Data Portability and Identity
Peter is currently founding a startup within the Decentralized Finance space. Previously served as CTO & MD at Börse Stuttgart Digital Exchange GmbH, and as the Co-Founder & CTO at solarisBank AG.
Login and signup processes have been the foundation for the development of Web 2.0, the Social Web. Internet users were able to create personas, post photos, interact, comment, and share information and knowledge. Web 2.0 had a great impact on the development of the web as a platform but it had its side effects. Users have to recreate a login for every site. That leads to data duplication and even has security impacts (e.g. when users re-use passwords). Furthermore, the use of a persona makes users pseudonymous which results in hate speech, cyber mobbing, and other criminal behavior. Web 2.0 was a natural development for the (so-called) “Internet of Information”, invented by Tim Berners-Lee, to make the distribution of data, information, and knowledge more social. In the past years, we have seen the development of the next generation internet, the Web 3 a.k.a. “Internet of Value”. This series of two articles displays the development of digital identity from Web 2.0 to Web 3 and its implications.