Personal tools

Web 3.0 Technologies

University of Texas at Austin_091921A
[University of Texas at Austin]


     - Web 3.0 Leads the Data Revolution

    Web 1.0 introduced a new global platform for digital consumption, Web 2.0 enabled social networking and user-driven feedback, and Web 3.0 represents the rise of a distributed "smart" Web rooted in blockchain technology.

    Web 3.0 is the next generation of the internet, powered by artificial intelligence (AI) and big data. The goal of Web 3.0 is to make the Internet more intelligent, personalized and responsive to users' needs. To achieve this, artificial intelligence and big data will be used to create a "semantic web" to understand the meaning of information on the internet. 

    This will allow for more accurate search results, better recommendations and a more personalized experience. Additionally, Web 3.0 will enable direct interaction between devices without human intervention. This "Internet of Things" will create new opportunities for automation and efficiency. Overall, Web 3.0 has the potential to transform the Internet into a more powerful and useful tool for everyone.


    - Web 3.0 Technologies - Decentralized Network

    Web 3.0 refers to a new, improved and democratized Internet ecosystem that will free itself from any form of central authority. 

    Decentralized network, also known as Web 3.0, is the vision of the next-generation Internet, a peer-to-peer network built around blockchain technology, where users own their own data, data is portable, and computing and storage resources are distributed by internal End-user-provided networks, applications running locally on end-user devices and platforms are decentralized and autonomous. 

    Today, powerful new technologies are converging, bringing us into the new technological paradigm of the Internet. These include the rapid development of blockchain -- and other decentralized technologies such as IPFS -- advanced analytics and dataization, and the rise of the Internet of Things. 

    Today, we are moving towards a decentralized web (Web 3.0). The concept exists to take power away from big corporations and give it back to users. We've seen some steps taken to put users back in power. Data will be easily shared and revoked between users, with interoperability. 

    The main purpose of the Web 3.0 movement was not to expand the capabilities of the Internet. Instead, Web 3.0 focuses on reimagining how the Internet is accessed and interacted with. Leveraging the technology driving the blockchain revolution, Web 3.0 aims to take ownership away from the companies that rule the Internet today.


    - The Differences between Web 2.0 and Web 3.0

    Web 2.0 and Web 3.0 represent successive advanced iterations of the original Web 1.0 of the 1990s and early 2000s. Web 2.0 is the current version of the web we are all familiar with, and Web 3.0 represents its next phase, which will be decentralized, open, and more functional.

    Innovations such as smartphones, mobile internet access, and social networking have driven the exponential growth of Web 2.0. Web 2.0 disrupted industries that failed to integrate new web-based business models. The defining characteristics of Web 3.0 include decentralization; trustless and permissionless; artificial intelligence (AI) and machine learning; and connectivity and ubiquity.

    Web 2.0 is based on user interaction, while Web 3.0 will be based on user interaction and immersion. Web 2.0 was primarily about social media and information sharing, while Web 3.0 will be more interactive, allowing users to interact with each other and their environment in real-time


    - The Web Data Revolution

    User data and the internet companies that monetize that data are transforming the global economy. As a recent article in Harvard Business Review observed, platform companies such as Facebook, Google, and Twitter do not dominate a single industry, but use "competitive bottlenecks" to aggregate and collect users' personal data. By acting as gatekeepers across a range of industries, these internet giants now tax and mediate value creation in the digital economy. 

    Fortunately, the story of the internet didn't end there. In addition to the innovation bottleneck created by entrenched data monopolies, new tools have emerged around Web 3.0 that allow people to own their data. Web 1.0 introduced a new global digital consumption platform, Web 2.0 enabled social networking and user-driven feedback, and Web 3.0 represented the rise of distributed "smart" networks rooted in blockchain technology.



    [More to come ...]



    Document Actions