Layer 1 Stage | NEAR: The Open Web Vision

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   this see thank you hello hello it's great to be here third nearon amazing really good to see everyone thank you for the all the people who are working to put this together it's an incredible amount of work going in to do this so I want to welcome and thank everyone who has been involved in doing this yeah let's do it let's some energy I mean we just saw you know a web 3 Steve Balmer all right so I want to talk about the open web Vision the kind of near and

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   uh what is open web right I I frequently get asked about what is the near Vision right why are we doing this and the core idea always been to bring the open web in through form that we can imagine to give everyone control of their data assets and power of governance and to be clear the open VB is not a New Concept it's not a web 3 concept it's existed before it started the web started as open it started as a

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   way you know of various protocols communicating to each other and everybody participating in it but the kind of Technology wave the uh that's you know brought social media and search engines and kind of all of these companies it leads to monopolization it leads to centralizing control it leads to taking the data that you put in and using it to kind of as a product and monetizing that product it makes users to be consumers as Chris mentioned in his previous

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   talk and so the Innovation that blocks chain brought the new form of ownership the way to not require any single party to be a representative of your ownership but relying on the decentralized ledgers on decentralized set of Technologies is what changing the wave right it's what bringing kind of back the original ideas of open web it's also something that didn't exist before in the world period

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   even kind of from Don of like the money the um kind of you know ownership of real estate ownership of companies everything was always defined by somebody else right there was somebody else who needed who was ensuring and uh recording this and you relied on that as a consumer or business and now we have something that's different that allows to have kind of this common ownership to have the participants themselves to ensure

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   that their records are kept in a fair way and that's what really kind of the vision we established but this is not just a vision for near this is a vision for the whole Space we are really trying to bring this Vision forward and make it accessible and usable but it's also important to understand that as individual user as individual founder you're not kind of choosing your apps because of this Vision you're not choosing day-to-day to

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   use you know application based on what values they provide you choose them based on functionality based on kind of what you can receive from them and then you complain when they leak your data again and so it's important to understand that the first and foremost it's about showcasing what benefits and value that open web creates for Developers for Founders and for users as a Founder you choose something that you can use to

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   address a bigger Market to create a more liquid uh ecosystem for yourself to have cheaper transaction fees not just web three transaction fees but broader as you do in financial operations to not pay a bunch of middlemen a high transaction fee and so this as well as when you're starting a new company how can you bootstrap your user base how can you connect to more people quick quicker that's what open web that's what 3 is all about it's about actually providing

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   New Primitives as well as economic better Economic Opportunity and a way to build businesses differently in such a way that they are better businesses they provide better uh kind of experience to the end user and in turn create bigger economy and so we want to be the ecosystem that is the best place for founder to build this is a place for you to come and actually leverage this

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    technology leverage the community bring all this together and really build successful open web companies which are truly better as a product for the user which are truly easier for you to build and which are at the end benefit and move us towards this open web Vision instead of kind of going into a very dark mirror episode uh State now the other important part to Define is what is NE ecosystem because it all starts with technology

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    it's all started with technology but at the end it's not just technology technology is a piece of it it's a part that enables it it's kind of the building block but at the same time it's about the public goods the founders the community here the principles that we follow when we build this right in blockchain the principle of immutability the principle of um kind of user having

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    control over applications they use is something that we instilling and showing why it's better way to do things than kind of traditional way right the application that is mutable or is owned by the users of this application is better application you can rely on when you build your kind of layer on top because it's not going to change under you it's not going to go out of business

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    it's not going to disappear here right there's examples in web 3 where a business that's built by few people in metaphorical garage are being used for billions of dollars of value and been multiple billion dollar businesses are built on top of it right this is impossible to imagine in traditional web where you know you will expect a kind of a thousands of people company to be able

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    to do something like this and and have enough reliability that they're not going to go out of business tomorrow and that's kind of the princip principles that we want to instill to build this uh kind of applications in this new way now important to mention is also the evolution of Technology the blockchain kind of introduced New Primitives but zero knowledge technology is introducing something new as well

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    blockchain meant we need hundreds of servers thousands tens of thousands of servers around the world that revalidate the same work that have billions of dollars at stake for security to make sure that nobody is at F play Zero knowledge brings something new where you can have one single server that runs compute and is with this kind of proof can ensure that the computation that was done is correct that was not manipulated

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    and cannot be changed later and that is something that's introducing again new primitive it's something where if before you needed you we were expecting blockchains to scale to millions of transactions now we can have lots of sub kind of servers running specific applications and proving their kind of uh execution to everybody else without needing to actually synchronize a whole uh transaction on one blockchain it is

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    something new there will be talks about this throughout this conference but kind of principally speaking what this means is is that the blockchains themselves are becoming more and more similar to traditional infrastructure where as a user you don't actually care as much on which blockchain application runs because if the security is Unified if everybody like proves what they've done with a zero knowledge proof you don't need need to kind of have like

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    expectation that it's on this blockchain on that blockchain and you can leverage kind of this unified security liquidity you know State across all of the blockchains that you know are supported in this way and because of this what's becomes even more important is user experience it's a way to interact with applications is a way to engage users and short after last nearon we started working on this we realized that this is coming and we realized that we need to give more

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    instruments more tools as well as New Concept to developers and Founders to build in this new way where blockchains are becoming more unified and that's when we introduced blockchain operating system um kind of in February uh this year and blockchain operating system is really a combination of layers right it's it's you know similar to other Stacks uh kind of if you're familiar with internet stack it pro it built on top of each other right it starts with

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    blockchain protocols it goes into a data layer where you know all the data lives and I'll talk about that goes into identity which is extremely important it's what we link the kind of security and ownership to and it goes to applications which are really driving the value and actually in front of the users so through kind of this year near became the home for top consumer applications it is because we have the easiest to use blockchain it is because

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    it scales it works off the shelf and the biggest applications in web 3 consumer applications in web 3 sweatcoin and Kai Ching have chosen to build on near and leverage near technology this kind of is a proof point to the vision we building these users who are using sweat and Kai chain they don't use it because it's blockchain they don't use it because it's open web they use it because they get the value of it they use it because in case of Kai Ching

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    they're able to SL kind of reduce their transaction costs from VB 2 from stripe to you know 100s of what they pay there it allows kind of to leverage near technology to really bring value to both their users to have the economy around their own kind of user base as well to themselves to kind of create you know and and capture portion of this economy and and don't have to pay ton of fees and importantly none of their users need

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    to install extensions figure out seed phrases and kind of engage engage with the standard crypto interactions it smooth experience that everybody can use and this is a and this is the products that are going to be driving the adoption in in uh web 3 and bring people into open web another example as we've been building out the blockchain operting system is a dabdab they're uh launching soon uh and this is an example of kind

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    of this multi-chain chain abstraction idea that you can have one application that is open to all the users and it has all the blockchains the blockchains is just an infrastructure it's not you know you don't think of like oh is this Facebook page served from uh Google or Amazon or their own data center or if this Netflix movie been uh right now streamed from this CDN or that CDN and similar here you can just use applications across all of the ecosystems and you can access everything from one

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    place and the important part is every single piece of the application built here is built through decentralized front ends application front ends this is where you can actually go and open the source code you can inspect how they build you can see how much usage they get you can actually Fork it and create your own application this creates a new programmable environment for developers

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    to build applications that span across blockchains that abstract the blockchain details and actually offer Direct Value to the user and so I invite for those who haven't seen it near. org you can uh explore applications and you can always check out in developer tab how is they built identity we've invested a lot in how do we make not just cryptographic identity you know the blockchain accounts near has pioneered account

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    abstraction from uh the M net and beyond that how do we make it easy to unboard new users right the ask has been we just want to log in users with Emil and so we built something that is using your phone cryptography allows to sign in through email set up cryptography on your phone have an email recovery through multiparty computations through kind of decentralized custody and offer a smooth experience

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    that users are familiar with and it's actually faster than web 2 because you don't need to come up with a password or like try to find where it is it then allows you to use gasless transactions right away and pretty much onboards you into web 3 without needing to think about all the details that usually you know as a web three person you probably think about it's like where do I custody my keys where is seat phrase go what is

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    a ZX address um how do I pull it up there's more coming on fastos but there's also talk in more detail on this on the other side we also it's realized it's important to have compliance it's important to have identity verification there is value in uh kind of having access to accounts that are kind of verified and so we partnered with uh fractal on idos offering that as well as a primitive to all the blockchain

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    operating system developers now the next step of the fast off is introducing something what we call account aggregation now that you have one account on near that you signed up extremely easily you can actually use this account similarly how would use you know coinbase a binance account on multiple chains the way it's done is the near validator set itself becomes a decentralized multiparty computation signer for transactions on other chains

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    but what practically means for the user you sign up once and now you can use applications everywhere without needing to switch networks without needing to use Bridges and deposit funds and so if you remember dabdab right now you still need to switch network if you use application on different chain but with account aggregation this will get all abstracted this goes to the next step of the chain abstraction thesis where users

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    will know less and less about the blockchain applications is running on or maybe running on multiple and more about the experience they're getting the value they're getting from it and so any near account or smart contract will become enabled to Z it also means you can build multi-chain applications really easily on near because they can just sign transactions in other chains we've invested in data data layer is extremely important blockchain is not optimized for reads it's not designed to

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    be kind of a way to like access it in various ways that developers really want and so beyond rpcs and kind of indexing framework we introduced query API it's a way it's a protocol to Define how you want data to be indexed from the blockchain and then anyone in theory will be able to run kind of nodes that follow this protocol and and offer this data and what this means is you can have custom complex queries aggregating data

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    from the blockchain stored uh in kind of databases of the providers and access them and this is extremely important if you have if you want to have reactive applications if you want to have something that shows you analytics over time if you want to have something that is more complex at what transactions are are on a blockchain we also partners with herbit herbit is kind of a new also operating

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    system for the new uh age and it's a place to store personal data it's ways to peer-to-peer interactions and groups it's a place to also have our kind of blockchain operating system front ends which are decentralized being accessible across all of the servers they have and finally in calero for those who haven't tried it uh the nearon chat runs on calimero which is a private Shard of kind of uh technology forer which allows to run

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    the kind of applications that are don't need or can store their data in the public chain and also have you know faster performance not pay for gas fees Etc and so nearon chat runs on that kind of powered by this technology while the front end is powered by the application stack but it's comes with unified identity unified kind of application such that as a user you don't actually need to know that it runs on a different uh servers for example you have just an

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    application you log in with your kind of near account and you start using it finally protocol right the blockchain the kind of Technology we started with near has been fast transaction execution it's extremely cheap data availability it's fast and kind of secure settlement and so today we want to announce near data availability this something that leverages existing near technology the fact that near is 8,000 times cheaper to store data than ethum

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    and we have and we have a number of First users already signed up myara by Stark net fluent Caldera movement Labs Dimension and vistara to start leveraging this uh kind of as it uh launching their layer twos and again within a bigger Vision all of the layer twos now provide new functionality they have their own Focus but for the user you have this Unified experience you have this unified um kind

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    of abstracted uh access and you can start kind of interacting with this and benefiting from the cheaper transaction fees that near provides now the other announcement we have today is partnership with polygon on building ZK vasm polygon has become a zero knowledge experts they have built an amazing piece of technology that provides kind of Prov infrastructure and they continue innovating on it on our side we have

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    spent tremendous resources in building web assembly to allow developers to use common programming languages rust JavaScript C++ anything you can run because web assembly is something that's available on every phone on every laptop on every device web assembly is also used by lots and lots of companies and Enterprises on edge computation this partnership allows to bring these two parts together and introduce something that as I said is changing how the computation is done

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    where before you needed lots of servers to replicate the compute lots of servers to ensure that every everyone follows the rules now you can just run it on end on your personal server or on uh kind of a shared set of computers and generate a proof that everybody can verify extremely cheaply for any amount of computation to ver to kind of ensure that the computation is done the web assembly we have built on near is one of

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    the easiest virtual machines for blockchain that exists it's pretty much a very simple service oriented with a with a database and by by doing this is kind of opens up a new way not just for blockchains but also Beyond to verify compute for us it allows to have kind of continuous scaling of the blockchain of near it allows to have proofs for each individual Shard which we can Aggregate and not need to reverifying the proofs instead of

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    redoing all the computation it also allows people in layer 2 space to launch their own web assembly zero knowledge rollups and importantly it we're coming closer and closer with the theum ecosystem through these two parts and really kind of removing this current maximalism and really focusing on the value to the user this chain abstraction idea is really about that although technology matters although technology provides New Primitives the kind of this fight you know sometimes in

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    web three that happens is not productive we expand and offer two ethereum developers two rollups to everyone in in web 3 different benefits at different levels of our stack we're the home for best web three consumer experiences on boarding millions of users who now have access to Applications not just on near but on other blockchains through account obstruction so if you take one thing away from all my talk or from this conference for that matter is that the near is entry point to development web it's for Developers

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    for Founders and for users it brings a value that we all Aspire for while also solving very immediate problems for everyone thank you know