What is Web 3.0

What is Web 3.0
What is Web 3.0

Consider a new sort of internet that not only properly translates what you enter, but also understands what you say, whether through text, speech, or other media, and in which the material you consume is more personalized to you than ever before. We have reached the tipping point of a new stage in the evolution of the web. Some early adopters refer to it as Web 3.0.

There are a few early-stage Online 3.0 apps that exist now, but their real potential cannot be seen until the new internet is completely incorporated into the web infrastructure.

Web 3.0 is the next iteration or phase of the web/growth, internet’s and it has the potential to be as disruptive and signify a paradigm shift as Web 2.0. Web 3.0 is based on the fundamental ideals of decentralization, openness, and increased consumer usefulness.

The internet is experiencing another revolution. However, given that Tim Berners-invention Lee’s is now a part of millions of people’s everyday lives, it may not be immediately apparent.

Any expert on the state of the web will tell you that we are on the verge of Web 3.0. But what exactly is Web 3.0, and why is it important? Continue reading to find out everything there is to know about this.

Web 1.0 to Web 2.0

Web 1.0 is the internet’s most basic version. The internet age began with online papers that were networked and made available to everyone via the internet. It is also known as the read-only web due to the limited participation it offers users.’

Users of the internet requested more in terms of information contribution and engagement, paving the way for Web 2.0, often known as the read-write web.’ In a very short amount of time, Web 2.0 has significantly altered the trajectory of internet usage. When users were able to connect, a new type of communication emerged. Web 2.0, for example, allows for upload and download, whereas Web 1.0 only allowed for consumption and not edition.

What is Web 3.0?

The growth of the internet as we know it has been rapid and lucrative. In this day and age, upgrades are seen as critical in many facets of digital platforms. Web 3.0 is the culmination of a decade-long quest for a solution that combines back-end capability in addition to the front-end characteristics that we now utilize. Web 3.0 enables computers to search for, develop, trade, and link content, while artificial intelligence enables websites to comprehend the meaning of words rather than simply finding relevant keywords. Web 3.0 entails a lot more. It’s a situation in which computers think and users act.

Berners-Lee had expounded upon some of these key concepts back in the 1990s, as outlined below:

  • Decentralization: “No permission is needed from a central authority to post anything on the web, there is no central controlling node, and so no single point of failure…and no ‘kill switch! This also implies freedom from indiscriminate censorship and surveillance.”
  • Bottom-up Design: “Instead of code being written and controlled by a small group of experts, it was developed in full view of everyone, encouraging maximum participation and experimentation.”

Berners-Lee discussed the notion of the Semantic Web in a paper published in 2001. 4 Computers do not have a reliable means of processing language semantics. Berners-ambition Lee’s for the Semantic Web was to arrange the meaningful content of web pages and to enable software to perform sophisticated activities for people.

Web 3.0 has progressed well beyond Berners-original Lee’s notion of the Semantic Web in 2001. This is due in part to the high cost and difficulty of converting human language—with all of its various subtleties and variations—into a format that computers can understand, as well as the fact that Web 2.0 has already changed significantly over the last two decades.

GENERATIONSPORTALS (Large organizations)People, ONGs, and small companiesAGENTS (Computers, laptops, and smartphones)VIRTUE
Web 1.0PC Democratization of information access.  
Web 2.0CPCP Democratization of content production.  
Web 3.0CPCPCPDemocratization of the capacity of action and knowledge  

Features of Web 3.0

While there is as yet no standardized definition of Web 3.0, it does have a few defining features:

  • Decentralization: This is a fundamental principle of Web 3.0. Computers in Web 2.0 employ HTTP in the form of unique web addresses to find information that is stored in a fixed location, often on a single server. Because the information would be retrieved based on its content in Web 3.0, it may be kept in several locations at the same time, making it decentralized. This will deconstruct the vast datasets now maintained by internet behemoths like Facebook (now Meta) and Google, preventing their excessive enrichment by giving people more authority. With Web 3.0, users will be able to sell data created by disparate and more powerful computing resources such as mobile phones, computers, appliances, automobiles, and sensors over decentralized data networks, guaranteeing that users maintain control.
  • Trustless and permissionless: Web 3.0 will be trustless (i.e., users will be able to engage directly without going via a trusted intermediary) and permissionless, in addition to being decentralized and built on open-source software (meaning that anyone can participate without authorization from a governing body). As a result, Web 3.0 applications will operate on blockchains, decentralized peer-to-peer networks, or a mix of the two—these decentralized programs are known as dApps.
  • Artificial intelligence (AI) and machine learning: Through technologies based on Semantic Web ideas and natural language processing, machines in Web 3.0 will be able to interpret information in the same way that people do. Machine learning, a form of artificial intelligence (AI) that uses data and algorithms to mimic how people learn, will also be used in Web 3.0. These skills will enable computers to deliver faster and more relevant results in a variety of sectors, such as medication research and novel materials, as opposed to the present focus on targeted advertising.
  • Connectivity and ubiquity: With Web 3.0, information and content are increasingly linked and pervasive, accessible through different apps and a rising number of daily objects connected to the web (for example, the Internet of Things).

The Defining Properties of Web 3.0

Web 3.0 is intriguing due to the innovative and unheard-of features that are tailored inside the present Web 2.0 environment. Web 3.0 has the potential to significantly alter how people interact with the internet. Automated daily activities, scheduled reminders, AI-based search, and other features will become more common with Web 3.0. Web 3.0 has vastly improved consumers’ digital experiences while also ensuring the security of online apps.

The usage of 3D graphics offers up a world of possibilities for how the material might be seen. Semantic metadata also improves information connectivity by allowing everyone on a single central hub to access all accessible information based on user behavior. This goes beyond the idea of a simple website and creates its web. Web 3.0 will enable services to be used everywhere because all data will be accessible to a plethora of smart apps.

Web 3.0: The Real Internet Revolution

Web 3.0 is changing the game for everyone in every business. Consider the health industry, which is founded on Web 2.0. What if there was a way to digitize and automate all existing and incoming data, reducing effort and saving time? This is understandable given that Web 3.0 markets itself as a ‘find engine’ rather than a search engine.

People’s medical histories and genetic profiles may make it easier and faster to treat them. Medical practitioners can use Web 3.0 smart applications to go forward with a new case utilizing a system that can provide rapid go-to measures based on new admissions. The same may be stated for prescription medications and tests. At some point, we will also have a system in place where a doctor-patient connection will include automated steps that can reduce latency and costs.

Web 3.0’s capabilities remain unknown due to the enormous amount of alternatives that have yet to be identified. The unstructured web is just going to become bigger and better, and it can be expanded across sectors of all kinds, which is exciting. As a consequence, it’s acceptable to assert that Web 3.0 is the true internet revolution that many people are looking forward to.

Web 3.0 Applications

The capacity to absorb enormous amounts of information and convert it into factual knowledge and meaningful actions for users is a frequent requirement for a Web 3.0 application. However, these applications are still in their early phases, which means they have a lot of opportunity for growth and are far away from how Web 3.0 apps may work.

Amazon, Apple, and Google are among the corporations developing or transitioning items into Internet 3.0 apps. Siri and Wolfram Alpha are two applications that make use of Web 3.0 features.

Siri

Since its debut in the iPhone 4S model, Apple’s voice-controlled AI assistant has grown more sophisticated and increased its capabilities. Siri can fulfill complicated and personalized instructions by combining speech recognition and artificial intelligence.

Siri and other AI assistants, such as Amazon’s Alexa and Samsung’s Bixby, can now comprehend queries like “where is the nearest burger joint?” or “make an appointment with Sasha Marshall at 8:00 a.m. tomorrow” and respond with the appropriate information or action.

Wolfram Alpha

Wolfram Alpha is a “computational knowledge engine” that, unlike search engines, answers your inquiries directly through computation rather than providing a list of links. To see the difference between England and Brazil, search “England versus Brazil” on both Wolfram Alpha and Google.

Because “football” is the most popular search term, Google returns World Cup results even if you don’t include it as a keyword. Alpha, on the other hand, would provide you with a comprehensive comparison of the two nations, as you requested. That is the primary distinction between Web 2.0 and 3.0.

Is Web 3.0 the same as the Semantic Web?

Web 3.0 goes much beyond the Semantic Web that web pioneer Tim Berners-Lee envisioned in 2001. While Web 3.0 employs Semantic Web concepts and natural language processing to improve user interaction, it also includes other features such as widespread use of artificial intelligence (AI) and machine learning, as well as trustless/permissionless systems such as blockchain and peer-to-peer networks.

Which newer technologies in finance will be facilitated by Web 3.0?

Web 3.0 lends itself to technologies such as blockchain, distributed ledger, and decentralized finance due to its primary decentralization aspect (Defi).

What’s a real-world example of how Web 3.0 will be able to provide greater user utility?

For example, if you are planning a vacation and have a limited budget, you would now have to spend hours searching for flights, hotels, and vehicle rentals, scouring through several websites, and comparing costs. Intelligent search engines or bots will be able to collect all of this information and produce personalized suggestions based on your profile and interests, saving you hours of work.

Conclusion

The new internet will offer a more personalized and tailored surfing experience, a smarter and more human-like search helper, and other decentralized benefits that are intended to contribute to the creation of a more egalitarian web. This will be accomplished by enabling each user to become a sovereign over their data and by providing a richer overall experience as a result of the plethora of innovations that will be implemented once it is in place.

When Web 3.0 hits — as difficult as it is to imagine given how smart gadgets have already impacted our behavioral patterns — the internet will become exponentially more embedded in our daily lives.

Almost all of today’s normally offline machines, from home appliances like ovens, vacuums, and refrigerators to all modes of transportation, will become part of the IoT economy, interacting with its autonomous servers and decentralized applications (DApps), advancing new digital realms like blockchain and digital assets to power a plethora of new tech “miracles” for the twenty-first century.

0 Shares:
Leave a Reply

Your email address will not be published.

You May Also Like