Moving Beyond Smart Contracts for Web3

(graphic from future.a16z.com)

Trusted Computing on Web3

  • Private personal data (e.g., health data). Private personal data sitting on remote servers is a historical accident that Web3 will remedy.
  • Social media (centralized risk of deplatforming).
  • IoT data can benefit from a new architecture that doesn’t require local data to be sent anywhere to be analyzed.

How TEA Project Benefits Its Stakeholders

  • Ordinary users can own the network by becoming miners through securing an inexpensive mining machine (Raspberry Pi) with both a TPM and GPS module. The TPM is used to perform remote attestation to ensure the trustability of other nodes and to protect the enclave that hosts the developer’s code and customer data. Our state machine uses the GPS to order transactions, similar to Solana’s proof of history.
  • Users of dApps (called TApps in the TEA Project ecosystem) can purchase a stake in the app through its TApp token. These tokens are issued according to a bonding curve that gives regular token dividends to TApp token holders.
  • Developers no longer have to publish their libraries to Github and hope for donations. In the TEA Project’s composability model, developers can publish their code as microservices and get paid even when they’re integrated within a larger app.
Web3 Composability

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