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The Graph unveils GRC-20 standard for Web3 knowledge graphs

The Graph unveils GRC-20 standard for Web3 knowledge graphs

GrafaGrafa2024/11/22 07:00
By:Liezl Gambe

The Graph (CRYPTO:GRT), a decentralised indexing protocol for blockchain data, has introduced the GRC-20 standard to enhance how Web3 applications structure and share information.  

This innovation aims to transition from subgraphs to knowledge graphs, creating a more robust data structure for developers.  

According to a blog accompanying developer Yaniv Tal’s Graph Improvement Proposal, GRC-20 establishes a framework to link and label data, creating "knowledge" by capturing relationships between information.  

The standard replaces the Resource Description Framework (RDF), which The Graph deemed insufficient for Web3's unique requirements.  

"GRC-20 creates a common language for knowledge, so we can fully realise the vision of an open, verifiable and composable Web3," the blog explained.  

The GRC-20 standard introduces core concepts, including Spaces for organising information, Entities and Relations for representing data, and Types for structuring it.  

These elements are developer-defined, with The Graph planning to release tools supporting GRC-20 adoption in the coming weeks.  

The proposal is currently open for public feedback before its finalisation.  

The Graph's transition to knowledge graphs builds on its foundational role as an indexing protocol for decentralised applications (DApps).  

Launched in 2018, The Graph’s mainnet became operational in 2020, offering an open network of application programming interfaces (APIs) referred to as subgraphs.  

These APIs simplify the creation and monitoring of DApps by reducing development time from months to days.  

The platform currently indexes over 70 blockchains, rewarding contributors with Graph tokens (GRT).  

This evolution aligns with The Graph's mission to decentralise data access and improve the composability of Web3 technologies.  

By advancing the GRC-20 standard, The Graph continues to position itself as a critical infrastructure layer for the decentralised internet, empowering developers with more efficient tools for building the next generation of blockchain applications.  

At the time of reporting, the price of The Graph (GRT) was $0.2216.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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