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Web3+ Will Build a New World

Systems

By definition, a system is a set of elements, concrete or abstract, intellectually organized.

 

Humans are experts at identifying and replicating patterns, so we create systems for everything from the general organization of our society to turning on the stove to heat a pot.

Each part of a system has its function and, when these functions are not built efficiently, they can compromise the entire flow. When these parts are human beings, the concept of what is adequate becomes complex because what is right and wrong depends on the interpretation that can vary. After all, we are not simply being. We do not have a shallow understanding of our actions – we see countless shades of gray between black and white.

So when we establish a system where the parts that make it up have so many variations of perception, we trust that the criteria were interpreted in the same way by all its participants – we are usually wrong.

The complexity of these structure causes, at some level, every human system to fail, sometimes due to the bad intention of some participants, but usually because of the difference in understanding between the parties. We depend a lot on trust – it is rarely effective.

When you put money in a bank, it means you trust their management to be trustworthy and that they will deliver what you expect, but it’s not uncommon to feel betrayed by erroneously discounted fees or not being able to make a withdrawal on a specific date. This is usually because you trusted that the banking institution understood your needs and was prepared to meet them – just as the bank trust you to understand the requirements to operate the platform and this point is where both parties get frustrated.

Trust

It is what brings us security and frustrates us at all times. Trust is necessary for human systems to work, but it’s also the reason everyone fails. So systems that don’t rely on trust will always work as they were programmed.

 

This is what Web3 offers us – decentralization – as well as the properties of immutability and transparency, make these systems non-reliant on trust what has been proposed is what will be done.

 

So far, we have used this technique mainly in financial systems because of the need for security, but its applicability goes far beyond – whether in systems of social organization, service delivery, community participation and many others.

If integrity and transparency are essential to the system, decentralization will make it superior.

Nth

A strong community that continues to grow and works daily to change the way human systems are designed and operated to improve our society and provide transparency, integrity and opportunity for all – taking control of aspects that are so important to our society, from the hands of a few who are not part of the reality experienced by its users.

Nth is part of this community. Our mission is to foster the evolution and strengthen this new way of creating systems that do not depend on relative trust to function.

Leonardo Bonetti

Leonardo Bonetti

CTO of Nth and Blockchain Engineer.

"A problem solver using the right technologies to balance business with technical excellence.
Every new knowledge acquired I share with the developer community through participation in public projects on GitHub and writing articles."

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