Thanks to our global focus on mutual growth through trade, people and companies are getting ever-more reliant on supply chains. The internet, and the businesses that operate natively on it to provide value to billions worldwide, are gaining similar prevalence. The importance we place on these super-highways of both goods and information is earned. Thanks to these channels, we have lifted billions out of poverty and enriched lives by giving access to information and communication.
The Centralized Internet
A 2015 study of internet users in the developing world reached some interesting conclusions that can still apply today. While many people were using social networking platforms on a daily basis, they had no idea they were, in fact, using the internet. For up to 11% of Indonesians, Facebook was just Facebook, and the internet was this complex other thing that they did not want to participate in.
A New, Privacy-Centric Internet
Cryptocurrency, at its core, is based on users holding onto their own data. With private keys, NFT profile pictures and pseudo-anonymous wallet addresses, we seem to be moving past the old ways of sharing all one’s personal data with the world. Things get even more exciting for users when we consider Ethereum’s true value proposition - a distributed computer, managed by innovators all over the world where anyone can launch a service that they believe will bring value.
By closely monitoring progress and adherence to milestones, the WAHED Foundation will ensure responsible deployment of funds i.e start up funding while ensuring that backers are kept in the loop regarding developments, challenges and opportunities.
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