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On June 10th, 2022, Jack Dorsey's Bitcoin business unit announces to start their journey to build Web5. According to Dorsey, this blockchain network will play a vital role in the evolution of the Internet. The Web5 platform allows applications to have decentralized identification and data storage. It will enable developers to focus on offering pleasant user experiences while returning ownership of data and identity to users. Web5 will also include decentralized IDs (DID), decentralized web nodes (DWN), self-sovereign identity service (SSIS), and a Self-Sovereign Identity SDK.