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Parity Technologies

@paritytech68,095 subscribers

We're the Web3 innovators, core engineers, and Rust devs powering the decentralized web by developing @Polkadot. Here since 2015. Here to stay.

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"Who owns the machinery determines whether it is used in a decentralized or centralized way." - Yanis Varoufakis at Web3 Summit Web3 Foundation found 129 companies across banking, insurance, AI, and advertising that have built business models on personal data. That is what concentrated ownership looks like in practice. Open-source infrastructure is where ownership becomes contestable. The Product SDK is public. The protocol is governed on-chain. The code is auditable by anyone.

"Who owns the machinery determines whether it is used in a decentralized or centralized way." - Yanis Varoufakis at Web3 Summit Web3 Foundation found 129 companies across banking, insurance, AI, and advertising that have built business models on personal data. That is what concentrated ownership looks like in practice. Open-source infrastructure is where ownership becomes contestable. The Product SDK is public. The protocol is governed on-chain. The code is auditable by anyone.

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