What Is Web 3.0?
Web 3.0 is the next version of the internet that will allow websites and apps to process information in a human-like manner. By leveraging technologies like machine learning (ML), big data, and distributed ledger technology (DLT). Tim Berners-Lee, the inventor of the World Wide Web, originally described this as the Semantic Web, and it was supposed to be more autonomous, intelligent, and open.
According to Web 3.0, data will be connected decentralized, which is a massive leap ahead of what we currently have on the internet (Web 2.0), which is heavily centralized.
Furthermore, data will be able to be interacted with by both humans and machines. It will take programs both conceptually and contextually to understand the information. Semantic web and artificial intelligence (AI) are the two cornerstones of Web 3.0.
Blockchain and Web 3.0
We can expect a strong convergence and symbiotic relationship between cryptocurrencies, blockchain technology, and Web 3.0 networks in the future. Smart contracts will automate this process and enable everything from microtransactions in Africa to censorship-resistant P2P file sharing with Filecoin to completely changing the way every business conducts and operates its business. The current array of DeFi protocols is only the tip of the iceberg.
Technologies for Web 3.0
While looking at Web 3.0 technology, we need to keep a few things in mind. Web 3.0 is not a new idea. A pioneer in creating Web 1.0 and 2.0 applications, Jeffrey Zeldman, put his support behind Web 3.0 back in 2006 in a blog post. However, discussions on this topic began several years earlier.
Web 3.0 Technologies – Evolution
In addition to combining older-generation web tools with cutting-edge technologies like AI and blockchain, Web 3.0 will be based on the connecting of users and increasing use of the internet. In a nutshell, Internet 3.0 is a step up from its predecessors: 1.0 and 2.0.
Web 1.0 (1989-2005)
Although Web 1.0 provided limited access to information with little user interaction, it was the first and most reliable internet in the 1990s. There weren’t user pages or even comments on articles in the old days.
It was extremely difficult for users to find relevant information on Web 1.0 because there were no algorithms to sort internet pages. Basically, this system was little more than a one-way street with a narrow footpath where only a few created content and information mostly came from directories.
Web 2.0 (2005-present)
Since data could now be distributed and shared between the platforms and applications, both social networks and user-generated content production flourished.
This new era of internet tools was pioneered by web innovators like Jeffrey Zeldman.
Web 3.0 (yet to come)
Web 3.0 is the next step in web evolution that would make the internet smarter by integrating automation with artificial intelligence to provide users with near-human-like intelligence.
Key Features of Web 3.0
For an in-depth view of what Web 3.0 is all about, we need to look at these four key features:
- Semantic Web
- Artificial Intelligence
- 3D Graphics
In the context of ubiquity, one refers to the capability of being everywhere, especially simultaneously. Also known as omnipresence. Web 2.0 does in fact seem ubiquitous because, for instance, users of Facebook can instantly share an image which, in turn, becomes ubiquitous since it can be accessed by anyone, wherever they may be, as long as they have access to the social media platform.
As a result of Web 3.0, everyone can access the internet anytime and anywhere. Eventually, IoT (Internet of Things) technology will expand the range of internet-connected devices and not be restricted to computers and smartphones like in Web 2.0.
Semantics is the study of how words relate to one another. Accordingly, Berners-Lee’s Semantic Web allows computers to analyze massive amounts of data from the Web, which can contain information such as content, transactions, and links among people.
Machines could analyze data and decode meaning and emotions by applying semantics to the Web. As a result, enhanced data connectivity will lead to an improved internet experience.
In the future, Web 3.0 machines will be able to decipher and interpret data in order to give rise to intelligent machines. It does present similar capabilities, but it is still largely human-based, and thus presents the possibility of corruption, as in biased product reviews, rigged ratings, etc.
Spatial Web and 3D Graphics
As a result of the revolutionary graphics technology of Web 3.0, it will enable three-dimensional (3D) virtual reality to come into clearer focus by blurring the line between the physical and the digital.
Web 3.0 Applications
Web 3.0 applications must be able to process vast amounts of data and turn it into meaningful knowledge and useful executions. In spite of the fact that these apps are still in a very early stage, they contain a lot of potential for improvement and are a long way from what Web 3.0 could possibly accomplish.