A16z Announces Recommendations: 10 Principles for Global Leaders Creating the Future of Web 3.0

Dictionary text notes:

After Coinbase, FTX, and Binance delivered on their vision for crypto governance, Andreessen Horowitz (A16z), a firm specializing in the crypto industry, announced its own rights to Web 3.0 standards.

While previous Coinbase and FTX legislation focused solely on US law, this time A16z policies were in line with Binance's agreement on "non-US authorities rule the world" and include government, corporations and Civil society. . There are many ways to manage.

Here is the translation and interpretation.

It's time to build a better Internet.

The world needs technology that employs millions of people on the edge of innovation and empowers them to take control of their digital lives.

it isTechnology processes include Web3.0, digital assets, financial management (DeFi), blockchain, smart contracts, tokens, and decentralized autonomous organizations (DAOs).. Together, these tools create new forms of human interaction. They can resolve many conflicts in life and help communities make better decisions on key issues such as how to communicate, good manners and communication skills.

Web 3.0 is an extension of the Internet. Just as the Internet has changed the way people communicate and exchange information, Web 3.0 has been defined as a change in process that changes overall value.After the Internet, the emergence of Web 3.0 is the greatest technology in the world. The first generation of the Internet, Web 1.0, was incubated by government and civil society and then gradually spread around the world. Web 2.0 (the biggest technology today) started as a small business in the environment and in a few years became the biggest business in the history of mankind. At the same time, Web 3.0 is slowly emerging in the world. The most active countries in DeFi today are the United States, Vietnam, Thailand, China, the United Kingdom, the Netherlands, and Ukraine, while the top crypto users are India , Pakistan, Ukraine, Kenya, Nigeria, Venezuela and Argentina. Venezuela is a prime example of how financial applications of cryptocurrencies can fill a void in a country with a turbulent economy.

However, Web 3.0 has become increasingly proven worldwide, and not just in financial history. Web 3.0 applications, marketing and game studios have grown all over the world, and many projects are now developed by international teams, divided according to DAOs. The global developer community has grown at an unprecedented rate.

Web 3.0 represents a significant change in the way people and communities use it. Profitability and revenue share has been removed from the central player and sent to community members around the world. Web 3.0 offers virtually no restrictions on the availability of new forms of membership and collaboration.

However, recognition of the potential of Web 3.0 depends on developers' interest in paving the way for innovation. Managerial thinking can form the basis for new developments that can benefit people when determining the risks that can be posed to users.

Given the rapid growth of Web 3.0, now is the time for world leaders to get involved. Policy development for Web 2.0 is inadequate and slow. You should not repeat this error in Web3.0. Instead, policy makers need to think about how to use digital tools in an open community and how to create and measure the success of the next generation of the Internet.

We believe that Web 3.0 must be developed around a clear objective. In particular, the next generation network must:

we believeWeb 3.0 will be the cornerstone of a new era of financial transformation and digital infrastructure.. In a decentralized system, the cost falls on the platform and the user, not the intermediaries. Because they are distributed, these systems are more powerful. The Web 3.0 project has now shown its potential.

Whether these tasks are completed or not, new developments continue. These innovations include the lack of collaboration and exchange rates between digital and unreliable peers, analytics, and mature digital marketing.

Now is the time to work together on behalf of the global community to lay the foundation for Web 3.0 to thrive globally. This requires a partnership between the legislature, the public sector and the private sector. To facilitate dialogue, this document sets out ten principles for how communities around the world should work together. We're still in the early stages of Web 3.0, but work should start today.

Code PaysYou must have a clear vision of how to support the development of digital marketing.

Due to the lack of performance or control, the Web 3.0 infrastructure represents a significant improvement over traditional weak, intermediate and specialized systems.

A national technology strategy should include the benefits of blockchain technology critical to human rights, such as privacy, property rights and ownership, and protect financial processes while strengthening financial integration and cybersecurity.Privacy management and confidentiality should be the foundation of Web 3.0.By design, this has the added benefit of enhancing compliance with existing policies.Web 3.0 auditing capabilities combined with proprietary solutions such as ironclad authentication reduce compliance costs.

When it comes to the future of Web 3.0, public enterprise, private enterprise, and human beings are a unique combination of intelligence and thinking. Therefore, legislators should explore the regulatory framework of various stakeholders. A good example is the Brazilian Internet Steering Committee, a government body created in 1995 and led by representatives from various sources that has overseen innovation and access to Internet services in Brazil for nearly 30 years.

Web 3.0 includes many aspects of human behavior such as graphic design and publishing, movies and games, document filing and archiving, advertising, loans, remittances, etc. The easiest way to put all of these resources together is to look at Web 3.0 as a whole. Treating all digital assets the same is like having a law that includes "businesses, real estate, automobiles, art, watches, and business cards."

It is important to know the differences between rules and implementation. TCP/IP, HTTP, SMTP and TLS/SSL are all protocols we deal with on a daily basis. Establish Internet and simple applications such as email and file transfer. Standards for this process have been developed by some government agencies, non-profit organizations, private organizations, and schools. Above all, no one controls this process. Nonprofit organizations such as the Internet Engineering Volunteer Working Group may create specialized models, but the processes themselves are open and collaborative. Likewise, the Ethereum blockchain adopts the open source model of Web 3.0, and nonprofit organizations have benefited from the development of technology that is part of the entire Web 3.0 ecosystem.

Most Web 3.0 features have open source procedures, including store, count, borrow, and rate exchange procedures. Like the Internet protocol developed over the past year, the Web 3.0 protocol thrives on a strong community that supports its development. The development of these policies is open, decentralized and transparent, which makes them more resilient and neutral towards the applications that use them. The rules must take advantage of these advantages.

Configurability is an integral part of Web 3.0. Just as Lego light bricks can be assembled into different shapes, anyone can use smart cards to assemble them in new and unique ways. If someone has already performed an update using smart contracts, you can integrate these solutions into your project seamlessly.

Web 3.0 improves integration through an open community where everyone can participate and contribute.This will create more value cycles where those contributing to the work being done will benefit from the added value. Web 3.0 can also open up all new financial models to public products. Policymakers should strive to accelerate the development of this flywactation process, including by reducing access to and supporting travel data.

In Web 2.0, the business benefits of a website have shifted to larger businesses that operate on the web. In Web 3.0, the value of the network belongs to the users, communities, and developers who create value, not the average person. It is important that people, especially those now at the forefront of innovation, have the opportunity to create value and reap the rewards of their efforts in digital network innovation.

For example, shared hosting like Helium shares business benefits with individuals and communities hosting network infrastructure. Games like Axie Infinity allow players to earn in-game rewards and rewards, and have quickly become the world and promise a new frontier. Likewise, Web 3.0 developers will allow artists and musicians to finally earn most of their income from their work, and not their income from platforms and intermediaries.

The company was the first model of private sector establishment in the 20th century. And DAOs can serve as a platform to foster collaboration in the 21st century.DAOs enable individuals to collaborate, manage operations, manage assets, invest, and operate as a key business, but also provide high levels of visibility, performance quality, and accountability over participating models.It is important to create the space for this new partnership to succeed so that DAOs enjoy the same legal protections as traditional businesses.

The Web3.0 platform has the potential to create value that supports the SDGs, for example by improving the quality, integrity and efficiency of carbon industry products.

Celo's paid blockchain can handle 7 million ounces of CO2 per ton, or about 8 times carbon emissions with offset. By comparison, one estimate points to a 70% reduction in performance for the Visa network, which is expected to average carbon emissions by 2040. Other Web 3.0 projects, like MakerDAO's "Clean Funding" proposal, hope to innovate in front of clean energy financing. Thus, Web 3.0 must be used in new ways to support the global goals of sustainable development.

Large Web 3.0 projects don't require much effort in most cases. The Ethereum blockchain, commonly used as a protocol in Web 3.0, will soon implement an energy-efficient Proof-of-Stake (PoS) approval mechanism that reduces energy consumption by one in 1000.

At the same time, policymakers must continue to work with the bitcoin community to bring higher levels of stability and efforts to expand the bitcoin blockchain. Efforts are already being made. The Cambridge Financial Center found that 76% of bitcoin suppliers use renewable energy, and 39% of all electronic devices use bitcoin from renewable energy, twice that of the US power grid.

Over the years, financial management has achieved great success in improving consumer electronics. However, little has been done to improve and streamline key financial processes, especially in international payments, withdrawals and settlements. This means that millions of people around the world are exterminated by the inheritance process due to excessive costs.

Decentralized financial technology (DeFi) is already capable of driving hundreds of millions of dollars in business every day, showing that there is now a way to solve global financial problems 24/7. Stablecoins are at the heart of DeFi and prioritize a secure, programmable, and initial representation of digital value.

In order not to lag behind its competitors and provide more opportunities for financial accounting, the international community must promote positive outcomes by providing clear and cost-effective legal procedures. To facilitate the development of the stability ecosystem, it is necessary to establish several controls for different types of stability.

Lawmakers should also consider implementing the benefits of fixed income securities. For example, stablecoins may lead to more scrutiny and disclosure than is available to consumers and administrators today. It can also provide national security and law enforcement agencies with new ways to detect and prosecute criminal offenses, when coupled with confidentiality requirements.

Global integration of governance processes is necessary to make Web 3.0 a reality. Policymakers need to consider how Web 3.0 can become a technology that enables multiple collaborations to solve today's global problems.

An example: countries must work together to usher in a new era of cross-border payments. Today, cross-border businesses can join five or more intermediary banks and take days to complete due to lack of regulation. This means that the average cost of sending a $200 return using an existing process is around 7%. However, cross-border payments using decentralized technology can be made immediately with unreliable rates.

Of course, global cooperation is also important to prevent terrorists (such as terrorists) from using Web 3.0. Web 3.0 infrastructure, such as persistent data sharing, can improve security by thwarting ransomware attackers and other actions.

It is in the interest of the country and the Web 3.0 community to promote tax compliance in the ecosystem. Tax organizations can effectively use Web 3.0 technology. If tax reporting needs to be extended to capture Web 3.0 performance, it is usually the responsibility of the actor to collect relevant data that is not available to the organization. . With public chains (public chains), the members of the network cannot have more information than the tax authorities by analyzing the blockchain correctly. At the same time, it is not beneficial for public taxpayers to see everyone in every sector and think about how confidentiality can improve compliance, for example limited by the use of zero-knowledge evidence to establish a good research study.

A16z content:

Countries that accept this content will be better able to recognize the capabilities of Web 3.0 and better respond to the unexpected challenges that come their way to more users.