Blockchain Startup Plans for Web 3.0, Gains New Partners

Blockchain Startup

While the thought of a decentralized internet, commonly referred to by people as the Web 3.0 seems like an attractive option to people in the world of blockchain, without the infrastructure to support it, it remains nothing but a dream.

This is exactly the challenge that Haja Networks is tackling head-on with a new database protocol and database network. Both these open-source products would help enable interoperability between different blockchain networks and allow users to sell or lease out their data to businesses, all the while maintaining control over whatever information the user decides to share with third-party firms, says Haja CEO Samuli Pöyhtäri.

Haja just recently completed a funding round, which was lead by Outlier Ventures and featuring Polychain Capital, BigchainDB and Creathor Ventures. Outlier Ventures also joined Haja as their new strategic Partner. The total amount raised was not disclosed as of press time.

Outlier’s head of research Lawrence Lundy noted that solving the tricky problem of interoperability for databases, including blockchain, is key towards the development of the new internet. And the Haja team, which is comprised of former Protocol Labs and IPFS developers, is making headway towards that goal with OrbitDB, an open-source database project.

Pöyhtäri said:

“We see a lot of problems with the current web, with data being settled and data being monopolized by companies. There’s a problem with data being centralized, there’s [infrastructure issues], there’s censorship possibilities and it’s inefficient.”

Pöyhtäri says he wants to create a way to make databases easily communicate while maintaining a trustless, peer-to-peer framework. He added that:

“We can’t really build the user experiences that we need to [in order] to be able to compete with the current web so that’s essentially what we’re enabling here, by building decentralized protocols to make data secure in trustless ways.”

This would be the first step towards the building of the infrastructure necessary to support a decentralized web, which could hold the key towards answering the scalability issues plaguing blockchains, therefore fueling adoption.

Pöyhtäri concludes that:

“If we look at the usage of decentralized apps right now, it’s pretty bad in a way. I think everybody would like to see a lot more adoption and usage but essentially it’s not there. Part of that problem, a big part of that problem, is the scalability problem, which I believe is a topic right now … with different projects working on it.”

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