The emergence of the customer Internet in the 20th century and 1990s has added unprecedented opportunities to the democratic construction of information and communications, which has led to a breakthrough in digital business services.

According to the promotion of cross-border e-commerce real-time chat transmission, e-mail has brought about a breakthrough in communications. This quickly led to several comprehensive attempts to introduce digital currency, but none as successful as PayPal.

Origin: Unspash

Founded in 1998, PayPal allows people to receive payments easily and quickly wherever they go or in money. PayPal tends to stand out when it is first released because of its two key roles: reliability and simplicity. This overcomes the problem of network port fraud, so that users can easily buy goods without sharing their card information with merchants.

Nowadays, information and resources are seamlessly spliced and migrated according to many online customer services. The content of the agreement to provide the driving force for this service may have been developed in the 1990s, but it took several years to fully visualize it.

In the past, sending email or online shopping required the user to navigate the bar in very complicated situations. For example, downloading an e-mail client and equipping it to work with an information service provider is often a task for users. Similarly, online shopping is called a risky and persistent effort in the initial stage. Due to the limited adoption of HTTPS, HTTPS is the data traffic encryption method established by Netscape in 1994.

Users who are not guaranteed by the protocol face the risk of fraud, and the details of their cards are transmitted without data encryption, making them vulnerable to digital fraudsters and perpetrators.

Nearly 20 years later, netizens are at another critical juncture.

The field of financial payment once again finds itself at an important turning point, which bears striking similarities with the development of the information age in the 90s of the last century.

Financial institutions used to be areas where customers went to cash checks and mortgages and the like. Today, customers have already moved to convenience and allow them to conduct all day-to-day credit business applications on their mobile phones. Although this makes credit business easier and faster, these applications still follow a closed approach, known as Web2, which does not provide users with everything casual or grassroots democracy-a far cry from the Web1 era of the 1990s.

Web2 payment sign

With the development of the financial industry towards more open and seamless P2P (P2P) payments, Venmo, Revolut and Cashapp have established a closed ecosystem in which users can use their own unique names to push and receive payments and information.

Origin: Unspash

Although these features are impressive, they are still limited to their respective ecosystems and are therefore a serious flaw. The closed nature of this ecosystem limits Web3 to better realize its growth potential because it hinders the growth of user management and a more open financial system.

Open Digital identity in Web3

CUE Web3, also known as an unreliable open database system, has made use of its community streets to attach great importance to the strong support of authorized developers of the territorial sovereignty financial industry in recent years. It has developed rapidly independently and has achieved obvious momentum of development. Although there are all the necessary building blocks such as blockchain applications to establish this open and scattered future, the system state of the previous applications in Web3 is still unable to reach the specifications required by popular adoption.

First of all, the importance and application of public keys are likely to interfere with the use of public keys, which can be easily identified as an array of long English alphanumeric strings with only detailed addresses. Their length makes it impossible for people to read articles, thus increasing the probability of error.

As a result, fragmented digital identity providers are emerging as a solution, providing users with a more user-friendly way to manage their public keys, such as wallet addresses, thus simplifying the whole process of receiving and paying.

There are many special attention solutions that come to the surface and are committed to providing this product, including:

• Service project under the name of Tai Tai Fong (ENS)
• An unstoppable industry
• Y.at

ENS is a decentralized domain name server. According to the communication between users and blockchain technology, which is called domain name, people can read detailed addresses. The registration and authentication fee is one-time, and the validity period is uncertain. Similarly, the unstoppable website domain name provides a domain name saved on the block chain, allowing users to establish a permanent online identity that can be accepted.

Origin: Y.at

However, Y.at has taken digital identity to a whole new level, allowing users to describe their digital identity based on one or five small emoticons that can be used for his digital user name, website URL, and even the payment address of everyone's (digital) wallet.

A continuous and difficult battle for Web3--

Although the open digital identity agreement provides a series of implicit benefits, including improving the security, subjectivity and tumor metastasis of digital property, the general adoption and understanding of them by general users is still limited. This is mainly due to the limited test cases of Web3ID and the technical expertise needed to make use of the current system software.

There is no doubt that one of the key tests that Web3 must address is the "mother test", which hopes to achieve widespread adoption by assessing the reliability of the software and the perception of users, based on the ease of mother's use of the browser.

Therefore, to promote large-scale adoption, it is very important to improve the user experience and make mobile software not only more user-friendly, but also, more importantly, seamless browsing.

The last thought

Although the system state of Web3's previous applications is likely to fail to meet the specifications needed for popular adoption, with the rise of scattered digital IDs and concern for user-friendly pages, its potential has never been as broad as it is now.

The future development of digital identity is full of hope. Whether it is based on the establishment of old systems or the improvement of existing system software, this field has the opportunity to make major breakthroughs in the near future.