologies like encryption, two-factor authentication, and multi-signature support to provide strong authentication and protection. Using a web3 platform like Thirdweb eliminates the need for an administrator by providing automated tools and infrastructure that streamline the creation, management, and deployment of decentralized applications. This study proposes the use of web3 technology to create a multi-user cross-platform blockchain-based crowdfunding DApp which employs Ethereum, smart contracts via solidity and crypto wallets for decentralized fundraising.

FinTech, Crowdfunding, Digital Finance
Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
Original source
Jun 21, 2024
0 cites
Cargo Cult or Kula Ring? The Battle for Shared Ethos in Web3

Melyn McKay

The emergence of blockchain technology spawned numerous experiments in alternative ownership and value creation. Uniting these was a singular thesis: That decentralized infrastructures could birth a new, user operated and owned Internet. This vision is what drives the otherwise inchoate collection of actors and activities called “Web3.” Web3’s infancy has been a wobbly one. Despite persistent claims to the contrary, many of its projects had echoes of practices that had emerged in different places and times – many of which were snuffed out by the relentless march of colonial capitalism. These same forces remain at play within Web3 and are most pronounced at its intersection with centralized and/or highly speculative financial services and products. There is a risk of building alternative’ digital spaces, modes of governance, and value systems, which are blind to history. In this chapter, I describe how my own blockchain alternative payment company offers an anthropology-based intervention, and how an anthropologist such as myself might guide these nascent projects away from building more technologically complex architectures of colonial capitalism, directing them instead toward alternatives which bulwark against the most pernicious harms of our time – from climate change to wealth inequality.

Media, Religion, Digital Communication
Original source
Jun 19, 2024·Data
5 cites
Hardware Trojan Dataset of RISC-V and Web3 Generated with ChatGPT-4

Victor Takashi Hayashi, Wilson Vicente Ruggiero

Although hardware trojans impose a relevant threat to the hardware security of RISC-V and Web3 applications, existing datasets have a limited set of examples, as the most famous hardware trojan dataset TrustHub has 106 different trojans. RISC-V specifically has study cases of three and four different hardware trojans, and no research was found regarding Web3 hardware trojans in modules such as a hardware wallet. This research presents a dataset of 290 Verilog examples generated with ChatGPT-4 Large Language Model (LLM) based on 29 golden models and the TrustHub taxonomy. It is expected that this dataset supports future research endeavors regarding defense mechanisms against hardware trojans in RISC-V, hardware wallet, and hardware Proof of Work (PoW) miner.

Open access
Physical Unclonable Functions (PUFs) and Hardware Security
Adversarial Robustness in Machine Learning
Original source
Jun 18, 2024·ISPRS International Journal of Geo-Information
6 cites
Implementing Immersive Worlds for Metaverse-Based Participatory Design through Photogrammetry and Blockchain

Nikolai Abramov, Havana Lankegowda, Shunwei Liu, Luigi Barazzetti · 6 authors

This paper explores participatory design methods for the interconnection of digital recording techniques, like digital photogrammetry and Gaussian splatting, with emerging domains such as the metaverse and blockchain technology. The focus lies in community engagement and the economic growth of urban and rural areas through blockchain integration, utilizing low-cost digitalization methods to create Web3 environments mirroring real settlements. Through a case study of an Italian village, the potential of participatory design and community-led development strategies in revitalizing neglected areas are explored, and the use of low-cost drone-based photogrammetry and Gaussian splatting in digitization are compared, highlighting their advantages and drawbacks considering the aim of this work, i.e., the creation of an interactive metaverse space. Ultimately, the study underscores the transformative role of digital technologies in reshaping design processes and fostering community development through a workflow, stressing collaborative decision-making and blockchain-driven economy, manufacturing, and maintenance through self-ownership models and performance-based smart contracts.

Open access
Virtual Reality Applications and Impacts
Original source
Jun 14, 2024·Methodo Investigación Aplicada a las Ciencias Biológicas
0 cites
Disponibilidad de alimentos de origen vegetal en Argentina, Chile y Uruguay en los últimos 60 años

N B Bertorello, F Minin, Sharon Viscardi, Constanza Rodríguez Junyent

INTRODUCCIÓN: Los objetivos del desarrollo sostenible nos invita a cuidar el planeta y asegurar la prosperidad para todos. Frente a los cambiantes patrones de producción y consumo en torno al agua, energía y alimentos, resulta de gran interés estudiar la disponibilidad alimentaria, con el fin de implementar acciones que lleven a garantizar las necesidades de la población, permitiendo el desarrollo sustentable sin comprometer las generaciones futuras1,2. El objetivo del trabajo fue determinar la proporción de alimentos de origen vegetal (AOV) en relación al suministro total de energía para Argentina, Chile y Uruguay e inspeccionar su evolución en los últimos 60 años. MATERIAL Y MÉTODOS: estudio descriptivo, longitudinal. La proporción de AOV en la disponibilidad total de energía se consideró como el suministro de energía (kcal/persona/día) de los siguientes grupos de alimentos: cereales, tubérculos, legumbres, frutas, verduras, aceites, semillas, frutas secas y azúcar (excepto miel). Dicha información se extrajo de las Hojas de Balance de Alimentos (HBA), instrumento diseñado y elaborado por la Organización de las Naciones Unidas, para la Agricultura y la Alimentación (FAO), a partir de información estadística confiable disponible desde su sitio web3. Se consideró el período de 1961, 1990 y 2020 de las HBA para Argentina, Chile y Uruguay. Se tomaron estos años como referencia por la existencia de información proveniente de estos años y tomando ciclos de 30 años para evaluar posibles cambios en la disponibilidad alimentaria. CONSIDERACIONES ÉTICAS: los datos fueron extraídos de fuentes secundarias, todas las bases de datos son de dominio público y no requiere evaluación de comité de ética. RESULTADOS: El suministro de energía promedio durante el 2020 en los tres países fue 3232 ±95,1 Kcal/persona/día. En relación a la proporción de energía proveniente de AOV, fue mayor en Chile y Uruguay (68%), mientras que Argentina presentó un porcentaje menor (65,1%). El grupo de los cereales fue el que aportó la mayor cantidad de energía de AOV. La contribución de AOV a la energía total, aumentó en Uruguay y en Argentina, 14,5% y 2,8% respectivamente y disminuyó en Chile 9,6% entre 1961 y 2020. CONCLUSIONES: Si bien se evidenciaría algún incremento de disponibilidad de AOV principalmente en Uruguay, se requiere continuar trabajando en nuevas estrategias que garanticen la seguridad alimentaria y nutricional y permitan la conservación de recursos naturales.

Open access
Agriculture and Rural Development Research
Original source
Jun 14, 2024
0 cites
The Gambler

Sandra Faustino

Abstract This paper explores the influence of financialization in the post-2008 credit crisis, which led to a general mistrust in financial institutions and states. Simultaneously, Web3 and digital finance emerged as a way to navigate this problematic state of affairs, and many individuals were drawn to the agency of machines, code, and algorithms in making a deviation from austerity toward some form of liberation. Taking the form of an oracle reading, this paper uses the “Gambler” archetype to explore the subjective movement of those who engage with digital finance as a strategy to face the generalized climate of austerity and to claim their share of the economy, now that work has ceased to be a lifetime calling.

American Sports and Literature
Original source
Jun 14, 2024
0 cites
Hash, Bash, Cash: How Change Happens in Decentralized Web3 Cultures

Paul J. Ennis

Abstract A Web3 lifeworld consists of an imaginary and a shared commons. A Web3 imaginary is shown to include most, if not all, of the following: (i) the stated goal or purpose of the community, (ii) the behavioral norms, (iii) the lore or history, and (iv) what is opposed. A typical Web3 commons is shown to involve three elements: hash (technical), bash (social) and cash (finance). When changes come in Web3, the response is enacted using an available lever from the hash, bash, cash model of decentralized organization, but the response must not be in friction with the community’s imaginary, or it will most likely grind to a halt. Effective response to change becomes part of the Web3 lifeworld’s toolkit.

Digital Marketing and Social Media
Spam and Phishing Detection
Privacy, Security, and Data Protection
Original source
Jun 14, 2024
0 cites
Institutional Isomorphism in Web3: Same Same but Different?

Tara Merk, Rolf Hoefer

Abstract Like an online carnival, Web3 aims to turn the internet’s social order upside down. Unlike a carnival, Web3 wants to be more than a weeklong party and morph into a legitimate substitute for the internet’s status quo. Web3’s secret sauce for upheaval is decentralized, permissionless technologies, in particular blockchain technologies. In this exploratory paper, we draw on the concept of institutional isomorphism to muse about Web3’s future and to highlight the inherent tension between striving to be different from Web2 yet wanting to become more legitimate. We argue that technical merits are hardly enough to realize Web3’s high aspirations. Regulatory pressures, rampant uncertainty, and the professional norms of Web3 participants drive the space to adopt many of the organizational structures and practices that it aims to displace. To maintain divergence from Web2, despite isomorphic pressures, we suggest that it is important to increase the overall diversity of people in Web3, to double down on the value of decentralization, and to reaffirm Web3’s commitment to creatively re-imagine various institutional arrangements.

Wikis in Education and Collaboration
Online Learning and Analytics
Original source
Jun 14, 2024
0 cites
Introduction to Web3: The New Cultural Economy

Quinn DuPont, Donncha Kavanagh, Paul J. Ennis

Today the term Web3 (as distinct from Web 3.0) exists as a challenger to name the overall space variously known as cryptocurrency, Crypto or blockchain. It has an especial appeal to the post-2021 generation swept in under a wave of innovation in blockchain primitives. These primitives – Decentralised Autonomous Organisations (DAOs), Decentralised Finance (DeFi) and Non-Fungible Tokens (NFTs) – captured the imaginations of a new kind of user, one not necessarily plugged into the cypherpunk or crypto-anarchist ideals of Bitcoin. The term appears to partially reflect a desire to move beyond Bitcoin’s strictly monetary focus. The targets for blockchain decentralisation increasingly became the tech giants of Web 2.0, whose reputation had plummeted in this era.

Cultural Industries and Urban Development
Digital Games and Media
Original source
Jun 14, 2024
0 cites
Web3: The Gentrified Carnival?

Donncha Kavanagh

Abstract Web3 reflects and instantiates the “ludic turn” of the last few decades, where identity is increasingly forged through play and games rather than through work. The ludic is especially evident in the Bitcoin ecosystem, where the elements of the carnivalesque – play, anarchy, dissimulation, vulgar language, and excessive consumption – are pervasive. These elements may also be divined in Web3, though they are less ubiquitous, which suggests that Web3 is perhaps best seen as a gentrified carnival.

Cultural Industries and Urban Development
Original source