Philosophy of WISE Credit

When the internet evolved from Web1 to Web2, the key shift was that people gained the ability to write to the web. Building applications in the Web2 era focused largely on improving interfaces, user experience, and monetization.

As the internet moves toward Web3, it is shifting from the “write” era to the “own” era. In Web3, users are not just content creators—they are asset owners.

Credit plays a fundamental role in this new paradigm. Mass adoption of Web3 depends on a well-designed credit system that reflects ownership, behavior, and trust. A strong credit framework enables a fair, efficient, and collaborative Web3 economy, establishes trust across the ecosystem, and unlocks new social and economic interactions.

Defining a Proper Credit System

Two key factors make a Web3 credit system valuable:

• Ensuring fairer and better incentive distribution.

• Providing sufficient interoperability.

Better Incentivization

A well-designed credit rating system should lead to better incentivization. This means fairer and more efficient resource allocation. Good credit serves as the foundation for effective incentives, and well-implemented incentive distribution is the basis for a successful web3 ecosystem.

Interoperability

In Web2, credit systems are built on siloed, monopolized data. Credit is only used when companies choose to query it, and it is largely tied to financial activity alone. As a result, traditional credit systems are limited, opaque, and inefficient.

A strong credit system must be interoperable and borderless. Users should be able to actively improve their credit and use it across many applications, not just within a single platform. Credit itself should carry independent value—arguably becoming as important as money in a digital economy.

In Web3, credit should go beyond capital. It should incorporate multiple dimensions of behavior and contribution. For example, a highly influential community member or cultural leader may have significant impact and trust within a network, even without large financial holdings. A well-designed Web3 credit system captures this broader form of value and makes it portable across the ecosystem.