While the thought of a decentralized web – generally known as the Web 3.0 – appears engaging to many within the blockchain business, creating an infrastructure to help it’s no less than one objective that must be accomplished first.
It’s a problem that Haja Networks is taking over with a brand new database protocol and a database community. Both of those open-source merchandise would allow interoperability between totally different blockchains and permit customers to promote or lease their knowledge to companies whereas sustaining management over what info is accessible to third-parties, stated CEO Samuli Pöyhtäri.
The startup lately accomplished a funding spherical lead by Outlier Ventures and that includes Polychain Capital, BigchainDB and Creathor Ventures. Outlier additionally joined Haja as a strategic companion. The complete quantity raised was not disclosed.
Lawrence Lundy, Outlier’s head of analysis, famous that fixing interoperability for databases – together with blockchains – is vital to serving to develop the brand new web. And the Haja group, composed of former Protocol Labs and IPFS builders, is on its method there with OrbitDB, an open-source database venture.
Pöyhtäri informed CoinDesk that “we see a lot of problems with the current web, with data being settled and data being monopolized by companies. There’s a problem with data being centralized, there’s [infrastructure issues], there’s censorship possibilities and it’s inefficient.”
As such, he needed to develop a method to make databases simply talk whereas sustaining a trustless, peer-to-peer framework, he stated, including: “We can’t really build the user experiences that we need to [in order] to be able to compete with the current web so that’s essentially what we’re enabling here, by building decentralized protocols to make data secure in trustless ways.”
This would simply be step one in constructing the infrastructure to help a decentralized net, he stated, including that this infrastructure would in flip assist remedy scalability points, which might help gasoline adoption.
According to Pöyhtäri:
“If we look at the usage of decentralized apps right now, it’s pretty bad in a way. I think everybody would like to see a lot more adoption and usage but essentially it’s not there. Part of that problem, a big part of that problem, is the scalability problem, which I believe is a topic right now … with different projects working on it.”
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