Covering Disruptive Technology Powering Business in The Digital Age

The Web3 Infrastructure Foundation (W3IF) was recently launched in Hong Kong. It is a joint initiative of Flomesh, Starnet and HardenedVault, and the launch was successfully held at Cyberport. The Governing Board members shared the background related to the establishment of the foundation and how community collaboration solves problems. The meeting also invited Professor James Lei from the Hong Kong University of Science and Technology and hardware hacker Stewart Mackenzie to share their insights on topics related to web3 infrastructure.

The origins of Web3 technology and philosophy can be traced back to the 1990s cyberpunk community. This community consisted of a group of technology enthusiasts who were concerned about privacy, freedom, and openness. They opposed centralised authorities’ control and abuse of personal data. The decentralised, open-source, privacy-preserving and data-as-asset concepts adopted in Web3 infrastructure are rooted in the cyberpunk community.

Web3 infrastructure technology involves a range of fields, including:

• consensus algorithms (PoW/PoS), federation
• zero-knowledge proofs (SNARKs and ring signatures)
• Relay-Based Protocol
• DID (decentralised identity authentication)
• trusted computing
• confidential computing
• operating system runtime security
• software
• firmware and hardware supply chain security
• distributed ledger (blockchain)

The development of these technologies has also been inspired by the cyberpunk community, aiming to give individuals and corporate users more data ownership and control, making the network more open, free and secure.

Flomesh, Starnet and HardenedVault established W3IF to promote the development of the Web3 infrastructure ecosystem. The three founding members have plans for the foundation’s development.

Flomesh, as an open-source software company specialising in network software infrastructure technology, will provide the network infrastructure software needed for Web3 to the foundation. Starnet plans to contribute multiple high-performance decentralised network, storage and computing open-source projects to the foundation. HardenedVault is a company specialising in open-source infrastructure security and plans to draft node security specifications through the foundation’s work to benefit the entire community.

Hong Kong’s free port attributes and friendly regulatory environment for Web3 became external conditions for the establishment of the foundation. It aims to reduce the complexity faced by individual and corporate users and invites more individuals and institutions to participate in building an open ecosystem for Web3 infrastructure. The Web3 Infrastructure Foundation will involve the following aspects:

• Ecosystem construction. The foundation will promote the construction and development of the Web3 ecosystem, supporting open protocols, development tools, developer communities and technical research.
• Technical research and development. The foundation will support Web3 technology research and development, promoting the development of distributed computing, consensus mechanisms, smart contracts, privacy protection, node security and other technologies.
• Community construction. The foundation will support community construction and participation, encouraging users and developers to participate in the development, testing, and use of Web3 infrastructure.
• Ecological cooperation. The foundation will actively cooperate with other institutions and projects to jointly promote the construction and development of the Web3 ecosystem.

At the same time, the W3IF will also promote the research and application of next-generation data centre technology. Data centres are one of the core infrastructures of modern society, but traditional data centres have many problems such as centralisation, resource waste and environmental pollution.

Next-generation data centre technology will achieve more efficient, sustainable and secure data processing and storage by using more energy-efficient, environmentally friendly and decentralised technologies. The W3IF will support and promote the development of next-generation data centre technology and also showcase its application and value in the Web3 ecosystem through research and case studies.

After years of development, Web3 has gained widespread recognition and is now considered the foundation of the next generation of the internet. The development of Web3 infrastructure is also influenced by technological advancements in various fields, aiming to make the network more open, free and secure and giving individuals and users more data ownership and control. The establishment of the W3IF will further promote the development of the Web3 ecosystem and encourage more people to participate in it.

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