Also known as the decentralized web, Web 3.0 is the third version of the Internet, which is an improvement over the current Internet Web 2, 0. It is anticipated that Web 3, 0 will help overcome this problem, as it is expected to be a decentralized version of the Internet where people have control over their data. Web 3.0 has the potential to provide much greater utility to users, going far beyond social media, streaming and online shopping that comprise most Web 2.0 applications used by consumers. Capabilities such as Semantic Web, AI, and machine learning at the core of Web 3.0 have the potential to greatly increase application in new areas and greatly improve user interaction.
Key features of Web 3.0, such as decentralization and permissionless systems, will also give users much greater control over their personal data. This can help to limit the practice of data mining, which refers to information collected from web users without their consent or compensation, and curb the network effects that have allowed tech giants to become near-monopolies through exploitative marketing and advertising practices. Because of its key decentralization feature, Web 3.0 lends itself to technologies such as blockchain, distributed ledger, and decentralized finance (DeFi). For example, if you are making plans for a vacation and are on a budget, you would currently have to spend hours searching for flights, accommodation and car rentals, crawling numerous websites and comparing prices.
With Web 3.0, intelligent search engines or bots will be able to collect all this information and generate personalized recommendations based on your profile and preferences, saving you hours of work. Web 3.0 will allow us to interact with any person or machine in the world, without having to go through intermediaries who charge fees. Web 3.0 will make the web smarter, safer and more transparent, resulting in more efficient browsing and effective machine-human interaction. Web 3.0 enables a future where users and distributed machines can interact with data, value and other counterparts across a peer-to-peer network substrate without the need for third parties.
Web 3.0 does not have centralized databases that store the state of the application, nor does it have a centralized web server on which the backend logic resides. Therefore, when a user searches for an answer, Web 3.0 delivers the most accurate and relevant result to the end user. Web 3.0 uses semantic technology, along with machine learning and blockchain, to make user interaction more intuitive. Through the wealth of interactions now possible and the global reach of available counterparts, Web 3.0 will cryptographically connect data from individuals, corporations and machines, with efficient machine learning algorithms, leading to the emergence of fundamentally new markets and business models associates.
Blockchain is often associated with web 3.0, and it can be difficult to understand that they are the same or different. With Web 3.0, because information would be found on the basis of its content, it could be stored in multiple locations simultaneously and therefore decentralized. Web 3.0 implies that access to the Internet will be universal and ubiquitous, across regions, networks and devices. This is AI in action, which will soon fit perfectly into Internet 3.0, which will allow blogs and other online platforms to filter data and adapt it to the tastes of each user.