Taiwan is relying on Web3 technology to secure information against cyberattacks, especially from China. This is coming after the infamous visit of United States House Speaker Nancy Pelosi to Taiwan.
The Taiwanese Ministry of Digital Affairs (MODA) plans to implement decentralized technology into its web portal in an effort against cyberattacks. InterPlanetary File System (IPFS) is a Web3 technology that government officials will employ for decentralized file sharing.
IPFS identifies content through file hashes, which allows files stored by multiple parties to be found anywhere and can be accessed by simple HTTP.
Pelosi’s visit, despite warnings from China has prompted Taiwan to employ web3 in this regard. Since the visit, government websites have faced multiple attacks sourced from the mainland. This includes a distributed denial-of-service (DDoS) attack rendering the sites inaccessible.
Pelosi’s visit to Taiwan not only rocked the boat geopolitically speaking but also made waves in the crypto market. Bitcoin rose to its daily resistance of $23,500 on Aug. 3, the following day.
The new MODA site is getting a makeover through the implementation of Web3 technology and currently has files and the original site index available on IPFS.
Taiwan’s Digital Minister Audrey Tang told official state media that until now, the MODA site has not been attacked since it debuted on the same day the Chinese military began its drills.
Tang said the site uses a combination of Web3 and Web2 tools.
According to officials in Taipei, Taiwan saw nearly 5 million daily cyberattacks or at least scans for system vulnerabilities last year.
The implementation of Web3 technology is a positive step toward emerging technology implementation. Though Tang did highlight the risks of other Web3 assets like crypto in activities such as money laundering.
Taiwan is one of the nations of the world piloting its own Central Bank Digital Currency (CBSC). Currently, it’s distributing its digital currency to five Taiwanese banks for distribution.