Web3

{
  "id": "MLC-T-CYB-004617",
  "term": "Web3",
  "field": "Cybersecurity",
  "definition": "Web3 is a restructuring of the internet that places ownership and operation into the hands of users themselves, thus changing the structure from organization-centric to user-centric.\n\nWeb3 proposes several changes to the existing web architecture:\n\n• Users own their data and are responsible for their data, data security, and data privacy.\n\n• Decentralized and distributed systems are used, and users can host and run applications.\n\n• Applications and organizations request data directly from users.\n\n• Users can supply applications and organizations with actual data or verifiable credentials/verifiable presentations of their data or choose to deny applications and organizations access to their data.\n\n• Applications and organizations may offer incentives for users to provide data.\n\n• Data can be tokenized and transferred directly between users.\n\n• Application execution and transaction fees are paid for with web-native currencies (e.g., cryptocurrencies).\n\n• Users who execute application logic and maintain the state of systems can receive payment in web-native currencies (e.g., cryptocurrencies).",
  "references": [
    "NIST IR 8475",
    "NIST CSRC Glossary"
  ],
  "url": "https://mlchart.com/terminology/cybersecurity/web3/"
}