Haja Networks to Develop An Infrastructure to Support Internet 3.0

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The idea of a decentralized Internet, commonly referred to as the internet 3.0, seems to be popular in the blockchain industry but many things have to be created for this to be possible. Haja Network announced that it has plans to develop an infrastructure to support internet 3.0., reported Coindesk on June 12. 

Haja Networks will work with a new database protocol and a database network, which are both open-sourced products. These two products would allow interoperability between different blockchains and give access to users to sell or lease their data to companies while keeping the control on what information would be accessible for third parties, expressed CEO Samuli Pöyhtäri.

Recently, the startup completed a funding round that was led by Outlier, which also received the support of  Polychain Capital, BigchainDB and Creathor Ventures. The amount was not revealed publicly and Outlier will also be joining the Haja as a strategic partner.

In order to develop the new internet, the key is to solve interoperability for databases such as blockchain, expressed Outlier’s head of research, Lawrence Lundy.

Pöyhtäri mentioned that  “we see a lot of problems with the current web, with data being settled and data being monopolized by companies. There’s a problem with data being centralized, there’s [infrastructure issues], there’s censorship possibilities and it’s inefficient.”

He noted that it was important to facilitate databases communication while maintaining a peer-to-peer framework trustworthy, adding:

“We can’t really build the user experiences that we need to [in order] to be able to compete with the current web so that’s essentially what we’re enabling here, by building decentralized protocols to make data secure in trustless ways.”

Pöyhtäri is also convinced that once the infrastructure will be completed, it would help solve scalability problems and facilitate adoption.

He expressed,

“If we look at the usage of decentralized apps right now, it’s pretty bad in a way. I think everybody would like to see a lot more adoption and usage but essentially it’s not there. Part of that problem, a big part of that problem, is the scalability problem, which I believe is a topic right now … with different projects working on it.”

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