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Business News June 11, 2022

Jack Dorsey’s Block subsidiary TBD announces “Web5”

TBD, the Block subsidiary of Twitter and Block founder Jack Dorsey, announced the launch of “Web5” at the Consensus2022 conference.

And explained “Web5” in a document that described “identity and personal data have become the property of third parties.

“Web5” brings decentralized identity and data storage to personal applications. It lets developers focus on creating pleasing user experiences while returning ownership of data and identities to individuals. “

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