The founder of blockchain platform Neo, Hongfei Da, discussed the importance of next-generation internet at Unitize.
Most of today’s internet landscape is controlled by a countable few tech oligarchs such as Facebook, Tencent and Alibaba, according to Hongfei Da, the founder of blockchain platform Neo.
During the Unitize blockchain conference, Hongfei said that these companies have divided the internet into several fragments by creating their own data silos.
He raised concerns about how such companies intentionally use these data silos to impede competition while also abusing user privacy for both commercial and political purposes.
According to Hongfei, laying a new foundation for internet infrastructure that is more user-centric and decentralized is the best way forward for curbing these issues.
Five attributes of the next-gen internet
Explaining the important characteristics of the new internet infrastructure, Hongfei said that it should be modular so that “everyone can build a part of it and then every part can be integrated together to create a bigger application.”
In addition, he said it should be opt-in and promote interoperability.