Web 3.0

Most people will not even know there is such thing as Web version 1.0 and 2.0 let alone version 3.0. How the Internet is used has changed dramatically since its inception. From Internet Relay Chat (IRC) to modern social media, it has become a vital part of human interactions – and continues to evolve. Web 3.0 is the future of the internet and is the next natural progression in the evolution of the World Wide Web.

In this article, we will explore Web 3.0 and how it will benefit the world in the future.

What Is Web 3.0?

The internet is constantly evolving over time. The speeds at which data can be accessed and the volume of data that is made publicly available is paving the way to an exciting future. Web 3.0 moves towards the next generation of Internet technology that heavily relies on the use of machine learning and artificial intelligence (AI). It aims to create more open, connected, and intelligent websites and web applications, which focus on using a machine-based understanding of data. In 1999 Bernes-Lee came with the concept of a ‘semantic web’ which should be capable of analyzing all the data on the internet, allowing the machines to handle many tasks without human intervention. It is a version of the Web that gives users the power to create and execute their own tools and software, rather than depending on other people for software. This move towards a decentralised web will challenge the dominance of the tech giants by moving us away from relying so heavily on a few companies, technologies and a relatively small amount of internet infrastructure. The rise of technologies such as distributed ledgers and storage on blockchain will allow for data decentralization and create a transparent and secure environment, overtaking Web 2.0’s centralization, surveillance and exploitative advertising. The decentralised internet’s underlying data structure (Web 3.0) is based on a blockchain rather than a conventional database. The data structure removes the need for usernames and passwords, and the tamper-proof nature of the blockchain provides for ease of collaboration between different groups on open projects. Web 3.0 will bring us a fairer internet by enabling the individual to be a sovereign. True sovereignty implies owning and being able to control who profits from one’s time and information. Web 3.0’s decentralized blockchain protocol will enable individuals to connect to an internet where they can own and be properly compensated for their time and data, eclipsing an exploitative and unjust web, where giant, centralized repositories are the only ones that own and profit from it. The transparency of the network means that a truly free internet can be achieved as it becomes much more difficult for people to carry out censorship or include nefarious code in their applications.

Click more information about on Understanding the concept of a Decentralised Web

The Web as we know it has served us well, providing an endless sea of information to improve our daily lives and keep us well connected. Despite this, it presents many challenges which Web 3.0 can solve. While Web 3.0 holds much promise, there is still a long way to go. More uniformity among Web 3.0 projects will be required for the seamless exchange of information. New transactional systems are likely to be a product of Web 3.0 as blockchain becomes more relevant in defining incentives on different networks where people have more control over their data and who they share it with.

Web 3.0 and the decentralised internet concept will eventually be such an improvement over the version we have now, it will become more stable and accepted as the preferred environment across the next decade.

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