Taiwan’s Ministry of Digital Affairs (MODA) plans to implement decentralized technology on its web portal to fight cyber attacks. InterPlanetary File System (IPFS) is a Web3 technology that government officials will use for decentralized file sharing.
IPFS identifies content through file hashes, allowing files stored by multiple parties to be located anywhere and accessible via simple HTTP.
This development comes on the heels of US House Speaker Nancy Pelosi’s controversial visit to Taiwan, despite warnings from mainland China.
Since the visit, government websites have faced multiple attacks from mainland China. Among them, a Distributed Denial of Service (DDoS) attack that left sites inaccessible.
Pelosi’s visit to Taiwan not only rocked the boat geopolitically, but also made waves in the cryptocurrency market. Bitcoin rallied to its daily resistance of $23,500 on August 3, the next day.
However, the new MODA site is being revamped by implementing Web3 technology and currently has the original site’s archives and index available on IPFS.
Taiwan’s Minister for Digital Affairs, Audrey Tang, told official state media that, so far, The MODA site has not been attacked since it debuted on the same day the Chinese military began its exercises.
Tang said the site uses a combination of Web3 and Web2 tools.
“It uses a Web3 framework, which is tied to the global blockchain community and the global Web2 backbone. So if it can take down everything from Ethereum to NFTs, which is unlikely.”
According to Taipei officials, Taiwan suffered nearly 5 million daily cyberattacks, or at least system vulnerability scans, last year.
The implementation of Web3 technology is a positive step towards the implementation of emerging technologies. Although Tang highlighted the risks of other Web3 assets such as cryptocurrencies in activities such as money laundering.
Taiwan’s relationship with cryptocurrencies has its ups and downs. Recently, the country indirectly banned the purchase of cryptocurrencies with credit cards after the main financial regulator compared cryptocurrencies to online gambling.
However, the country, like many others around the world, is testing its own central bank digital currency (CBDC). Currently, it is distributing its digital currency to five Taiwanese banks for distribution.
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