With recent advancements in technology bringing web3 closer to becoming a reality, some governments may be unwilling to cede control to the people.
Web3 is a catch-all term that refers to the next iteration of the internet: an open-source, decentralized, permissionless, and trustless system built on top of blockchain technology.
However, even as the reality of web3 draws closer, there seems to be an unwillingness among government authorities to embrace it. Some observers have hypothesized that this seeming hostility stems from government fears of losing control and oversight of the internet and the data carried within.
Why governments might be worried about web3
On a fundamental level, the internet provides a platform for unrestricted and immediate communication, which should benefit global connectivity. However, various nations have adopted a trend of surveillance and regulation, resulting in the curbing of the freedom to access the internet and express opinions.
This tendency of states to impose significant restrictions on technology underlines the uncomfortable reality that all technology possesses an inherent political dimension, and it’s no different with web3.
There are several reasons why more authoritarian governments, and even fairly liberal ones, might feel uncomfortable about the concept of web3. Below, we’ll explore a few of them.
Regulatory challenges
Web3 is a radical departure from the traditional structure of the
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Author: Julius Mutunkei
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