Web3 Summit - we're back, and full of insights

Web3 Summit - we're back, and full of insights

Just a couple of hours after landing on the home ground, while the impressions are still fresh and warm, here is the recap of the Web3 Summit in Berlin as we saw it.

We were in the Mecca of development of this season. The 1,000-strong developer crowd has brought together the most recent projects, ideas, and upgrades of the current state of the industry.

The event was explicitly focused on the decentralization of the web, and we wanted to see first-hand what can we expect to appear in the following months.

Day 1

Right from the start of it, we saw that this would not be a developer-only event, as representatives of some major corporations were there to take notes, as well. It's nice to see they value the potential of the industry and try to make use of it for their business purposes. More adoption brings more value to the whole ecosystem.

First off, the governance workshop we attended was really interesting, but there are still many unknowns in the field, and we're lacking good examples of decentralized governance. That said, it is encouraging that a significant amount of work has been done to address this question.

We stopped by the presentation of a token curated registry, something that you can also read about on our blog. The discussion around it was inspiring, and we liked the working demo that has been presented, as it helped us gained some knowledge and check a working use case.

Although in general not many presentation or talks were NFT-related, there was a substantial interest among several peers in working with the ERC-721 and using the 0xcert protocol.

Day 2

Even though we were up and programming until 1am the night before, all hyped from the knowledge we gained during day 1 of the Summit, we got to the venue just in time to catch the discussion about blockchain privacy and private computation. As we found many of the topics aligned with our perspectives, we will be considering these traits in our work, as well.

The talk about Cryptokitties was interesting especially from point of view of autonomous smart contracts and how to avoid the need of fixing it after deployment.

We were impressed by the Polkadot presentation, and judging by the audience, there is a big interest in creating customized and personalized blockchains.

We also talked to StorJ team for a long time, also about potential collaboration. It is great to see the work that has been done on their part so far, and the opportunities where we could join forces.
The evening passed super fast, and just as the day before, the night was all about coding.

Day 3

The last day of the Web3Summit served some interesting talks about a better decentralized world and what is to be expected within the next 20 years. Gitcoin's presentation blew our socks off, as we saw their vision completely aligned with ours.

It was also great to see the development of a web assembly, as it could be of great potential for the future.

We found it very valuable to listen to a presentation and learn about the latest insights into the concept of governance in a decentralized world. Many valuable points were presented, and we took detailed notes since the optimization of governance is something we would make good use of in our applications and in the protocol in general.

The topic of governance created even more sparks during an intriguing panel discussion and actual battle of opinions by great minds - Arthur Breitman (Tezos), Gavin Wood (Parity Technologies and Polkadot) and Vlad Zamfir (Ethereum Foundation).

Throughout the day, we also checked out presentations of decentralized exchange, a workshop for running a full node and using the Web 3.0, and a showcase of a Metamask-like mechanism.

Tech - Adopted

Overall, this was another really well-organized event in an incredible venue.

The central theme of the conference was building all the needed parts for the next level of the web - Web 3.0. That means, different levels of infrastructure, from blockchain as the base, through higher-level protocols, to browsers that allow the Web 3.0 to work and create value. From our perspective, the 0xcert protocol would fit somewhere between the bottom and the middle layer of the blockchain-based Web 3.0, since it would serve as a simplifier of development.

Among the participants of the event, we were glad to see also bankers, entrepreneurs, and corporations. So apparently, there is no shortage of interest in blockchain applications. It is the purpose of such events to bring the tech minds and the executive powers together to find common ground and get the developed tech adopted.