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The Road to Web 3.0: Concept and Benefits

  • Utsav Mishra
  • Apr 12, 2022
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The World Wide Web (often known as the Web) is largely regarded as the world's most rapidly increasing publication medium. To be competitive, it's vital to keep up with technological advancements.


The Internet evolves in its own unique way. It progressed from Web 1.0's static informational properties to Web 2.0's interactive experience. Web 3.0, the next step in the evolution of the Internet, has already begun.


Web 3.0 is a unified Web experience in which machines can comprehend and catalogue data in the same manner that humans do. 


So, as Web 3.0 is on a rise and is ready to transform industries across the world, we are here to tell you everything about it.


But before I begin with web 3.0, we need to understand the concept of web 2.0 that 3.0 has changed.


So let’s first understand web 2.0 and then move ahead.


The Concept of Web 2.0


In comparison to its previous version, Web 1.0, Web 2.0 defines the current state of the internet, which contains more user-generated content and usability for end-users. Web 2.0, in general, refers to 21st-century Internet applications that have altered the digital era after the dotcom bubble burst.


Web 2.0 does not refer to any specific internet technology changes. It simply refers to a change in the way people utilise the internet in the twenty-first century. There is a greater level of information sharing and connection among people in the new age. This new version allows consumers to actively participate in the experience rather than simply watching and absorbing data.


Now let us come to the point, and continue our journey to where it was going. So, let us dive in now and get to the new generation, the generation of Web 3.0.


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What is Web 3.0?


Web 3.0 is the next iteration or phase in the evolution of the web/Internet, and it has the potential to be as disruptive and paradigm-shifting as Web 2.0. The main concepts of Web 3.0 include decentralisation, openness, and increased user utility.


Some of these essential notions were developed upon by Berners-Lee in the 1990s, as outlined below:


  • "No permission from a central authority is required to post anything on the web," says Decentralisation. "There is no central controlling node, and hence no single point of failure...and no 'kill switch'!" This also entails freedom from censorship and surveillance on an ad hoc basis."


  • "Instead of code being created and controlled by a small group of professionals, it was built in full view of everyone, encouraging maximum engagement and experimentation," according to bottom-up design.


If we were to explain web 3.0 in simple words, we would say, Web 3.0 refers to the next generation of the internet, in which websites and apps will be able to handle data in a clever human-like manner using technologies such as machine learning (ML), Big Data, and decentralised ledger technology (DLT), among others. 


Tim Berners-Lee, the inventor of the World Wide Web, dubbed Web 3.0 the Semantic Web, with the goal of creating a more autonomous, intelligent, and open internet.


Data will be interconnected in a decentralised form, which would be a big leap ahead from our present generation of the internet (Web 2.0), where data is largely housed in centralised repositories.


Users and machines will be able to engage with data as well. However, programmes must be able to comprehend information both conceptually and culturally in order for this to happen. With this in mind, the semantic web and artificial intelligence are the two cornerstones of Web 3.0. (AI).


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Web 3.0 vs 2.0

Image showing difference between Web 3.0 vs Web 2.0

Difference between Web 3.0 vs Web 2.0

The detailed impressions of web 2.0 and web 3.0, as well as their features, clearly demonstrate the contrasts. Web 2.0, for example, focuses on read and write operations, whereas web 3.0 places a greater emphasis on the semantic web. Take a look at the following comparison of web 2.0 vs. web 3.0 in terms of several elements.


  1. Definition


The definitions of web 2.0 and web 3.0 are one of the most important aspects to consider while answering the question "What is the difference between web 2.0 and web 3.0?" The participatory social web, or Web 2.0, is the second generation of online services that allows users to read and publish. Web 3.0, on the other hand, is the web's third generation, which focuses on the semantic web. On decentralised infrastructures, it primarily focuses on improving communication and understanding between humans and machines.


  1. Focus


The major focus would naturally draw attention to the next essential characteristic for detecting web 2.0 and web 3.0 differences. The goal of Web 2.0 was to allow people to engage with material on the internet. Web 3.0, on the other hand, encourages users to become active contributors to the internet's content. 


Web 3.0 aspires to link knowledge, as opposed to web 2.0's goal of connecting people. The focus of web 2.0, on a larger scale, was mostly on tagging and end-user experiences. By facilitating enhanced trust, security, and privacy, Web 3.0 shifted its focus to user empowerment. As a result, you can see how the focus area is a significant factor in web 2.0 vs. web 3.0 comparisons.


  1. Technologies


The underlying technologies are the third significant differentiating point in the web 2.0 vs web 3.0 comparison. Web 2.0 has been instrumental in the creation of numerous new technologies. AJAX and JavaScript are two important technologies that have fueled the expansion of web 2.0. 


In addition, the dominance of CSS3 and HTML5 among the technologies enabling Web 2.0 may be seen. On the other end of the spectrum, you'll discover web 3.0, which supports the adoption of cutting-edge technology. AI, semantic web, and decentralised protocols are among the primary technologies that constitute web 3.0's basis. Knowledge bases and ontologies are two more prominent technologies that are driving the rise of web 3.0.


  1. Applications


Another important point to consider while determining "what is the difference between web 2.0 and web 3.0?" is the types of apps that are linked with each. Web applications can be found in the context of web 2.0. Web 2.0 applications include two-way web pages, video websites, podcasts, and personal blogs, to name a few. 


Web 3.0, on the other hand, enables the development of smart applications that can take advantage of machine learning and artificial intelligence capabilities. Multi-user virtual environments, 3D portals, and integrated games are all examples of web 3.0 applications.


  1. Features


The features are undoubtedly the ultimate highlight of the web 2.0 vs web 3.0 comparison. Web 2.0 improves interactivity while also introducing a diverse set of web apps.


Furthermore, it is reliant on interactive advertising. Web 3.0, on the other hand, is built on behavioural marketing and includes intelligent web-based features and applications. In reality, web 3.0 is an excellent example of how web technology and knowledge representation may be combined.


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Need For Web 3.0


For far too long, the internet has been dominated by a few huge firms, leaving individuals with less control. These companies have requested for our personal information in exchange for access to their platforms and services, which they have subsequently monetized and sold.


If you're concerned about recovering control over your personal data, Web 3.0 is something you should be concerned about. Web 3.0 can thrill you if you want to use the internet in a way that benefits all users equally.


Furthermore, if you comprehend the advantages of decentralisation, it's time to acknowledge Web 3.0's significance. If you recall the initial idea for the World Wide Web, Web 3.0 is an embodiment of that vision in many ways.


Web 3.0 and Blockchain


The most essential component of web 3.0 examples such as voice assistants Siri and Alexa shows how machine learning may generate a new range of internet services. The third generation of the internet would run on decentralised protocols, with the exception of hints of incorporating machine learning and connecting machines through IoT. 


As a result, finding a possible convergence of blockchain in web 3.0 is critical. Interoperability, automation through smart contracts, seamless integration, and censorship-resistant storage of P2P data files are all features of the third generation of online networks. As a result, it is evident that blockchain will be a major driving factor behind the internet's future generation.


Blockchain is playing a critical role in altering traditional data storage and management methods. In layman's terms, blockchain provides a one-of-a-kind collection of data, or a global state layer, that is managed collectively. The ability to construct a value settlement layer on the internet is provided by the unique state layer. The state layer enables effective P2P transactions without the use of middlemen by allowing files to be sent in a copy-protected way.


Now we will look at the benefits of Web 3.0


Benefits of Web 3.0


Let's have a look at the main advantages of Web 3.0.


  1.  Information or Data Ownership:


End-users will recover entire ownership and control of their data while also benefiting from encryption security. Permission/need or on a case-by-case basis, information could then be supplied. 


Large corporations such as Facebook and Amazon now have a plethora of servers keeping personal information such as income, interests, dietary preferences, credit cards, and so on. These data aren't just collected to improve their services; they're sold to advertisers and marketers who spend billions of dollars each year for them.


  1. Access to Information:


One of the most major benefits of Web 3.0 is the shift to being able to access data from any location, which is mostly driven by the widespread use of Smartphone and Cloud applications. 


The goal is for the user to be able to get as much information as possible  from anywhere on the planet. The technology intends to broaden the concept by allowing gadgets to collect user data and allowing smartphones to access data stored on a computer.


  1. Elimination of the Command and Control Centre:


Blockchains, such as Ethereum, offer a secure environment where data is entirely secured and rules are unbreakable. As a result, the intermediates are no longer needed in the equation. Users' data will no longer be under Apple's or Google's control. No government or corporation will be able to shut down services or websites, and no single person will be able to control the identities of others.


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  1. The Blockchain with No Permissions:


Anyone can generate a blockchain address and use it to communicate with the network. It's impossible to overestimate the power of being able to access permissionless blockchains. 


Users will not be limited by their wealth, location, sexual orientation, gender, or a variety of other demographic and societal criteria. Digital assets and wealth may be transferred rapidly and efficiently across borders and around the world.


  1. Service That Isn't Interrupted:


Account suspensions and distribution service denials are drastically minimised. The service impact will be minimal because there will be no single point of failure. To provide redundancy, the data will be kept on remote nodes, with several backups in place to prevent seizure or server failure.


  1. Web Surfing with a Personal Touch


Websites will be better equipped to detect our preferences, resulting in a more personalised internet surfing experience. Web applications evaluate our internet usage and behaviours in order to tailor themselves to our device, location, and other factors.



  1. Improved Marketing


Sellers would be able to better understand the buying wants if they used AI-powered Web3. They will present buyers those products and services in which they are interested. Buyers will be exposed to more relevant and informative advertisements.


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In many ways, the Internet has revolutionised the world for the better. The Semantic Web is the next step in the Internet's growth, and it will ensure that we can always reap its benefits while avoiding its drawbacks.


Web 3.0 is critical because it allows businesses to cut out the middlemen and connect computers directly, streamlining operations. This makes it easier for employees, partners, and customers to communicate and collaborate, resulting in a more effective firm.

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