Web5

Web 5 is a decentralized platform that provides a new identity layer for the web to enable decentralized apps and protocols.

In the current web model, users do not own their data or identity. They are given accounts by companies and their data is held captive in app silos. To create a new class of decentralized apps and protocols that put individuals at the center, we must empower them with self-owned identity and restore control over their data.

This platform embraces the convenience of Web 2 but it also returns control back to the users, an ethos of Web 3. The harmony of these two views is what we're calling Web 5.

There are three main pillars of the decentralized web platform, all of which are based on open standards.

1. Decentralized Identifiers

2. Verifiable Credentials

3. Decentralized Web Nodes