Blockchain as Part of the Web: Does It Fit in?Schools are now using Bitcoin technology to record and verify candidates' credentials; and to track the creation or transfer of physical assets, shareholdings, certifications, digital rights, intellectual property or even votes.
Some say it represents the second generation of the Internet. But what’s in it for the Web?
The World Wide Web Consortium W3C voluntarily convenes companies and communities to help structure productive discussions around existing and emerging technologies. It is seeking answers to several questions relating to what the Bitcoin blockchain or other public or private distributed ledgers portend for Web technologies beyond payments.
W3C states on its website:
“When we talk about blockchains as “part of the Web”, we face some specific questions: How does this fit into the same origin security model of the Web? What are the privacy implications, especially when talking about identity management? What part of the Web stack would be involved: client-side, server-side, protocols, interchange formats? What is the relationship to payments, including W3C's Web Payments work?”
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