Intent-centric Account & Access Layer for Web3
With the development of the Internet, Internet giants such as Google, Facebook, and Twitter have hoarded a massive amount of user information and data. Although there are privacy agreements in the Apps to govern and limit the scope of such data usage, they still conduct large-scale and invasive analyses and portraits of user behavior based on the data.
However, it is fortunate that with the emergence of blockchain, digital currencies, and cryptography, public chains represented by Bitcoin and Ethereum have attracted a large number of users, making more novel cryptography-based authentication methods visible and possible, and it is now becoming a reality that the internet giants no longer arrogate user data.
The promise of Web3 is that we, the end users, can take ownership and control our data. And in achieving that, it helps us build better data ownership and security, fight against unfair censorship, and move us towards financial freedom, transparency, automation, and a fairer creator economy. Ultimately, the Web3 community vows to bring innovations to transform many incumbent industries.
However, on the other hand, using private keys or mnemonic words has inevitably raised the threshold for everyday use, which explains why the authentication method based on cryptography has yet to be widely recognized and used by the market. And the current blockchains and the applications built on top remained highly transaction-centric and difficult to use.
The market is now more desperate than ever for a low-threshold solution that can offer great useability. In the next stage of Web3 developments, we must transform the blockchain experience from a manual, step-by-step process to a more intuitive, outcome-focused approach.