The Graph, a decentralized indexing system that acts like a Google for blockchains, has unveiled a data standard for Web3. Called GRC-20, the standard will define how information is structured, distributed, and linked between decentralized applications, according to The Graph website in a blog post accompanying a proposal from developer Yaniv TAL to improve The Graph.
The GRC-20 proposal builds on the concept of knowledge graphs, which Tal introduced in June. “Knowledge is created when information is linked and labeled to attain a higher level of understanding,” the blog explains, with knowledge graphs capturing the connections and relationships between pieces of information. The GRC-20 standard will replace the Resource Description Framework (RDF), which is the current framework for representing data for the World Wide Web Consortium.
RDF is not suitable for Web3 for a number of technical reasons. According to The Graph blog, “GRC-20 creates a common language for knowledge, so we can fully realize the vision of an open, verifiable and composable Web3.” The Graph will be releasing a set of tools to help people use the GRC-20 standard in the coming weeks. Tal’s proposal for improving The Graph is open for comment indefinitely before it is finalized.
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