It's worth noting that alongside being a professor at MIT in recent years, Berners-Lee has continued to establish organisations that aim to preserve the fundamental principles of the World Wide Web. We have online abuse, prejudice, bias, polarisation, fake news, there are lots of ways in which it is broken.
Tim Berners-Lee pointed out that in 1989, when he created the web he wanted it to be a free-access network that would serve mankind. We need to make sure that the people that are connected to the Web, that the Web allows them to produce the Web that they want, the world that they want.
Sir Richard Branson, US Congressman Ro Khanna, and former UK Prime Minister Gordon Brown have also pledged their support to the moment. But he believes it will help steer conversations in governments and boardrooms, and give the public a means to hold the powerful to account.
Putting the combined companies' wealth and power into perspective, Reuters estimates that "Apple, Microsoft, Amazon, Google and Facebook have a combined market capitalization of $3.7 trillion, equal to Germany's gross domestic product previous year".
"Tim Berners-Lee has pinpointed one of the great human rights issues of our time and his proposal deserves worldwide support."Will it be persuasive enough for the Chinese government to be more open? Google did not respond to a request for comment.
Some 70,000 people are expected to take part in the four-day Web Summit, dubbed "the Davos for geeks", including speakers from leading global tech companies, politicians and start-ups hoping to attract attention from the over 1,500 investors who are scheduled to attend. That's both a warning - including about how aspects of the web have become - and an opportunity.
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Many prominent critics now openly centralization of the internet in the hands of a few giants - the GAFA american (Google, Apple, Facebook, Amazon), and the Chinese Baidu, Alibaba, Tencent and Xiaomi or BATX.
Interestingly, big tech such as Facebook, despite signing the contract, have actioned against the contract. The Contract for the Web is about everything.
However, despite these efforts, Berbers-Lee insists that the world needs a "new Contract for the Web, with clear and tough responsibilities for those who have the power to make it better". "This idea can be quite revolutionary for the future of the web".
However, as the Web approaches nearly 50% of the world's population as users, Berners-Lee is not convinced that these principles are being upheld or that his original ideals for the Web are being protected. "They don't want people to look back and say theirs was the platform that misled people to vote against their own best interests", he said.
"If we spend a certain amount of time using the internet we have to spend a little proportion of that time defending it, worrying about it, looking out for it..."