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Blockchain the new internet protocol

In the early days, anyone could run his or her own server and connect to peers, creating an incredible, decentralized “web” of content. However, this original Internet eventually grew more centralized — consumers flocked to convenience and better interfaces at the expense of control over their information.

As a consequence, the internet today is dependent on large, powerful providers of cloud services, search engines, servers, and social media. With the advent of blockchain, there is a new possibility to return ownership and operation of these servers back to the users, which is quite exciting in and of itself.

What I am most interested in, however, is blockchain technology’s potential to resolve some of the endemic flaws inherent to the Internet protocol itself in conjunction with a redesign of the web’s original architecture. Despite the fact that NASA recently announced its ambitious plan to send someone to Mars and despite all our incredible achievements in the 21st century, we have yet to address the design faults that make Distributed Denial of Service (DDoS) attacks, malware, and viruses still possible today. Many of these issues stem from a faulty and outdated architecture predicated on hardware from the 70’s and 80's.