Web 3.0 also referred to as “semantic web” is an extension of the World Wide Web through standards set by the World Wide Web Consortium (W3C) in reference to Wikipedia. It has an ultimate goal to make internet data machine-readable. The internet has definitely evolved over the years. From Web 1.0, the first stage of the World Wide Web revolution, usually referred to as the “read-only web”. During this stage, websites were informational and contained only static content that was hyperlinked together. There was no CSS, dynamic links, interactivity like logging in the users, comments on the blog posts, etc. Then comes Web 2.0 or the “read-write web” where visitors can add to or change web pages but with the controversies involving giant tech Facebook over data-sharing, the Web 2.0 has left the impression that users are the products. But Web 3.0’s main goal is to create a decentralized but secure internet where users can transact money and share their data without the need for third parties. In Web 3.0, the users will be the content owner.
The entry of Web 3.0 blockchain technology has created a buzz in the crypto industry. Why? Simply because Web 3.0 is considered the future of the internet which will enable users and developers to utilize the decentralized blockchain technology to its fullest. What are the main features of Web 3.0 making it superior compared to the first two internet versions?
- Trustless and permissionless
- AI (artificial intelligence) and machine learning
- Connectivity and ubiquity
Web 3.0 will provide a more personalized browsing experience to all users. Websites are automatically customized to best fit our device, location, and any accessibility depending on our requirements. With decentralization, censorship will be eliminated since data will be uploaded on the net in a decentralized manner with no oversight from a central authority. Internet users have always clamored for freedom and hated the idea that their contents were being censored and sometimes taken down by social media platforms. The Web 3.0 was definitely an answer they have been wanting for a very long time. This gives them ultimate freedom in publishing their content. What are the benefits of Web 3.0? Let’s examine the benefits of the newest internet revolution.
With Web 3.0, users will regain ownership and full control of their data. Information can be shared needing permission. This will finally resolve the long-standing issue of data-sharing without consent from the owner.
Access to Information
Users can now access data from anywhere in the world with the use of Smartphones and Cloud applications. This will also allow Smartphone devices to collect data from computers.
Elimination of Central Point of Control
Web 3.0 being decentralized eliminates intermediaries or central authorities. No entities including governments can kill services and sites, and no individual can control the identities of others.
Users will not be restricted on account of their income, geography, orientation, gender, or a series of other demographic and sociological factors which give the impression of equality. Also, digital assets and wealth can be transferred seamlessly anywhere across the globe.
Account suspension or denial of distributed services will be reduced. The absence of any point of failure will eliminate service disruption. Data will be stored on the distributed nodes to ensure redundancy, and multiple backups will prevent seizure or server failure.
The idea of decentralization could be very appealing to most internet users. But are there possible problems or errors users may come across with Web 3.0? Let’s take a look at some unintentional errors in how Web 3.0 functions. In a blog published by Mint, the user narrated how a condom ad from a giant company ended up being advertised alongside a story on Twitter about assaults and murders of young women in Hyderabad and Unnao. But this is no human error. Since the word “sex” was frequently used in the thread, the AI decided that someone needs a condom. It also happened to global car companies where their latest car models were advertised along with stories of horrible car accidents. Even skin whitening lotions ads were placed along with stories of racism on YouTube and “White” supremacy. All these stories of misplaced ads have added up to injuries victims might have felt at that time. But we cannot blame these companies why their ads ended up in the wrong places. Blame it on the AI. So, despite the sophistication offered by Web 3.0, there are certain avenues that need ironing should we say. It is still early to rely so much on it given these stories. But as technology advances and with humans constantly looking for solutions to these problems, these flaws will soon be eliminated. And when it happens, we can finally enjoy the perks offered by Web 3.0 and we look forward to it.