Empire Web 3

Digging Deep in to Web 3

Grow the Empire

Well, where do I start? We all have a passion for cutting-edge technology and how big ideas can change the world. For the past 30 years, the web has been morphing at a rapid rate. Not only does the technology that lets developers create websites and apps change, but also the way we associate with the web.

The way humans have adapted to the web has also shaped the direction in which the web has moved. Web 3.0 is the latest iteration of the internet. What is Web 3.0 and how will it affect our lives? We take a look. 

Salient features of Web 3.0

 

  • Semantic Web

Tim Berners-Lee coined the term early on, but his vision remained unfulfilled. It looks like his dream of a web that completely understands the user would come true after all. Semantic, in this case, means understanding the way humans speak.

We don’t ask our neighbor—“did you see the cricket game yesterday between the Pakistan and India at 8 PM EST on the 10th of April 2022”!

We frame it as—“did you watch Virat Kohli sink one in the last minute?” Won’t it be wonderful if the web could understand you and the context of your words as easily?

  • AI-Assisted

Semantic Web can hardly happen unless the web incorporates AI. There is large-scale deep integration of AI by the big apps such as Instagram (Deep Text) and Google Maps (did you note predicts the fastest route at the drop of a hat).

However, beyond a chatbot with canned answers, such technology is not available to an ordinary someone creating an app. AI would become more easily accessible, and with Web 3.0, open-source AI algorithms can be downloaded off the shelf.

  • Increased Personalization

Most web users are tired of irrelevant and useless search suggestions. There needs to be more personalization to curate the billions of web pages out there properly. Web 3.0 promises to be more customized.

The most interesting factor is its blend with Metaverse, the brainchild of Mark Zuckerberg. Metaverse is an immersive 3D world where you in many ways create your own reality. Nothing can be more personal than a personal universe!

Metaverse application development focuses on Web 3.0 just as its forerunner Facebook was the catalyst for Web 2.0. A Metaverse application in healthcare could revolutionize the way doctors treat patients. The scope for Metaverse applications in education is even greater and can entirely replace the traditional classroom environment.

The big difference is that it is going to be decentralized. The most valuable web properties are owned by billion-dollar corporations. They provide what appears to be a free service. In truth, they are benefiting from the information they gather.

Whereas Web 1.0 was “Read Only” and Web 2.0 was “Read-Write” the latest generation of the web would be “Read-Write-Own”.

Core Ideas behind Web 3.0

 

The 2016 Facebook-Cambridge Analytica scandal was probably the watershed moment that Web 3.0 was born. The web had become corrupt, and the people needed to take back their power. While no one can exactly define what Web 3.0 means, they all agree it is a place where there is more freedom and greater data security.

  • Decentralization

The power is concentrated in the hands of a few right now. If you don’t abide by the rules, you can get kicked out of the web.

That is hardly democratic and the perfect way to stifle any opposition to dissent. Web 3.0 will be decentralized. No one can delete an account because there is no central server to delete it from. A copy resides on millions of computers across the world.

  • Tokenized

Web 3 Applications would not use any traditional currency. Physical currency, even if it is in digital form, can be tracked and that belies the original promise of the internet—anonymity.

Crypto has now gained respect and is no longer a buzzword. Virtual currencies like Bitcoin and Ethereum will be the dollar and pound of the brave new web.

Moreover, you don’t need to have an email ID anymore to log into a website on Web 3.0. Just use a crypto token.

  • Control

Lack of user control over data is the biggest issue on the internet. Every time we make a purchase or share a post, we hand over a bit more about ourselves to unscrupulous data merchants.

Web 3.0 dispenses with personal identity altogether. No one can be harassed or bullied or banned because no one knows who is behind a username. And if data comes from anonymous users who might have a dozen different IDs, what use is data gleaned from their web activity?

Web 3.0 – The Future? 

 

Not a fad. Not a buzzword. Web 3.0 is here to stay. That is true beyond any doubt. Is it in a nascent stage? Of course. No one can provide you with the contours for the next few years.

But movement is happening, and early adopters are shifting to the new web. It will be open, and it will be yours. How soon that will happen depends on the speed at which technology evolves.