Former Twitter CEO Jack Dorsey has left many people in the bleeding-edge web development world scratching their heads, after announcing web5 – a project from his new venture TBD, that aims to be a global standard for the next generation of the web. Decentralized identity is the name of the game for TBD, it seems. TBD itself is a division of Block, the company formerly known as Square, which is an electronic payments specialist. Square took up so much of Dorsey’s time that he had to step away as Twitter CEO, and it recently rebranded to emphasize its focus on bitcoin – the cryptocurrency that it appears web5 is going to be use as a technical foundation. The…