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What is Web 3.0 and the Future of the internet?

Web 3.0 is the newest Internet technology that uses machine learning, artificial intelligence, and blockchain to achieve real-world human communication. The icing on the cake is that web 3.0 not only permits individuals to posses their data, in spite of that they will be repayed for the time spent on the web.
It’s too good to be true ? Welcome to the future of the Internet.

What is Web 3.0?

Web 3.0 (also called as web3) is the third generation of the Internet that connects data in such a way to deliver a faster, more personalized experience of user. It is set up using AI, semantic web and machine learning, and utilize a blockchain security system to keep your data safe.
Decentralization, openness and incredible usefulness for the user are the characteristics of web 3.0.
The semantic web is the easy way so that it interprets and understands the context and concept of data. So, if user searches for an answer, web 3.0 provides them with the most accurate and relevant result.
Tech giants such as Google, Facebook, and Microsoft are among the few companies currently making huge profits from user data. But web 3.0 will allow all of us to be compensated for our time and data: “people have been exploited by tech companies – essentially, tricked into giving away valuable data with little or no compensation from the companies that collect them and profit from them. Instead, people should be paid for the data they share”.
This means users will be able to sell their own data to advertisers while maintaining data ownership and privacy. Additionally, web3 will allow websites and applications to use data more meaningfully and to tailor information to each user.
Thus, this third generation of the web is an internet where you will enjoy personalized interactions with machines and websites in the same way as when you communicate with any other human.

Difference between Web 1.0, Web 2.0 and Web 3.0

Before we dive deeper into Web 3.0, we need to understand how we got here – through Web 1.0 and Web 2.0.
Here is a quick history of the Internet:
  • Web 1.0 is the web where people can only read information written on websites.
  • Web 2.0 is the web where people can read as well as write content on websites & apps.
  • Web 3.0 is also known as the read-write-interact web (powered by AI) where users can read, write and interact with content, including 3D graphics, on websites and apps.

Why Web 3.0 matters for the future?

Web 3.0 is a system for users, designed by users in the form of creator-led platforms.
Here are the main reasons why web3 will become important in the coming years:
  • Less reliance on centralized repositories: Web 3.0 will try to make the internet a diverse source to prevent hackers, leaks, and reliance on centralized repositories. With verifiable data scarcity and tokenized digital assets, users will be able to own their own data and digital footprints. No platform will be held responsible for the use of the data.
  • More personalized interactions: Web 3.0 will become increasingly important in 2022, as most users continue to favor personalized and individualized web browsing encounters.
  • Better research assistance through AI: There will be a growing demand for humanized digital research assistants that are much smarter, ubiquitous, and powered by semantics, blockchain, and AI.
  • Reduced reliance on intermediaries: It will disintermediate businesses, remove rent-seeking intermediaries, and deliver that value directly to customers and suppliers in a network. Network users will work together to solve problems that were previously difficult to control through mutual ownership and governance of these new decentralized intelligence structures.
  • The rise of peer-to-peer connectivity: Thanks to the new inventions of the Internet, the connection between members and organizations will remain inherently robust to keep pace with more adaptive peer-to-peer interaction and governance. With peer-to-peer connectivity, businesses, humans, and machines will be capable to share more data while maintaining greater security and privacy.
  • Increased confidence: With knowledge of the next generation Internet, we can reduce reliance on individual platforms to secure the future of entrepreneurial activity and investment.
Examples of Web 3.0 in real life
Web 3.0 is already implemented in various fields including virtual assistance, education, social networks, messaging, exchange services, browsing, etc.
For example, while you’re sitting at your desk, if you want to check the availability of groceries in your home, you can ask your digital assistant to examine the contents of your refrigerator by communicating with the interconnected smart devices in your home.
Plus, you can organize your vacations, business trips, weekend parties, and household chores, and even keep your home safe using the ubiquitous home internet-connected devices. The virtual assistant’s personalized recommendations help you plan the perfect weekend, whether it’s booking your tickets at a discount, finding exciting places to explore, or booking hotels. Final Thoughts on Web 3.0
We are moving towards an Internet where people will have full control over their data and privacy, and allow companies to use their data (or not). All of this will be powered by the blockchain.
Therefore, web 3.0 will quicken the transparent and honest use of user data, from personalized search results to cross-platform development tools to the use of 3D graphics. The web will become more interactive and immersive. The new Internet will soon be here! Let’s welcome web 3.0 with open arms.

Conclusion

We are moving towards an Internet where people will have full control over their data and privacy, and allow companies to use their data (or not). All of this will be powered by the blockchain. Therefore, web 3.0 will accelerate the honest and transparent use of user data, from personalized search results to cross-platform development tools to the use of 3D graphics. The web will become more immersive and interactive. The new Internet will soon be here! Let’s welcome web 3.0 with open arms.
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