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Mikhail's Projects

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A lot of decentralized finance applications appeared in 2020, which became the first example of a massive transition to Web 3.0. In my opinion, the Web 3.0 revolution will go far beyond decentralized finance: over time, most of the various identity systems, education and healthcare, cloud computing and storage, art and control over them, insurance services, instant messengers, Internet advertising services, and the labor market will move here. And it is not a complete list. Identity protocols will allow users to manage their own data and not to be worried for its safety and security. User data will be stored decentralized and, at the same time, the legal significance and provable verifiability of such data and documents will be available. In the Web 3.0 version of healthcare, no one but the patient will have access to her medical and vaccination history, test results, insurance data, or medical payments. End users, not large corporations, will be able to get paid for the ads they view. Storage and cloud computing applications will share, encrypt, and distribute data across tens of thousands of separate, independent hosts. In WEB 3.0 messengers users will be able to freely communicate with friends and be sure that none of the outsiders will gain access to their conversation. The decentralized digital art market is already gaining momentum and I am confident that this process will only accelerate. I am sure that in the near future we will see decentralized applications of the labor market, equivalent to LinkedIn, Indeed.com or Job.com, where users will be able to have full control over the information provided. We need to understand that there are many questions to be answered and many obstacles to be overcome before the Internet becomes a truly peer-to-peer decentralized network. However, organizations like The Graph are already working to accelerate this process and I am happy to be a part of it.

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