Notes

Below, review the list of topics linked to this Masterclass on Digital Identity and Trust on the Web3.

1. Evolution of Trust Building Frameworks:
   • Since ancient times, trust was established directly, based on personal knowledge in small communities or villages.
   • With the expansion of communities and trade came the need for institutions to act as trusted third parties, establishing rules and ensuring compliance to facilitate interactions beyond direct knowledge.
2. Transformation through History:
   • Agrarian Era: Trust was based on direct relationships within small communities.
   • Evolution of Trade: The expansion of trade routes and contact with other villages required the creation of institutions and trusted third parties to regulate and facilitate transactions.
3. Advent of the Digital Age:
   • The digital era initially replicated existing trust models, using technology to facilitate interactions but maintaining the third-party-based trust structure.
   • Examples of digital marketplaces and platforms such as Amazon illustrate how the rules of interaction and transaction are maintained digitally, with these platforms acting as intermediaries.
4. Web 3.0 and Digital Trust:
   • Web 3.0 presents the opportunity to build trust digitally without the need for intermediaries, using technologies such as blockchain and smart contracts.
   • This allows for direct interaction between parties, with rules and compliance managed through technology, eliminating the need for a trusted third party.
5. Identity and Reputation in Web 3.0:
   • Decentralized identity and reputation management become key to establishing trust in Web 3.0. Sovereign identity allows individuals to demonstrate who they are verifiably and securely online.
   • Reputation becomes a portable attribute of identity, allowing people to carry their reputation with them across different platforms and contexts.
6. Impact and Potential of Digital Trust:
   • The ability to build trust digitally and on a global scale has the potential to radically transform how we interact, trade and socialize online.
   • This fundamental change expands the possibilities for interaction beyond physical and geographic limitations, opening up new opportunities for commerce and social relations.