The Internet in for yet another revolution?

The Internet is on the brink of its next stage of evolution, and many opinion makers, scientists, and ideologists state that the era of Web 3.0 is about to begin. Let’s look at what Web 3.0, what the key takeaways of this idea are, and how it came to be.

But first, let’s take a short trip down history lane. We are now living during the late Web 2.0 age of the Internet. Web 2.0 emerged after the collapse of the dot-com bubble in the early 2000s and was marked by the appearance of the social media giants. Web 2.0 is the type of Internet and also an approach to web design where systems improve alongside the number of their users, as in, the more, the better. It’s the ruling age of user-generated content and user-generated services. It gave us all the most famous blogging platforms, social networks, and the Wikipedia type of knowledge bases. Speaking of web 1.0, in the timeline of the Internet, it is considered so basic that many refer to it just as the state of the Internet before web 2.0.

We have all watched it unfold, and we have all watched it stagnate. The signs of stagnation are all there, from social media-induced anxiety disorders to the general deterioration of any credibility for almost any source of information and to universal biases being formed all the time.

What will make Web 3.0 tech a breakthrough?

The Internet today, as many thinks, is a rather sad place. So, what’s web 3.0 bringing to it, and how is it going to make it all better? The concept was formed by Jason Calacanis as a continuation of Tim O’Reilly’s Web 2.0 one. Its other name is Semantic Web, and this is exactly what it is. The kind of Internet that not just understands your input and can analyze it. It perceives your request behind that input. As such, any content that you consume and are offered to becomes customized for your particular taste, interests and is adapted for your person and personality.

If social media are the pillars of Web 2.0, machine learning algorithms, blockchain, and AI is that for web 3.0. Web 3.0 applications will not just work with concepts, but they will work with context.

How does blockchain technology factor in? Most web 3.0 apps will use decentralized ledgers and protocols, so it is expected that blockchain will receive a huge boost as a tech shortly. Web 3.0 apps will operate on smart contracts for automation and will be utterly scalable, adaptive, and ambivalent. Tim Burners-Lee, who coined the term ‘Semantic web,’ stated that Web 3.0 would connect people, machines, and any type of environment, such as home, work, and others. Scalability and being built on the back of blockchain tech will also make web 3.0 apps omnipresent, bringing them to the spheres of life that went just fine without the Internet before. This will become possible with the spread of the Internet of Things, putting smart devices in place of regular ones. Jokes aside, but jokes about your smart fridge being capable of shutting you out if you have had one beer too many are not jokes anymore even now.

And what about social impact?

Web 3.0 has already given rise to various new professions, many being connected with Big Data, all sorts of information analysis and prognosis algorithms, and AI. Cryptocurrencies are also expected to do yet another climb and receive a surge of development. It is agreed that within the new model, they will take up the role of a universal means of quick and safe exchange, leaving centralized means, such as bank cards, far behind.

Web 3.0 and its decentralized, personalized approach to information may just as well give us a fairer and more unbiased version of the World Wide Web that will become far more integrated with our everyday life.

The Internet in for yet another revolution?

The Internet is on the brink of its next stage of evolution, and many opinion makers, scientists, and ideologists state that the era of Web 3.0 is about to begin. Let’s look at what Web 3.0, what the key takeaways of this idea are, and how it came to be.

But first, let’s take a short trip down history lane. We are now living during the late Web 2.0 age of the Internet. Web 2.0 emerged after the collapse of the dot-com bubble in the early 2000s and was marked by the appearance of the social media giants. Web 2.0 is the type of Internet and also an approach to web design where systems improve alongside the number of their users, as in, the more, the better. It’s the ruling age of user-generated content and user-generated services. It gave us all the most famous blogging platforms, social networks, and the Wikipedia type of knowledge bases. Speaking of web 1.0, in the timeline of the Internet, it is considered so basic that many refer to it just as the state of the Internet before web 2.0.

We have all watched it unfold, and we have all watched it stagnate. The signs of stagnation are all there, from social media-induced anxiety disorders to the general deterioration of any credibility for almost any source of information and to universal biases being formed all the time.

What will make Web 3.0 tech a breakthrough?

The Internet today, as many thinks, is a rather sad place. So, what’s web 3.0 bringing to it, and how is it going to make it all better? The concept was formed by Jason Calacanis as a continuation of Tim O’Reilly’s Web 2.0 one. Its other name is Semantic Web, and this is exactly what it is. The kind of Internet that not just understands your input and can analyze it. It perceives your request behind that input. As such, any content that you consume and are offered to becomes customized for your particular taste, interests and is adapted for your person and personality.

If social media are the pillars of Web 2.0, machine learning algorithms, blockchain, and AI is that for web 3.0. Web 3.0 applications will not just work with concepts, but they will work with context.

How does blockchain technology factor in? Most web 3.0 apps will use decentralized ledgers and protocols, so it is expected that blockchain will receive a huge boost as a tech shortly. Web 3.0 apps will operate on smart contracts for automation and will be utterly scalable, adaptive, and ambivalent. Tim Burners-Lee, who coined the term ‘Semantic web,’ stated that Web 3.0 would connect people, machines, and any type of environment, such as home, work, and others. Scalability and being built on the back of blockchain tech will also make web 3.0 apps omnipresent, bringing them to the spheres of life that went just fine without the Internet before. This will become possible with the spread of the Internet of Things, putting smart devices in place of regular ones. Jokes aside, but jokes about your smart fridge being capable of shutting you out if you have had one beer too many are not jokes anymore even now.

And what about social impact?

Web 3.0 has already given rise to various new professions, many being connected with Big Data, all sorts of information analysis and prognosis algorithms, and AI. Cryptocurrencies are also expected to do yet another climb and receive a surge of development. It is agreed that within the new model, they will take up the role of a universal means of quick and safe exchange, leaving centralized means, such as bank cards, far behind.

Web 3.0 and its decentralized, personalized approach to information may just as well give us a fairer and more unbiased version of the World Wide Web that will become far more integrated with our everyday life.