Web 3.0 or Web 3 is the third version of the Internet that internally connects data in a decentralized way to provide an extraordinary and personalized user experience. Web 3.0 uses blockchain technology to keep your data private and secure. It is built on three top game-changer technologies – Artificial intelligence (AI), Machine Learning (ML), and Semantic Web.
Decentralization refers to ownership of control and decision-making from a centralized entity (company, individual, or group) to a distributed network. It means that no one can own your data, it’s only you who owns and controls it.
Evolution of Web Versions
In 1989, Tim Berners-Lee invented the World Wide Web and its more than three decades. Web 1.0 was a read-only web where people can access the information written on the sites.
But Web 2.0 changed the game, it was defined by O’Reilly and others between 1999 to 2004 that transformed the web entirely from static pages into customizable web platforms, websites, and interfaces. Companies such as Airbnb, Uber, Facebook, and other social media platforms originated during the web 2.0 era.
Ultimately, Web 2.0 became more outdated by the end of 2012, and companies were starting to be aware of Web 3.0. Whereas Web 3.0 was primarily driven by the introduction of social, mobile, and cloud technologies, web 3.0 is powered by four new layers of technological innovation:
- Edge computing
- Artificial Intelligence
Web 3.0 Features
Web 3.0 will make the web more smart, secured, and transparent, resulting in more efficient web surfing and effective machine-human relations. Here are some top advantages of the web 3.0:
Decentralization ensures that data will be accessible to users in all circumstances.
Data Privacy and Control
Privacy encryption will be unbreakable, which will prevent companies like Google and Apple from using people’s personal information for their profit.
Open Accessibility to Data
Data will be accessible from any device in the world. Web 3.0 will expand the range of interaction from richer interaction to seamless transactions to trusted data servers.
Single Profile Creation
Users do not need to create individual profiles for different platforms in web 3.0. A single profile will work on all platforms.
The majority of blockchain platforms are developed by non-profits, which means they provide an open-source platform that allows an open design and development process.
Why is Web 3.0 necessary for the Future?
Web 3 is a creator-driven platform built and designed by users. Here are the top reasons why web 3 will become more important in the future:
More personalized interactions
Web 3 will become more important in the future as users start to prioritize personalized and individualized browsing experiences on the web.
Less dependent on centralized repositories
Web 3 will try to make the Internet a diverse source with self-independence. It will keep the hackers, leaks, and centralized repositories far away.
Better AI-Powered Search Assistance
Search assistants are becoming more popular with the increasing demand for customized and personalized searches. Web 3’s Search assistants will be more intelligent, and pervasive as they will be powered by blockchain, semantics, and AI.
Web 3.0 can reduce dependency on individual platforms to make entrepreneurial and investment activities future-proof.
Rise in Peer-to-Peer Connectivity
With peer-to-peer connectivity, machines, businesses, and humans will be able to share more data while maintaining more privacy and security.
Examples of web 3 applications
Here are some famous examples of web 3.0 applications that define the scope of their adoption:
Apple’s voice assistant that communicates with other personal assistants, shares information, and provides users with meaningful results.
Wolfram Alpha is a computational intelligence platform that can compute answers to user queries from different fields like science, mathematics, and nutrition.
It is another example of web 3. Sola is a social network website. This platform utilized blockchain AI to build media hybrids and social networks.
As a remote job platform, Ethlance works on top of the Ethereum blockchain where anyone can work and hire in exchange for Ether cryptocurrency.
This time will become the history of web evolution, and we are heading towards a new version of the Internet where people can control their data and privacy. It means that people will choose if they want to share their data (or not) with the company.
This new web is moving fast towards a faster and dynamic environment where the ultimate capacity of technology can speed up business in almost all areas.