Web3 technology aids Taiwan in defending against cyber incursions. Web3 is being used to create a decentralized file-sharing system following Nancy Pelosi’s trip to Taiwan. In order for the Taiwanese Ministry of Digital Affairs (MODA) to combat cyberattacks, it will use decentralized technologies on its web portal.
The Blockchain-based Decentralized Internet Protocol System (IPFS) is a Web3 technology that government officials will use for decentralized file sharing. With IPFS, files stored by multiple parties can be found anywhere and accessed with simple HTTP.
After the controversial arrival of United States House Speaker Nancy Pelosi to Taiwan, despite warnings from the mainland, this move has been anticipated. Since her visit, government sites have been targeted with a series of assaults originating in China. This includes a distributed denial-of-service (DDoS) assault that made the sites unavailable.
Pelosi’s trip to Taiwan not only affected the geopolitical situation but also impacted the cryptocurrency market. On Aug. 3, bitcoin rose above its daily resistance of $23,500 the next day. However, as a result of Web3 technology being implemented at moda.io, the site is currently undergoing a facelift and has files and the original site index available on IPFS.
Taiwan’s Digital Minister, Audrey Tang, announced that the MODA website has not been hacked or attacked since its debut on the same day as when Chinese military drills began. Tang stated the site employs a mixture of Web3 and Web2 tools. According to officials in Taipei, Taiwan observed around 5 million daily cyberattacks or scans for system vulnerabilities last year.
While Tang did highlight the risks of other Web3 assets like crypto in activities such as money laundering, the implementation of Web3 technology is still a positive step toward emerging technology implementation.