Parity COO Chrissy Hill Speaks on Balancing Decentralization and Compliance in Web 3.0 at Polkadot Decoded Asia

At the Polkadot Decoded Asia conference in Singapore, Parity's Chief Operating Officer and Chief Legal Officer, Chrissy Hill, delivered a keynote address titled "How to Stay Decentralized and Compliant in Web 3.0".

Hill stated that Web3 carries a grand mission to deliver value to billions of users, fostering a new and more equitable global digital economy and supportive business model. One of its core values is decentralization.

She emphasized that the ultimate vision of decentralization is for the community to determine the overall direction, with the founder's influence equal to all members of the community, and all protocol code being open source and forkable by third parties. However, this process needs to be gradual. Ultimately, the Web3 business model will help meet the growing need for a network that respects user data rights.