What does the Web3 data infrastructure bring?

Web3 will be an integral part of our lives in the near future. NFT assets, decentralized e-commerce, the DeFi ecosystem, and blockchain-based applications (Dapps) will continue to grow their influence.

The decentralized structure that empowers the users is the new form of secure data and data privacy. However, this field is taking baby steps as there are lots of problems that need to be addressed.

Solving the data infrastructure for Web3 is an important and necessary challenge to further expanding this new technology among users. So, what does the Web3 data infrastructure bring? And how can we sort out the data infrastructure for a more robust and less redundant operation?

One of the key factors to be addressed for solving the data infrastructure for Web3 will be the higher computing power needs. As the system becomes more decentralized, high computing speeds are needed to ensure almost real-time transactions. However, transaction speed is still a problem for the Web3 data infrastructure.

The computing problem continues to be the key issue in the new decentralized ecosystem. As the peer connection becomes more decentralized, the computing power to sustain the connection increases. This brings the need to establish more servers to achieve higher computing power. However, these servers must be private instead of public to ensure the tamper-proof structure of Web 3. For this purpose, cloud computing and cloud storage can offer a solution. In this way, NFT assets and many other crypto assets can be stored and moved safely in the decentralized world.

Another problem related to data infrastructure is the data layer structure. The layers provide an integrated and secure ecosystem for the participants. The layered data infrastructure enables scalability and interoperability, as well as a distributed ecosystem for the participants. The foundation layer will be the blockchain layer, while the second layer will host the application or the system. The second layer is built on the first layer, which requires robust integration and openness for scalability. Adopting the second layer can help solve the problem of the data infrastructure not being able to grow.

Building a two-layered blockchain structure enables both enterprise and end-use adoption. While enterprise adoption can occur in the first layer, end-user adoption can occur in the second layer, where the real system or application is built. This provides a DeFi ecosystem to empower different participants. The data infrastructure for Web3 mainly focuses on consumer data, NFTs, and e-commerce to ensure high data reliability and security. Thus, the main problems of businesses and the people who use them can be solved: data privacy and data encryption can be implemented.

In terms of data infrastructure for Web3, interoperability refers to cross-chain data infrastructure. Thus, interoperability enables compatibility among different chains, such as Binance Smart Chain, Polkadot, Cosmos, and Ethereum. The bridge between these chains helps with the faster growth of the decentralized ecosystem. Further, interoperability established for the data infrastructure facilitates asset transfer across different chains. Polkadot compatibility can help the data infrastructure meet the interoperability conditions. Because of this, it can be easier to use blockchain technology in real life because of the interoperability feature of the data infrastructure, which can help.

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