Society as a whole benefits greatly from the exponential development of information technology. The Internet has democratized information sharing, but, like any complex socio-technical system, it tends to concentrate power.
The World Wide Web is centered around the cloud infrastructure of super conglomerates like Amazon, Microsoft, and Facebook. They enjoy economy of scale and have access to the best engineering teams to create even more gravity for the solid core.
We are all citizens of Google and Apple.
We are happier, fitter, more productive, but… dependent, monetized, surveilled.
Even best-in-class secure email and messaging services like ProtonMail or Signal require us to disclose our identity one way or another for long-term storage on their servers.
Ten years ago, Bitcoin paved the way for reliable censorship-resistant digital cash, truly distributed infrastructure, and innovative leaderless governance. It was followed by Ethereum, which has proven the concept of global general-purpose computing and formed a vibrant ecosystem of decentralized application developers.
While blockchain technology is still in its infancy, it has already experienced its own concentration of power.
Over time, the validation of public blockchains got pooled in the hands of a few miners, making it easy to form cartels and distort governance. There are 13 controlling pools in Bitcoin, 20 distinct miners in Ethereum, and 21 block producers in EOS. Fifty percent of Ethers are owned by 400 addresses. The “Proof of Stake” mechanism will only make the distribution more extreme — the rich become richer. Such is the nature of money.
We believe that a digital person is the building block of the decentralized future.
There is a call for a solution to the growing inequality of power in blockchain and Internet applications.
The Idena blockchain driven by proof-of-person consensus is our answer: Every node is linked to one single person with equal voting power. is our answer.
