Prof. CAO Jiannong, Director of the Research Institute of Artificial Intelligence of Things (RIAIoT), Dean of the Graduate School, Director of the University Research Facility in Big Data Analytics, Chair Professor of Distributed and Mobile Computing and Otto Poon Charitable Foundation Professor in Data Science, delivered a keynote speech on decentralised data infrastructure for Web 3.0 at the 9th Global Blockchain Summit 2023 held in Shanghai.
Prof. Cao said that Web 3.0 is marked by three characteristics: de-platforming and decentralisation—a single centralised platform will no longer be needed to control and manage user information; user data ownership—users will have complete control over their own information and identity; and tokenisation—the values of user-generated data and contents can be expressed in the form of tokens.
He also pointed out that, the Web 3.0 environment can drive many innovations. Innovations in high application layers including decentralised finance (DeFi), finance gamification (GameFi) and social finance (SocialFi), are all about decentralised finance, i.e., the use of blockchain, smart contracts and digital identities to remove the unnecessary intermediate channels in traditional finance. GameFi and SocialFi apply the concepts and technologies of decentralised finance to games and social platforms respectively. In addition to innovation at the application level, Web3.0 can also drive organisational, social and economic innovation.
Online coverage (Chinese only):
Zhihu - https://polyu.me/3ZnxNXl
China.com - https://polyu.me/3PKLUCD
East Money - https://polyu.me/48mmi6m
| Research Units | Research Institute for Artificial Intelligence of Things |
|---|
