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Your personal data is valuable because it represents the blueprint of your digital life. Your data is sacred, and it should be yours to own and control.
An Internet Where You Control Your Personal Data
Web3 aims to grant individuals authority over their digital lives and protect data privacy, it is believed that people should own their digital identity and have full control of their personal data. There are two important aspects to having full control of your personal data: data sovereignty and data interoperability.
Data sovereignty means you, and only you, are able to decide who (what apps) get access to your data, what data you want to share with those apps and how your data is used. If you don't want to share your home address and bank account info, you don't have to!
We believe that control over your data starts by owning your digital self-sovereign identity. Web3 Domains - a powerful self-sovereign data container - makes this possible. A Web3 Domain, in its simplest form, is a digital name that exists as NFTs on the blockchain. So once you own it, it's yours. No other entity can mess with it or take it away from you, not even us!
With an Unstoppable Domain, you are able to opt-in to the data you want to store on your Web3 Domain and the data you want to share with apps.
All the data you store on your Web3 Domain is your choice, such as Domain Profiles, Profile Badges, Humanity Check, and much more!
Data interoperability is the ability to access your private data from the various apps you use and move it freely amongst apps and blockchains.
Moving data across apps was difficult, if not impossible, in Web2 because big tech companies created walled gardens for their solutions. This lead to your personal data being locked into application silos. That's why, for example, your Uber ratings can't be used on Lyft even though they collect similar types of data. Well, this is going to be a less pressing issue in the future.
Because Web3 is based on non-custodial solutions (aka the platform doesn't store your data), data interoperability is possible! We believe your self-sovereign identity, like your Web3 Domain, will be able to point to your data across the many apps and services you use. And you can take that data wherever you go using our Login with Unstoppable solution.
While wallets are great for storing your digital assets, they can't identify unique users. And one person can have multiple wallet addresses across the many blockchains. Web3 Domains support on-chain data, like wallet activity and Badges, and off-chain data like email addresses and much more to come. And you can associate all your wallets and data with Web3 Domains and start to BYOD (Bring Your Own Data).
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Next News: Introducing AI-Generated Domains
