What is Digital Trust?
In the physical world, trust is built through long-term interactions and relationships between people. But in the digital age, how do we accumulate trust? If we encounter someone online whom we have never met in person, do we need certain steps or methods to establish “digital trust” before handing over personal information and assets?
How is digital trust implemented by the government and the private sector?
Taiwan has a well-developed electronic technology industry, which means that digitization is progressing rapidly. The industry is even ahead of academia and the government. However, the industry that has been quickest to incorporate digitization into its business model and rapidly increase its value is still the fraud industry.
Of course, fraud has existed since the dawn of human civilization. It uses designed psychological responses, packaging techniques, and increasingly convenient information transmission tools of each era to achieve its goal of emotional or financial fraud.
When people fall victim to fraud, they often have no choice but to seek assistance from public authorities. This places a heavy burden on government agencies. From a fundamental perspective, the focus should be on how to reduce the fraud rate. This will require the promotion of government concepts and the collaboration of businesses in providing tools for trust verification, while simultaneously educating and encouraging the public to understand and use these tools.
The government has various channels through which it can promote the concept of digital trust, but the development of supporting tools requires the assistance of relevant businesses. Using the research and development capabilities of businesses will provide the public with independent verification channels in the digital age, which will be an excellent public-private collaboration.
What topics in the field of digital trust need to be developed or encouraged?
Since entering the internet age, spreading false information through internet tools to achieve fraudulent goals has been highly efficient. Before the internet became prevalent, misinformation was spread through printed materials and phone scams. It is likely that everyone has received fraudulent messages through letters, text messages, or internet tools to some extent, and everyone has different ways of dealing with them.
Some people ask their friends, some use internet tools to verify, and some directly report the incidents. However, there are also those who choose to believe and step into the trap of fraud.
The characteristics of the digital age make fraud easier, but verification has also become easier. Blindly believing without verification is the most dangerous approach.
However, as mentioned earlier, trust established in the digital world is relatively fragile. If we verify with a friend whom we have only met in the digital world and have never met in person, we may still fall into the same trap.
Therefore, third-party verification tools are a more reliable method. This also provides a direction for the industry to develop in the field of digital trust.
What practical tools are currently available in the field of digital trust?
Currently, before answering a call, we are accustomed to using software like Whoscall and Truecaller to identify the caller. When it comes to online misinformation, we use tools like Mei Yu Yi and MyGoPen. But what tools can be used to verify the authenticity of data in the emerging Web3 world?
Here are two practical and convenient platforms for readers to consider:
JV (Jcard Verify) Digital Trust Center
The “Blockchain Anti-Fraud Solution – Jcard Verify” platform, developed in collaboration with AI and zero-knowledge proof, allows users to view and rate any digital or cryptocurrency assets, as well as wallet addresses, on the platform. This helps potential investors differentiate the authenticity and security of various investment projects.
JV (Jcard Verify) is very simple and intuitive to use. It can be imagined as the “Google browser of blockchain.” Users can enter any digital or encrypted assets (such as Bitcoin) or wallet addresses in the search bar and see the user ratings and scores for these investment products and projects. With the advantage of real-time automatic synchronization of the database, it can clearly determine whether it is a high-risk blockchain project or product.
Chainsight
Chainsight is an AI-driven information security provider that has developed a solution to detect and prevent security vulnerabilities and fraud in cryptocurrencies, NFTs, and smart contracts in real-time. It can provide protection against blockchain security vulnerabilities and fraud for all technology companies and cybersecurity companies related to the internet, including common frauds such as malicious addresses, smart contracts, dApps, fake cryptocurrencies and NFTs, phishing websites, and social media.
Chainsight allows users to detect whether transaction URLs, contracts, or objects have criminal suspicions in real-time through the integration of application programming interfaces (APIs).
Digital Trust: The Bridge of Security and Authenticity
With technological advancements and the widespread use of the internet, the establishment and maintenance of trust have become increasingly important. Digital trust is not only a guarantee of personal information security but also the foundation of the entire digital economy.
Through effective policy promotion and advanced technological tools, we can effectively prevent fraud and reduce its occurrence. Reducing fraud is a key indicator of improving quality of life. Let us together enhance the security of our digital lives.
Opinion articles present diverse views and do not represent the stance of “WEB3+.”
Proofreading and editing: Shao Yuan-Ting
