Introducing GRC-20: Redefining Knowledge in Web3
The missing key to unlocking the decentralized web
GRC-20 is like a key that unlocks the map of web3
Imagine a world where all knowledge is connected, like a giant treasure map where every piece of information leads to something new and exciting. In this story, GRC-20 is the key that unlocks this magical network for the future internet, called web3. It helps organize knowledge so everyone can share and use it, building smarter tools and solving big problems together. Let’s explore how GRC-20 is creating this world of endless discovery and interconnected ideas by diving into the following blog: Introducing GRC-20: A Knowledge Graph Standard for Web3.
What is GRC-20?
GRC-20 is a proposed standard for structuring and sharing data in web3, enabling applications to work together seamlessly. It builds on the success of ERC-20, which standardized digital assets, by focusing on knowledge organization. GRC-20 allows for open, verifiable, and adaptable information, making it possible to create interconnected and trustworthy applications in the decentralized internet.
By aiming to redefine how we organize and connect information, GRC-20 makes it more accessible and trustworthy for everyone. For those who want to dive in, the Github has more details.
https://medium.com/media/95d832b5620c6336788669f8cfee0998/href
Why Data Standards Matter
In web3, where collaboration across platforms is vital, data standards like GRC-20 solve interoperability challenges. Traditional information systems lack flexibility and often fail when applied to new contexts. By introducing a shared structure for linking and organizing knowledge, GRC-20 ensures that developers can build scalable and customizable solutions without sacrificing compatibility.
Knowledge Graphs: A New Approach
Knowledge graphs represent data as a network of entities (things) and relationships (connections). They are dynamic and adapt as new information emerges. Unlike rigid databases, graphs capture the complexity of real-world interactions, allowing diverse applications to extract value from shared datasets. For example, a graph about movies could link actors, directors, and scenes while adapting to include new details over time.
So what’s so special about knowledge graphs anyway? Well, for one, they could serve as the backbone of the emerging AI industry by providing a structured and interconnected way to represent real-world knowledge, enabling AI systems to understand context, reason, and draw insights more effectively.
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The Core Features of GRC-20
GRC-20 introduces Spaces, Entities, and Relations to organize knowledge:
Spaces are collections of data for individuals, projects, or communities. Public spaces allow shared governance, while private ones maintain individual control.Entities represent people, objects, or concepts, each with a unique ID and associated facts.Relations define how entities interact, creating a global network of linked information.
This structure combines flexibility with reliability, essential for Web3’s dynamic ecosystem.
Source: https://thegraph.com/blog/grc20-knowledge-graph/
In the above example from the blog, you can see how The Graph as an Entity has different Types which help identify specific information relevant to it. Here, you can see The Graph has two types: Project and Protocol. Each “Type” has its own set of “Attributes” which may be relevant to the Entity itself. In this case, you can see The Graph has two of its most prominent Attributes displayed, “Core devs” and “DAOs”, under which other linked Entities (with their own shared and unique Attributes) are shown. Together, this creates a true knowledge graph.
Applications Across Industries
With its effective method of organize information, GRC-20 can revolutionize various fields such as:
News: It helps structure events, articles, and claims, enabling readers to assess bias and trustworthiness.Health: Personalized treatments and research can be connected, empowering individuals to take charge of their well-being.Education: Knowledge graphs can map skills and lessons to real-world challenges, improving learning outcomes for students and professionals.
These examples highlight just a few instances of how GRC-20 supports organization in important, yet complex, real-world scenarios.
Looking Ahead: Building a Composable Future
GRC-20 is still in its draft phase, welcoming feedback from the community. Future updates will include tools for implementation and governance for public spaces. By establishing a shared knowledge standard, GRC-20 aims to power the next generation of decentralized, interconnected web3 applications.
Want to learn more or get involved? For more details, explore The Graph’s blog. You can also check out the GRC-20 spec on GitHub, as well as share your feedback on The Graph’s governance forum.
Do you have any questions?
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sIntroducing GRC-20: Redefining Knowledge in Web3 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.