9 Components of the Decentralised Ecosystem that we Need to Build a Decentralised Society

Dr Mark van Rijmenam, CSP
The Startup
Published in
4 min readJul 30, 2019

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9 Components of the Decentralised Ecosystem that we Need to Build a Decentralised Society

Last year, Sir Tim Berners-Lee revealed his new vision, one where the internet becomes decentralised again as he originally had envisioned it. His technology is called Solid POD. It will allow every internet user to store their own data, be it video; articles; wearable tracking data or comments, and share that with anyone or any website that has connected to the Solid ecosystem.

Using the Solid POD, the user will remain in full control over their data and who has access to it and who not. A great new initiative that will hopefully bring us closer to a decentralised society where data is owned by those who created it, privacy is protected, security is a given, and distributed ledger technology will enable trustless transactions among individuals, organisations and things.

However, distributed ledger technology, which includes blockchains, is still a very nascent technology, and the complete ecosystem is still under development. To achieve a decentralised society, many more components need to be built, requiring global standards and significant investments. I estimate that it will take another 3–5 years before the ecosystem is ready for full-scale, enterprise adoption. Fortunately, many startups are working on various components of this decentralised ecosystem.

1. Infrastructure layer

Those applications that aim to create an infrastructure layer on which others can develop applications. Public blockchains include Ethereum, EOS, and Nxt, while private blockchains include Ripple, Hyperledger, MultiChain, and Chain.

2. Consensus mechanisms

Required to ensure the state of the network and determining which node can validate transactions. There are numerous consensus algorithms available, ranging from Proof of Work, Proof of Stake and many others.

3. Distributed computing

Using distributed ledger technology to distribute your computing requirements. Basically, cloud computing but then…

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Dr Mark van Rijmenam, CSP
The Startup

Innovation Keynote Speaker (CSP) & Strategic Futurist for Fortune 500 | Talk to my Digital Twin via text, audio or video in 28 languages!