Web3: Path to Digital Liberation or a New Era of Surveillance?

Have you heard of Web3 is the vision for a decentralized internet built on blockchain technology, shifting control from centralized entities like Big Tech and governments to users. Unlike Web2, where platforms like Google or Meta own your data and profit from it, Web3 aims for a peer-to-peer network where individuals control their digital assets, identities, and interactions via decentralized protocols. Think Bitcoin for money, Ethereum for smart contracts, or IPFS for file storage—no middlemen, no single point of failure. The pitch is freedom: you own your data, choose what to share, and transact directly. But here’s the catch—globalist players like JPMorgan and the WEF are pushing their own spin, using blockchain for “trusted” digital IDs and regulated ecosystems, which could turn Web3 into a surveillance tool rather than a liberation tech. JPMorgan Chase and the World Economic Forum (WEF) teaming up to hail blockchain-based digital identity as the “foundation” of Web3, the so-called next-generation internet. On the surface, it sounds like a libertarian dream—decentralized control, user ownership, privacy from Big Tech overlords. But dig a little deeper, and you’ll see it’s just another tool for the global elite to track, control, and monetize every move you make in the digital world. This isn’t freedom; it’s a velvet-gloved surveillance state.
JPMorgan and WEF Pushing Blockchain Digital ID as Cornerstone for Web3
Meet JPMorgan, the banking giant that’s been slapped with billions of dollars in fines for manipulating markets and facilitating large-scale fraud. This behemoth is now aggressively pushing Web3 narratives through its blockchain arm, Onyx, rebranded as Kinexys. In a video and article series, “The Big Shift: Digital Identity in Web3,” JPMorgan explicitly claims that Web3 will revolutionize the way we create, store, and manage assets and identity information, transitioning to decentralized blockchain models. The bank envisions a future where your digital identity, stored in a blockchain “wallet,” enables you to seamlessly navigate digital realms like DeFi, the metaverse, and NFTs, all while proving ownership without relying on centralized servers. On the surface, this sounds incredibly empowering, as you’re in control of your data, sharing only what you want, and blockchain’s immutability keeps it secure.
JPMorgan’s Digital ID intentions are not at all altruistic
However, JPMorgan’s true intentions are not at all altruistic like the video tries to sell. The bank is building a permissioned blockchain, which is centralized enough for them to control access and comply with government regulations. They’ve already processed over $300 billion in transactions on this platform and are now exploring digital identity wallets that tie your assets, credentials, and even offline payments to this system. JPMorgan claims this is all about efficiency, faster loans, and reduced fraud, but it’s clear that banks like JPMorgan don’t innovate without a profit motive. They’re using this “decentralized” identity to extract fees and data, funnelling it through their ecosystem, where they can monitor transactions, enforce know-your-customer rules, and integrate with global payment systems like their JPM Coin. This isn’t about giving users sovereignty; it’s about establishing JPMorgan’s sovereignty, with blockchain as the shiny new ledger for their financial empire. Jordan Peterson on digital ID, and the social credit systems it facilitates.
JPMorgan is actively trying to shape the future of digital identity, but it’s crucial to examine their motives and the implications of their actions. By doing so, we can better understand the true nature of their Web3 ambitions and what they mean for the future of finance. The bank’s aggressive push into Web3 is a calculated move to expand its reach and consolidate its power, and it’s essential to consider the potential consequences of their actions. As JPMorgan continues to drive the development of digital identity wallets and permissioned blockchains, it’s vital to ask: what does this mean for the future of financial sovereignty, and who will ultimately benefit from these innovations?
In comes the World Economic Forum, stepping into the fray, and the alarm bells warning of a globalist agenda ring louder than ever. Led by BlackRock’s Larry Fink now and unelected billionaire powerbrokers, the WEF has been aggressively promoting blockchain technology as the cornerstone of their controversial “Great Reset” initiative for years. The organization’s Blockchain Toolkit, launched in 2019, devotes entire modules to the concept of digital identity, emphasizing its crucial role in facilitating every transaction across supply chains and beyond. By advocating for “trusted digital identities” that seamlessly integrate the physical and digital realms, the WEF envisions a future where blockchain technology is used to verify and authenticate actors within complex networks, encompassing governments, corporations, and even IoT devices, all interconnected and interdependent. Queen Máxima of the Netherlands tells the WEF why digital ID is necessary for verifying vaccination status, accessing financial services and distributing government subsidies.
the WEF’s Digital ID Initiative
In a 2023 article, the WEF’s Digital ID Initiative is pushing for the development of privacy-preserving systems that leverage decentralized technologies, such as verifiable credentials and zero-knowledge proofs, allowing users to store metadata on public blockchains while keeping their personal information secure in offline wallets. The WEF even cites the concept of “soul-bound tokens,” introduced by Ethereum co-founder Vitalik Buterin, as a means of binding non-transferable identities to individual blockchain profiles. According to the WEF, this initiative is designed to provide a solution to global problems, including the estimated 850 million people who lack official identification, by granting them access to essential services such as finance, healthcare, and social benefits, while also curbing the exploitation of personal data. However, a closer examination of the WEF’s true intentions reveals a more sinister agenda – the implementation of stakeholder capitalism on a global scale. The organization is actively promoting the development of interoperable systems that standardize identities across borders, effectively merging public blockchains with regulatory oversight. The WEF’s ultimate vision is that of a “decentralized society” where blockchain technology enables the tracking of compliance across a wide range of areas, including carbon credits, and more. JPMorgan is already on board, collaborating with the WEF on pilot projects such as Project Mariana and integrating with SWIFT for tokenized assets. Recent rumors have also linked this initiative to Ripple’s XRP Ledger, with leaked non-disclosure agreements suggesting ties to BlackRock ETFs and even health tech initiatives from the current US administration, highlighting the complex web of connections that underpin this global financial agenda. Listen to this from ‘The Agenda: Their Vision, Your Future’ by OracleFilms.
JPMorgan has explicitly stated that digital identity is the foundation of Web3, while the World Economic Forum (WEF) is linking it to healthcare, compliance, and global settlements. The WEF is even recommending its own reports on “trustworthy verification” of digital IDs, emphasizing its importance for a sustainable tech landscape. This push for digital identity is dark. When giants like JPMorgan and the WEF are at the helm, it’s not about decentralization, but rather centralizing control under the guise of tech utopianism. Digital IDs on the blockchain would create a permanent and tamper-proof record of an individual’s life, including their finances, health, location, and purchases, all of which could be accessed by anyone with the right keys. This would essentially eradicate privacy and open the door to total surveillance, allowing governments and corporations to blacklist individuals for their beliefs or actions.
The WEF’s focus on “redesigning trust” in supply chains is a euphemism for globalist micromanagement
The WEF’s focus on “redesigning trust” in supply chains is actually a euphemism for globalist micromanagement, where every transaction would be subject to ESG scores and carbon tracking, eroding national sovereignty and individual rights. This ties in with the development of Central Bank Digital Currencies (CBDCs), which would give governments and corporations unprecedented control over individuals’ financial lives. JPMorgan is already experimenting with blockchain settlements, and a universal digital ID would make programmable money a reality, where individuals’ dollars could expire if they don’t comply with certain requirements. While JPMorgan and the WEF spin this as empowerment, it’s actually a trap for the masses. We need to resist this globalist digital leash and push for truly decentralized alternatives that don’t involve these players, protect cash, and keep the internet free from ID mandates.
Written By Lindokuhle Mabaso