A Blockchain-based Semantic Exchange Framework for Web 3.0 toward Participatory Economy
Yijing Lin, Zhipeng Gao, Yaofeng Tu, Hongyang Du, Dusit Niyato, Jiawen, Kang, Hui Yang

TL;DR
This paper proposes a blockchain-based framework for semantic exchange in Web 3.0, utilizing NFTs, game theory, and zero-knowledge proofs to enable fair, private, and efficient semantic trading for participatory economics.
Contribution
It introduces a novel semantic exchange framework that tokenizes semantic data as NFTs and employs advanced cryptographic and economic techniques for secure, fair trading in Web 3.0.
Findings
NFT tokenization of semantic information enables new trading models.
Zero-Knowledge Proofs ensure privacy and fairness in semantic transactions.
Case study demonstrates practical application in urban planning.
Abstract
Web 3.0 is the next-generation Internet that enables participants to read, write, and own contents in a decentralized manner. It is mainly driven by blockchain, semantic communication, edge computing, and artificial intelligence, which can construct value networks to achieve participatory economics based on participatory decision making. Web 3.0 can capture the characteristics of blockchain, semantic extraction, and communication to achieve decentralized semantic sharing and transfer information precisely. However, current Web 3.0 solutions focus on the blockchain while overlooking other new technologies' roles in Web 3.0. To further unleash the advantages of semantic extraction and communication in Web 3.0, in this paper, we propose a blockchain-based semantic exchange framework to realize fair and efficient interactions. In this framework, we first attempt to tokenize semantic…
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Taxonomy
TopicsBlockchain Technology Applications and Security · FinTech, Crowdfunding, Digital Finance · Privacy, Security, and Data Protection
