Preface

Web3’s emergence is primarily driven by the changing demands in cyberspace. Changes in people's digital demand, numerous and fragmented data sources, complexity and diversity, inconsistent standards, and lack of trust have brought many difficulties to data circulation and hindered. These trends also have fueled the rise of the Web3 concept.

Web3 can be understood as an overall evolution and upgrade of the internet architecture. Through new protocols, it aims to make the internet more decentralized and secure, empowering users to control their digital identities and assets. Through the collaborative innovation of technological and economic systems, Web3 promotes the integration of digital and real-world elements.

Web3 is conducive to addressing the existing problems of "monopoly" and "malfeasance" that plague the status quo of internet development. Leveraging the advantages of blockchain, such as distribution, immutability, public verifiability, and code as law, it creates a digital space characterized by self-sovereign identity, data autonomy, algorithmic governance, decentralization, and elimination of malicious competition.

The application scenarios of Web3 are limitless, covering various fields such as healthcare, industrial production, education, tourism, interactive entertainment, and e-commerce. However, this does not imply that Web3 is a panacea or an immediate solution. Currently, Web3 suffers from unstable and immature business models, and the related infrastructure is still in the process of improvement. The Web2 platform economy constraints companies within certain inherent business models, making it challenging for them to embrace Web3 without disrupting vested interests.

Web3 facilitates the digitization of industries, driving the development of new data services such as native digital. The high-quality development of these new services requires a network built on identity trust, expressible assets, and trustworthy data rights. It is against this context that the resurgence of digital identity sovereignty, digitization of assets, and credible data rights become key trends for the development of service capabilities.

In the Web3 era, network governance will shift towards decentralized co-governance. Specifically, it will transition from a centralized management model with a single entity to a gradually evolving model that allows multiple participants and distributed autonomy. The trust consensus, initially established by human and societal institutional contracts, will gradually shift towards a trust consensus built by algorithmic machines. Governance will expand from overseeing people and things in the physical world to encompass the supervision of accounts, assets, and contracts in the digital world. The management scope will evolve from overseeing networks, products, and users to overseeing data, services, and objects. Additionally, regulatory scrutiny will shift from opaque examination of monopolistic platform systems to transparent supervision embedded throughout the web/chain architectures.

XOS, a project for Web3 application operating systems, will continue its commitment to driving the development and improvement of the Web3 ecosystem.