The ubiquitous connection of mobile devices adopts broadband mobile Internet access open technology, open data format, open identity, open reputation, identity and portable roaming identity, Web intelligent technology, semantic technology, such as OWL, RDF, SPARQL, SWRL intelligent application, automatic Reasoning and natural language in progress. Powerful mobile devices with Internet connectivity, embedded intelligence, autonomous identities, and embedded encrypted wallets are all part of the next generation of the Internet: Web 3.0. Web 3.0 is expected to become the new paradigm of the Internet and a continuation of Web 2.0.
To this day, there is still a huge debate about the existence of Web 3.0. There is no precise definition of what Web 3.0 is or could be, as it is still under development. This is somewhat academic and not nearly as popular as the prospect of decentralizing Web 3.0.
It is touted as the next iteration of the Internet-after Web 1.0 and Web 2.0-to decentralize the Internet. Web 2.0 is the current version of the Internet that we are all familiar with, and Web 3.0 represents its next phase, which will be decentralized, open, and more useful. Web 3.0 is a collection of next-generation Web applications that use new technologies such as blockchain, artificial intelligence, Internet of Things, augmented reality, and virtual reality (AR/VR) as part of their core technology stack. These new technologies will shape the way users interact with next-generation networks.
Decentralization, immersive experience, and intelligence (also known as AI or knowledge) are rapidly gaining traction, and we know that both will play a central role in the next generation of the Internet. In this article, we’ll look at the evolution of the Internet infrastructure and how the advent of Web 3.0 is affecting existing business models. We are so addicted to the Internet, but we did not even realize and did not realize how it went from the first static pages to fully interactive websites, and now to decentralized services based on artificial intelligence.
Then, in 2005, Web 2.0 came along and changed the way we use the Internet. When Web 1.0 first hit the scene in 1989, it was only used to exchange static content over the Internet, people created static websites, and the cost of hosting a website was higher. The move to Web 2.0, dubbed social networking, has been heralded by advances in mobile technology such as the Apple App Store and a collection of social networking applications such as Facebook and YouTube that have unleashed our ability to digitally interact socially. kingdom. Blockchain technology has opened an exciting new direction for Web 3.0 applications.
In this Web 2.0 era, the Internet is dominated by content creation and social interactions using Big Tech technologies. Blockchain has entered the digital network transformation and its influence will increase. As the development of Web 3.0 technology continues, blockchain technology will remain a vital component of the online infrastructure. Advances in technologies such as distributed ledgers and blockchain archiving will enable data to be decentralized and create a transparent and secure environment, overcoming centralization, surveillance and Web 2.0 ad exploitation.
Advances in technologies such as distributed ledgers and blockchain archiving will enable data to be decentralized and create a transparent and secure environment by overcoming centralization, surveillance and Web 2.0 ad exploitation. The decentralized blockchain protocol Web 3.0 will allow people to connect to the Internet, where they can own and receive adequate rewards for their time and data, eclipsing the exploitative and unfair network where giant centralized repositories are the only ones who own it. And profit from it. With blockchain, web computing will be decentralized through peer-to-peer information exchange between people, companies and machines.
With Web 3.0, data generated by different and increasingly powerful computing resources such as mobile phones, desktops, household appliances, vehicles, and sensors will be traded by users through a decentralized data network, ensuring that users retain control of their property. Web 3.0 will enable data to be connected in a decentralized manner, which is an improvement from Web 2.0 that traditionally centralizes and isolates data. Therefore, many industry leaders have seen the symbiotic relationship between Web 3.0, blockchain and cryptocurrency.
Additionally, at the Singapore Fintech Festival sessions, executives came together to discuss these elements and what Web 3.0’s decentralized structure might mean for corporate hierarchies. After defining the institutional acceptance of the digital currency, the team members moved on to defining Web 3.0 and exploring the shortcomings of Web 2.0 platforms. The discussion began with some of the shortcomings of Web 2.0 platforms.
Victor describes Web 3.0 as a broad classification of distributed technologies and tools that provide a blockchain-based peer-to-peer Internet. Other technologies such as open APIs, data formats, and open source software can also be used in developing Web 3.0 applications. Finally, the modern developer rapidly deploys applications that are integrated with these Web 3.0 components using technology platforms such as the IBM Cloud and the IBM Blockchain Platform.
In fact, the new technologies that make up the components of the prototype Web 3.0 application are already an integral part of the applications we use today. Simply put, Web 3.0 inherits what we use today, and adds the power of 5G, smart devices and sensors, AI/ML, AR/VR, and blockchain, providing a complete solution that blurs digital and The boundaries between numbers. What’s this. physical. We are slowly seeing the emergence of web 3.0 technology, there are some web 3.0 applications available, but until a complete paradigm shift, we will not be able to realize its true potential. But one thing is certain: Web 3.0 will change our online life, making it easier and more convenient to search for any content on the Internet, while ensuring the security of our sensitive data.
The fragility of the Internet is a problem that will require not only innovative development, but also a radically new way of thinking. Web 3.0 entrepreneurs and decentralization application (dApp) developers will face software development challenges such as user authentication and data storage / querying differently than in the Web 2.0 era. This gradual shift towards what can be a truly free and transparent Internet is undoubtedly an exciting prospect for many people, but it can take a steep learning curve for developers to move from building Web 2.0 applications to exploring the paths required to build decentralized applications or decentralized applications.
As a result, Web 3.0 applications will run on decentralized blockchains, peer-to-peer networks, or a combination of these – such decentralized applications are called Dapps. Web 3.0 is the third generation of Internet services for websites and applications that will focus on leveraging machine understanding of data to deliver a data-driven Semantic Web. Web 3.0 is based on the fundamental concepts of decentralization, openness, and greater user-friendliness. Web 3.0 is about building a decentralized infrastructure that protects individual property and privacy.
Overall, Web 3.0 is the next stage in the evolution of the Internet, which will enable human intelligence to process information with technologies such as big data and machine learning. Core Web 3.0 features such as decentralization and reward-free systems will also give users much better control over their personal data.