Parity's Jutta Steiner: Web 3.0 Will Evolve as Interoperability and Usability Improve

Cointelegraph spoke recently with Dr. Jutta Steiner, the co-founder and CEO of Parity Technologies, about what originally drew her into the Ethereum crowd and how she plans to bring more interoperability to blockchain.

During the recent TechCrunch Ethereum Meetup in Zug, Switzerland, Steiner detailed how her background in math and science ties into her work with blockchain, as well as how the new Polkadot protocol could help usher in the web 3.0 era.

When working on problems, I was realizing that really the technology isn't there yet where it needs to be in order to become mainstream, and so out of that frustration Parity came out do as a company.

JS: We started Parity by basically taking all the learnings from the early days of Ethereum and coming up with a new implementation.

Then over time, things like governance became also more of an issue, and we really started thinking about what is the next level of abstraction that we need to bring to this technology in order to make it much more genuine, much more easy to adapt to solve all these issues.

The way how the web has evolved and applications on the web - everything we do, every service we use, we always have to rely on centralized servers, where all our data is hosted, where there's like an authority that decides on how does the service work, what happens if there's contention.

What we're trying to build is basically a system where there's much more agency on the user side, where there's less of the divide between service provider and the people that use the services.

MJ: How long do you think it would take before we actually would enter the web 3.0 era?

MJ: Parity experienced a problem with the freezure of wallets containing Ethereum back in November 2017.

JS: There are a lot of efforts within Ethereum to come up with answers, like how to fix the issue of governance in general.