The third-generation internet, often referred to as Web 3.0, is the next step in the development of the World Wide Web. It offers a machine-based, data-driven Semantic Web with the aim of giving users a more intelligent and interconnected web experience.
The modern Web is static and cannot be tailored to each user’s specific requirements. Web 3.0 is anticipated to be more interactive and dynamic. It will reimagine the web experience with structural modifications to assure democratization across all elements of the internet by utilizing artificial intelligence and blockchain technologies.
Web 3.0 does away with centralized servers by securely storing and distributing data across a number of devices. A similar approach makes data less vulnerable to attacks because it is no longer held centrally, reducing the possibility of large-scale data leaks.
A path to web 3.0 and data growth
Describe Web 3.0. Is it the Internet’s foreseeable future? You probably won’t discover a concise and original explanation of Web 3.0 if you look for one. Tim Berners-Lee stated, “People frequently inquire as to what Web 3.0 is. Perhaps when access to the Semantic Web is integrated over a sizable data area and you have a scalable vector graphics overlay on Web 2.0, where everything is wavy, crooked, and foggy, you will have access to an astonishing amount of data.
Consider that consumer IP traffic will quadruple between 2017 and 2022 at a compound annual growth rate of 27% to get a sense of how much online data is being produced. By 2022, consumer IP traffic will be reaching 332.7 EB monthly globally. IoT devices will connect to the internet 152,200 times per minute by 2025.
There is no denying that the amount of data is increasing more quickly than ever (and we will continue to produce new content to be filtered every second), but the definition of Web 3.0 and the relationships between its digital data cosmos are still up for discussion.
Web 3.0 characteristics and definition
Web 3.0 uses blockchain technology, is extremely decentralized, and is powered by machine learning and artificial intelligence. Communication between individuals in the real world is the outcome. Users maintain ownership of their data and content and have the option to trade or sell it without risking privacy or relying on a third party. time. Users can log into a website using this business model without having their online identity tracked.
The digitalization of assets through encryption is the foundation of Web 3.0 innovation. Assets and rights are transformed through tokenization into a digital representation, or token, on the blockchain network. Digital currencies like cryptocurrencies and fungible tokens, which are simple to trade across networks and support a new business model that democratizes banking and commerce, are these types of money. Non-fungible tokens (NFTs) are data-based representations of distinctive assets, such as avatars, works of digital art, or trade tokens, that users can own and profit from for their own purposes.
The primary distinctions between Web 1.0 and Web 2.0 may be easily determined. In the past, users generally did not produce their own content and instead made passive references to websites. With the latter, users publish content and communicate with websites (and one another) via social media sites, forums, and other channels. The distinction between Web 2.0 and Web 3.0 is not immediately apparent.
The New York Times reporter John Markoff first used the term “Web 3.0” in 2006 to describe a new generation of the Web that entails particular breakthroughs and habits. The following eight characteristics can be used to define Web 3.0:
- The Semantic Web: The Semantic Web is the next step in the evolution of the Web. Through search and analysis, the Semantic Web enhances web technologies’ capacity to create, exchange, and connect content by comprehending the meaning of words rather than just using keywords or numbers.
- Artificial intelligence: By fusing natural language processing with semantic skills, computers can comprehend information on a par with humans, leading to quicker and more accurate solutions. They improve in intelligence and responsiveness to user needs as a result.
- 3D graphics: Web 3.0 websites and services make extensive use of three-dimensional design. Common instances of this include geospatial contexts, computer games, museum guides, and more.
- Connectivity: Information is more interconnected with Web 3.0 because of semantic metadata. Because of this, the user experience advances to a new degree of connectedness and makes use of all accessible data.
- Universality: Rather than being restricted to computers and smartphones, Internet content and services may be accessed at any time and from any location using a wide range of devices. Web 2.0 is currently widely used in many contexts, but the rise of IoT devices will propel it forward.
- Blockchain: User data is secured and encrypted using blockchain technology. This stops big businesses from having access to and/or using user data for their own gain.
- Decentralized: A peer-to-peer data network with decentralized data storage. Users can safely log in over the internet without being followed, and they retain ownership of their data and digital assets.
- Edge computing: Web 3.0 is based on the advancement of edge computing where applications and data are processed at the network edge on devices such as mobile phones, laptops, devices, sensors and even Even smart cars.
How Web 3.0 will alter how we live
We are getting closer to the definition of Web 3.0 with these features. Web 3.0 is an advancement in which information can now be understood by computers thanks to the integration of semantics and machine learning. They can discover your hobbies, make it easier for you to find what you want, and comprehend how things relate to one another.
Let’s look at an illustration that includes all eight of these characteristics:
In Web 3.0, you can ask your in-car assistant, “I want to watch a romantic movie and eat Japanese food,” and the embedded search engine will respond with personalized advice that takes into account your location, the closest theater that meets your needs, and a delicious Japanese restaurant by automatically referring to reviews on social media. It can also display a 3D menu from the restaurant at that point.