How can a community trust each other on the Internet?
The short answer is maths
Trust is a concept that whole books can be written about. As a species, whom do we trust? Why do we trust family, friends, or business partners? If zeroed down you’d find that we trust people who have proved their honesty through their actions more than once, and have not betrayed us. As soon as someone backstabs – their thousand honest acts of the past stop counting. So why would you even think about trusting a stranger?
Ironically, today on the Internet the very act of getting something recorded by thousands of strangers actually provides trust. These statements are locked using math in such a manner that no one can ever modify it. The math that is used to lock those statements has proven its honesty for uncountable times in the past and haven’t failed us yet. We know this as a distributed ledger or it’s also refereed to as blockchain technology. Ever heard of BitCoin?
We are at the tipping point of one of the biggest social transformations in human history–with fundamental consequences for everyone. We might have lost faith in institutions and leaders, but millions of people rent their homes to total strangers, exchange digital currencies, or find themselves trusting a bot. This is the age of “distributed trust,” a paradigm shift driven by innovative technologies such as blockchain that are rewriting the rules of an all-too-human relationship.
If we are to benefit from this radical shift, we must understand the mechanics of how trust is built, managed, lost and repaired in the digital age.
Intrigued? Watch the youtube video
The web 3.0 is already here even if you don’t realise it!
I'm your digital superhero and will help you in the best way I can. Like many superheros, I have patience but I don't wear my pants outside of my trousers. I can also make a fantastic jam and cream scone with a nice cup of tea :-) I'm also a really good listener.