Company
Date Published
Author
Chainlink
Word count
2812
Language
English
Hacker News points
None

Summary

The concept of the verifiable web aims to address the flaws of the current internet model by integrating blockchain technology, decentralized computing, and cryptography to enhance transparency, data integrity, and user control. This new web model offers a verification layer that provides cryptographically secure and manipulation-resistant environments for applications, thus allowing users to independently verify the integrity of data and operations. Such advancements aim to ensure that applications are reliable, censorship-resistant, and logically sound, moving away from reliance on centralized entities and their unverifiable promises. The verifiable web can be essential for improving trust in financial markets, media authenticity, food and goods sourcing, contracts, and social consensus by offering verifiable proof rather than trust-based assurances. Various technologies such as open-source software, cryptography, blockchains, oracles, and trusted hardware underpin this model, with Chainlink playing a pivotal role in facilitating this transition to a more transparent and accountable digital infrastructure.