How do Web3 Meetings Work?
Web3 meetings, or decentralized web meetings, are an innovative platform for online conferences that leverage blockchain technology. They are run on a peer-to-peer network, giving each participant equal authority over the conference. This is as opposed to traditional virtual meetings, which rely on centralized platforms and servers.
It is crucial to understand how they function and how they differ from regular virtual meetings. The Web3 ecosystem continues to expand, and more people become interested in the benefits of decentralized technology.
In this article, we’ll discuss the inner workings of the technology behind it. We’ll go over this decentralized meeting, the resources for organizing and attending them, and the ways in which you can get involved. Let’s go!
What is Web3?
Web3, also known as the decentralized web or the blockchain web, is the next evolution of the internet. It aims to create a more open, secure, and user-centric internet by leveraging blockchain technology. One of the key applications of Web3 is the ability to hold decentralized meetings. Its participants can collaborate and communicate in a secure, decentralized environment. Next, let’s see what happens when you implement it in meetings.
What are Web3 Meetings?
They are a new type of decentralized meetings that leverage blockchain technology. This is to enable secure, transparent, and trustless communication and collaboration. They are built on top of the Web3 stack, which includes decentralized storage, identity, and communication protocols.
Unlike traditional meetings, they do not rely on a central server or authority to manage participant communication. Instead, they use decentralized networks to ensure that all participants have equal access to the data. Also, users can verify the authenticity of the information exchanged during the meeting.
They can be used for a variety of purposes. Some of these include team collaboration, project management, and even virtual events. They provide a more secure and private environment for communication and collaboration. This makes them a popular choice for companies and organizations that deal with sensitive data.
How do Web3 meetings work?
A combination of decentralized protocols and applications powers it. They work together to provide a seamless and secure meeting experience. Here are some of the key components that make up a Web3 meeting:
Decentralized Communication Protocols
One of its key components is decentralized communication protocols. These protocols enable participants to communicate with each other. In a secure peer-to-peer environment, relying on a central server or authority is unnecessary.
The InterPlanetary File System (IPFS) is an instance of a distributed network protocol. IPFS makes it possible to build a truly decentralized network when used as a protocol. Files can be shared and accessed amongst users in a decentralized manner. It is used to store and share meeting documents and other important files.
Similarly, the Secure Scuttlebutt (SSB) protocol is an example of a decentralized communication system. SSB is a decentralized protocol that allows users to have encrypted conversations with one another. It facilitates instantaneous communication during meetings.
Decentralized Identity
Another key component is decentralized identity. Decentralized identity enables participants to prove their identity without relying on a central authority. This is important for ensuring that only authorized participants are able to join the meeting.
The Decentralized Identifier (DID) protocol is a type of identity protocol that operates without a central authority. DID empowers users to create and manage their digital identities independently of any organization. It’s the standard method for establishing people’s credibility in Web3 conferences. It makes sure that only those who have been invited can join the meeting.
Smart Contracts
Smart contracts are self-executing contracts that are stored on the blockchain. They let people make and carry out complicated agreements without having to rely on a central authority. In these types of meetings, smart contracts are used to make and enforce the rules and agreements for the meeting.
For example, a smart contract can be used to set meeting agendas, assign tasks to participants, and track progress. It can also be used to enforce meeting rules. It can be used to implement participants to sign off on meeting minutes. Also, it can be used to ensure that only authorized participants are able to access meeting documents.
Decentralized Governance
Decentralized governance protocols are in place for decentralized meetings. Participants can make decisions about the meeting without relying on one person in charge.
One example of a decentralized governance protocol is the Decentralized Autonomous Organization (DAO) protocol. A DAO enables participants to create and manage a decentralized organization without relying on a central authority. It is used in decentralized meetings to enable participants to make decisions about the meeting.
Freename as a Web3 Meetings Host
Freename’s potential as a decentralized meetings site means it could one day offer users a safe, decentralized alternative to centralized services like Zoom and Google Meet for confirming their identities and participating in online conferences. This could be especially helpful for distributed groups or societies that value anonymity, safety, and freedom.
Check out this tutorial to learn more about how to host Web3 meetings with your Freename domain.
Users would have more control over their data and identities if they hosted their Web3 gatherings on Freename rather than relying on third-party providers. To give users a better-decentralized hosting experience, Freename partnered with Huddle.
This is an opportunity to benefit from Freename’s Web3 domain hosting into its website. Freename users can directly host their meeting from their freename account without even having an account with Huddle. You can trust Huddle to provide you with a secured end-to-end meeting encryption. All of your discussions are protected.
Conclusion
Web3 meetings represent a significant evolution in how we communicate and collaborate online. By using decentralized communication protocols, decentralized identities, smart contracts, and decentralized governance, they create a safe, open, and trustless environment for communication and collaboration. Decentralized meetings can change how we work and talk online by giving us an option that is more private, secure, and focused on the user than traditional online meetings.
They can revolutionize how we work and interact online, providing a more private, secure, and user-centric alternative to traditional online meetings. As more companies and organizations adopt Web3 technology, we can expect to see an increasing number of decentralized meetings taking place and a growing community of users and developers building new Web3 meeting applications and protocols.
While Web3 technology is still in its early stages, the potential benefits of decentralized communication and collaboration are clear. As Web3 continues to evolve, we can expect to see even more innovative applications and use cases emerge, leading to a more open, secure, and decentralized internet for everyone.
