Web 3.0 is expected to be a new paradigm in web interaction. It is the third generation of Internet services for applications and websites focused on using machine-based data understanding to create a semantic, data-driven Internet. With Web 3.0 social networks, the whole picture will change platforms such as Sapien, Steemit, Sola, Indorse, OnG, Social, PROPS Project, Yours, etc. All of them use blockchain and next-generation technologies, such as artificial intelligence.
Let's list some of them below. Some of the companies that are creating or have products that are transforming into Internet 3.0 applications are Amazon, Apple and Google. Two examples of applications that use Web 3.0 technologies are Siri and Wolfram Alpha. Over the years, Apple's voice-controlled AI assistant has become smarter and expanded its capabilities since its first appearance on the iPhone 4S model.
Siri uses speech recognition, along with artificial intelligence, to enable complex and personalized commands. 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, which are 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 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 social networks are likely to be largely defined by decentralized technology. For example, social media platforms built on blockchain networks can operate without a centralized authority, using incentive systems to reward users for their participation in social media platforms. Minds is an example of such technology. Although many are predicting Facebook's demise due to the transition from Web 2.0 to Web 3.0, this prediction seems to be misleading.
However, Web 3.0 systems seek contextualized knowledge to help people in their jobs, pointing to a series of potentially useful analyses and information. In addition, Web 3.0 services can bring users and computers together for troubleshooting and intensive knowledge creation tasks. It can be seen on smart devices and the Internet of Things, but just as Web 2.0 took a while to adapt, Web 3.0 will gradually be adopted in all aspects of the web. Web 3.0 is the next third generation of the Internet, where websites and applications will be able to process information in an intelligent and humane way through technologies such as machine learning (ML), Big Data, decentralized accounting technology (DLT), etc.
With Web 3.0, since information would be found based on its content, it could be stored in multiple locations simultaneously and therefore decentralized. Web 3.0 will provide the same content across multiple applications and services will be available on different devices accessible from anywhere. However, with Web 3.0, asking Siri how to build a woodshed would give step-by-step instructions without having to consult any websites. Current manifestations of Web 3.0 include the popularity of Internet-enabled mobile devices and the fusion of home appliances and entertainment systems with the web.
Unbeknownst to many, existing applications have laid the foundation for future interaction in the Web 3.0 space. Web 3.0 was originally called the Semantic Web by World Wide Web inventor Tim Berners-Lee, and its goal was to be a more autonomous, intelligent and open Internet. Web 3.0 simply takes this one step further by making the Internet accessible to everyone, anywhere, anytime. Web 3.0 is very different from Web 2.0, so many industry experts feel it deserves its unique name.
Examples of Web 3.0 applications are Apple's Wolfram Alpha and Siri, which can summarize large amounts of information into knowledge and useful actions for people. . .