Those of you aren’t living under a rock will know that Web 3.0 is the latest buzzword these days. Perceived as the third iteration of the internet, Web 3.0 is a revolutionary concept that is set to transform our lives. With the primary goal of taking back power from large corporations who own and control data, Web 3.0 intends to introduce a paradigm shift in how the existing Web 2.0 is designed. And it isn’t a stand-alone technology. From artificial intelligence and linked data to blockchain tech and more, Web 3.0 is much more than a complete upgrade to the internet. We at Delta Exchange would love to take you through Web 3.0’s ropes.
While Web 1.0 had a read-only infrastructure and Web 2.0 had a read-write infrastructure, Web 3.0 will be a read-write-trust web. In order to truly understand the transformative potential of Web 3.0, it is essential to understand Web 1.0 and 2.0 as well.
Web 1.0 is the origin of the internet, whereas Web 2.0 is the current iteration of the internet. The internet was formerly only a collection of static HTML web pages that could only be read and browsed. This was also a time when the internet was a mysterious and dark space.
Then there was Web 2.0, which introduced a far more interactive and dynamic infrastructure. From the mysterious space that people were dubious about to a space where you could access information from anywhere in the world, Web 2.0 has come a long way. And this was further enhanced with the arrival of smartphones and cloud technology, as people switched from using the web for only a few hours a day to using it on the go. Web 2.0 essentially enabled users to share information globally while also allowing them to develop on top of the infrastructure, thereby bringing us to the upcoming Web 3.0.
Web 3.0 takes a step further in creating a fairer and more transparent internet with the use of blockchain technology. What makes Web 3.0 so appealing, or, as some may put it, the need of the hour, it seeks to solve one of the most pressing challenges of modern times – the unauthorized collection and controlling of personal data by a small group of large corporations. Web 3.0 is based on a decentralized network that is not governed by a single entity, and these networks are built, run, and maintained by the people who use them. Ultimately, web 3.0 aims to put power and data in the hands of users rather than corporations.
Salient Features Of Web 3.0
Democratization of data
As we’ve seen above, the democratization of data is the core purpose of Web 3.0. Corporations will no longer need servers to store user data if Web 3.0 becomes a reality since control over data will be passed on to the users.
Security and privacy
Web 3.0 uses cryptography to overcome security and privacy concerns. Data on the network is encrypted, so it can only be accessed by the node that has the right key. Furthermore, implementing blockchain will improve data security, making it nearly impossible for hackers to gain access to data.
Most existing applications are OS-specific, which means that some applications work only on Android devices while others will work only on Apple devices. With the arrival of Web 3.0, however, all of that is poised to change. When it comes to devices and operating systems, Web 3.0 apps will be independent of them. Instead, an app that could work on a smartphone could also work on a smart TV or any other device with smart sensors.
While we don’t know for sure when Web 3.0 will roll out, it certainly isn’t expected to roll out overnight since it’s still a work-in-progress. However, despite their apparent transformative benefits, Web 3.0 has several obstacles to overcome, including those relating to its gradual pace of adoption, difficulties in implementation, and more. But the world’s already at work to solve these challenges, and there’s no doubt that this revolution in the making is coming soon.