Web 3.0 Meets Web3: Exploring the Convergence of Semantic Web and Blockchain Technologies
The adoption of standardized vocabularies and smart contract powered schema alignment are discussed to enhance data exchange and integration with a focus on semantic interoperability, trustworthiness in semantic reasoning processes, and ownable and traceable resources.
Abstract
We outline the synergistic convergence of semantic web technologies, which have driven the advent of Web 3.0, and blockchain technologies, which have catalyzed the flourishing Web3 ecosystem. The integration of these technologies holds immense potential for transforming data representation, interoperability, and trust within decentralized knowledge graphs. The utilization of semantic web technologies enables the creation of machine-readable data formats, facilitating seamless understanding and exchange across heterogeneous systems. Complementing this, blockchain technologies provide an immutable and tamper-proof ledger, offering the foundation for establishing trust in decentralized knowledge graphs. We discuss the adoption of standardized vocabularies and smart contract powered schema alignment to enhance data exchange and integration with a focus on semantic interoperability, trustworthiness in semantic reasoning processes, and ownable and traceable resources.