What is Web 3.0?

Introduction

  • Technology is ever-evolving and so is the internet. There is a new type of internet that created a lot of ripples in the world of technology and that is Web 3.0. It is said that Web 3.0 will conveniently understand what we try to say through texts, voice, etc., and will enable us to consume content that suits our particular needs. There do exist some Web 3.0 applications but the development of the new internet is at a nascent stage and needs to develop fully to let us understand what it is capable of doing.
  •  If technological revolution is all you root for, this blog post will prove to be perfect for you.
  •  In this post, we will be covering what Web 3.0 means, the relationship between Web 3.0, Cryptocurrency, and Blockchain, the evolution of the internet, important features of Web 3.0, and examples of Web 3.0 applications.

What does Web 3.0 mean or refer to?

Unlike the current generation of the internet, Web 2.0, data in Web 3.0 will be stored in decentralized digital storehouses. Not only will the users be able to interact with the data, but machines will also be able to interact with the data. To enable seamless interaction with data, contextual and conceptual understanding of the data by the programs is necessary. Keeping the conceptual and contextual understanding of the data in mind, we will like to introduce you to the two pillars of Web 3.0 – Semantic Web and Artificial Intelligence (AI).

 Relationship between Web 3.0, Cryptocurrency and Blockchain

There will be a powerful interrelationship between Web 3.0, Cryptocurrency, and Blockchain as all of the above depend on decentralized data storehouses. There will be integration between the three and automation will be made possible through smart contracts. You can change the way your business operates and the way transactions occur or the way data is stored with the help of the interrelationship between Web 3.0, Cryptocurrency, and Blockchain.

Evolution of the Internet

 We need to know about the evolution of the older generations of the internet to study about Web 3.0:

 1) Web 1.0 – Although Web 1.0 was the most trustworthy internet of the 1990s, it provided access to not a lot of information and allowed no user interaction. Also known as the Static Web, it was pretty difficult to get relevant information as it did not have many algorithms.

 2) Web 2.0 – Web 2.0 or the Social Web introduced us to many of the top social networking sites like Facebook, YouTube that we use even today? How did it do all this? By making interactions with data possible and by the development of web technologies like JavaScript, HTML5, CSS3, and many more.

 3) Web 3.0 – Web 3.0 is the next generation internet that will empower the internet with almost-human-like intelligence with the help of Artificial Intelligence (AI) and smart programs. With the help of Web 3.0, both humans and machines will be involved in the creation of content and making important decisions.

 Important Features of Web 3.0

 We will talk about the four important features of Web 3.0 in this section:

 1) Omnipresence – Web 3.0 will help in making the internet be present everywhere and at all times. With the help of the Internet of Things, new and smart devices powered by the internet will come into existence. In other words, computers and smartphones will have many more smart devices to give them company.

 2) Semantic Web – With the help of Web 3.0, machines may even be able to decipher meaning and emotions from the data provided thus enhancing user experience.

 3) Artificial Intelligence (AI) – AI is present in the current generation Web 2.0 but in Web 3.0 it will become more powerful and enable online platforms to filter data and provide it in an unbiased way in order to suit individual user’s needs.

 4) 3D Graphics and Spatial Web – Why is Web 3.0 referred to as the Spatial Web? That’s because, with the help of Web 3.0., it will be difficult to delineate the boundaries of the real world and the digital world. Graphics technology will be presented in a new way and will bring forth 3D virtual worlds.

 Web 3.0 Applications

In this section, we will be presenting you with examples of two companies that use Web 3.0 applications:

 1)    Siri – Apple’s AI assistant has grown bigger since its inception. Combining voice recognition with Artificial intelligence (AI), Siri can perform various personalized tasks which can sometimes even be complex. Other AI assistants are Amazon’s Alexa and Samsung’s Bixby.

 2)    Wolfram Alpha – Instead of giving you web pages when you search for something on the web, Wolfram Alpha utilizes computational knowledge to help you search for answers to your questions.

Benefits of Web 3.0

Now, let’s talk about some of the benefits that Web 3.0 provides:

 1) More personalized online searching and scanning experience.

2) Uber-smart browsing assistant.

3) Decentralized solutions.

4) More enhanced overall experience.

5) A More integral part of our lives.

 Limitations of Web 3.0

 Here are the limitations”

 1) Difficulties for less-advanced gadgets.

2) Technology needs to be more prepared for Web 3.0.

3) Easily accessible public/private information.

4) More time will be spent on the web.

5) Need for privacy policies.

 What do we conclude?

Web 3.0 will transform the way we live our lives and most of the offline machines will be well integrated with Web 3.0 to give users a more enriched experience. Web 3.0 will bring forth a technological revolution and will be the power behind many magical events in the days to come.

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