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Web 3.0 Explained In 5 Minutes - What Is Web 3.0 ? - Web3 For Beginners - Web 3.0 - SimplilearnIt is a self-managed identity model based on the World Wide Web Consortium (W3C) Verifiable Credentials standard designed to facilitate. W3C's Blockchain Workshop is located on the 6th floor of the MIT Media Lab. The host is the Human Dynamics Lab at MIT Media Lab. Organizations interested in. The W3C, a group largely responsible for setting standards across the web, introduced a standard known as DIDs or Decentralized Identifiers.