December 20, 2023

From here to the future: Exploring the progress of Web3 enterprise solutions 

First, everything got bigger. Data has become the most important asset, which has led to computer centers expanding – first into data centers, then (as we collected and stored more information)...

First, everything got bigger. Data has become the most important asset, which has led to computer centers expanding – first into data centers, then (as we collected and stored more information) data lakes. The advance of artificial intelligence enlarged everything even further, demanding more computing power to extract critical insights from collected data.

At the same time, the internet has grown exponentially, with mobile devices creating billions of human endpoints (the internet of people) and the internet of things creating vast numbers of material endpoints.

As the edges of the internet expanded, billions of smaller data centers began to collect, process, store and transmit information. We’ve also seen edge devices – also known as nano data centers – come to the fore.

The internet: from centralized to peer-to-peer

The original internet was a simple, point-to-point connection network, with no intrinsic awareness of what each point contained. In this environment, providers could collect metadata about each endpoint and inform individuals and organizations how to find each other. 

When the internet became mobile, it needed larger providers – not only to connect users, but also to investigate the content being exchanged. Social media entities emerged, and internet 2.0 became the online world as we know it today.

Technology is now so small and cheap that we can add meta and transaction data directly at each endpoint. The networks’ intelligence now allows us to navigate their lower layers, enabling peer-to-peer communication without interference from bigger, middle-men connectors.

A big advantage of peer-to-peer communication is that it allows us to take back responsibility for our identity and security. No more locked-in usernames and passwords or credentials stored in large, centralized vaults. Now, all we need to be recognized and trust each other are our digital identities – just as we need our physical identities in the real world.

Web3 is a paradigm shift

Just like the original internet, these new, peer-to-peer networks connect people and organizations using nodes – which can vary during each exchange, yet still transfer the right data to the right end users.

Once it reaches its destination, data must be unpacked quickly and logically and composed into messages – a perfect demonstration of the internet’s intended use. This functionality allows users to choose where to store their data, which is scattered across several nodes and made invisible to third parties. 

Each node in a Web3 environment has an owner, who must receive payment for letting the data through. Some nodes also have processing and storage capabilities that can be used for a fee.

Digital tokens are a great solution for making these micropayments, as they can transact a minimum payment immediately and directly at the source of each action. This process can also settle application completions and intermediate decentralized storage – making tokenization a fundamental part of Web3.

As this process unfolds, users must have the ability to identify themselves uniquely, so that nodes can trace each transaction to a proven entity. This is where blockchain comes in – creating an indelible, open and decentralized database with enormous value.

The origin of DigiCorp Labs

All of this information was front of mind for the founders of DigiCorp Labs back in 2021, when we recognized the importance of Web3 and its associated virtual world – the metaverse. 

The team knew that enterprise solutions would be needed to make Web3 a viable, professional space. These solutions had to be maintainable, auditable, compliant, compatible and able to stand the test of laws and regulations.

We began by developing DGMV-ID, a truly decentralized way for individuals and organizations to prove their digital identities via mobile devices. Using biometrics, encryption, 2FA (Two Factor Authentication), QR code-scanning and, in the near future, the direct recording of transactions in an open blockchain, we made digital, decentralized, passwordless identification possible.

This process works with any Web3 node or application, and every authentication is auditable, compliant and indelible. DGMV-ID also includes browser plug-ins to provide access to current Web 2.0, and became available in the Apple and Google Play stores in August this year.

We also introduced the $DGMV utility token as a groundbreaking mechanism to unlock our intellectual property and activate our cutting-edge solutions. 

Decentralized nodes and smart layers

Another critical factor we must consider is the availability of enterprise nodes within and at the edges of the internet. To account for this, DigiCorp Labs recently launched the DGMV Edge Box – a decentralized, mobile, self-contained data center in a box that can be connected to the internet from anywhere in the world. 

Powered with electricity from mains, generator, battery or solar panels, the Edge Box facilitates communication via cable, Wi-Fi, 4G/5G and even Starlink satellites. On top of that, the data center is connected to an open blockchain, which means every action is recorded and retrievable.

Powerful partnership

Last year, we partnered with Shell Global IT on a successful project that allowed data from globally distributed assets to be recorded via an open blockchain via our patented smart layer. 

By assigning every transaction a timestamp and hash code, each recorded asset and document can be retrieved and – with the right key – read and used by the right people. 

Provided they can prove their identity and have the right key, services companies from across the world can find the product and asset information they need to carry out maintenance, replacements and repairs. The smart layer functions as a type of PaaS (platform as a service) layer, which enables SaaS (software as a service) on the blockchain.

Secure communication

The latest addition to our product portfolio comes in the form of DGMV Secure-Meets – a communication tool that enables confidential video and audio calls, screen-sharing, presentations and more. via a decentralized node-to-node connection.

To utilize DGMV Secure Meets, users are required to authenticate through their mobile device using an on-premise Identity Server that supports DGMV-ID authentication. Additionally, this server facilitates access management with directory services, including options such as LDAP, as well as integrations with platforms like Microsoft Active Directory and OKTA.

2024 and beyond

With a proprietary token as well as solutions including Authentication, SmartLayer, Edge Box and Secure Meets, DigiCorp Labs reaches the end of the year fully ready to enter the market. We’ve planned our first launch deployments, and are already looking ahead to a busy 2024, with growing interest in the US and Asia.

Early 2024 will see us double down on publicizing our innovative initiative for enterprise Web3 solutions. The enterprise Web3 journey is only just beginning.

Article written by DigiCorp Labs