Can Web 3.0 Be The Next Revolution For The Internet?

You should have heard of the term “Web 3.0”, commonly known as the next generation of the Internet, recently. Each month, more than 18,000+ active developers commit code to open source crypto and Web 3.0 applications, according to a study. If you’re unfamiliar with this invention, consider the time when you could use a single account to go from shopping to email to social networking. This is exactly Web 3 Development. By utilizing the integration of Artificial Intelligence and Machine Learning, it can not only interpret the input but also what you’re conveying and present you with individualized recommendations. Web 3.0 can be described as the best combination of Web 1.0 and Web 2.0, allowing websites and online apps to receive fresh data/information from the Internet and offer it to consumers. And if you want to learn more about this subject, just keep reading!

1. What Is Web 3.0? The Brief History Of Web

Before describing Web3 Development, it’s important to comprehend the evolution of the web, from Web 1 to Web 2 to Web 3. Web 1.0, also known as the Static Web, was the first and most stable web in the 1990s, with most material in the form of text or hyperlinks. The main goal of web 1.0 was to help people find information. Online users couldn’t freely communicate because it was “read-only” so any dialogue had to take place offline. Furthermore, rather than a database, the data was stored on the servers of each unique website.

The read-only mode of Web 1 had become obsolete, explaining why Web 2 was created and pushed as an interaction platform. Because of the spark of increased functionality in web technologies like JavaScript, HTML5, CSS3, and others, Web 2 made the web much more dynamic, giving birth to the world’s largest tech companies like Amazon, Facebook, Google. From 1999 to 2004, this next Web evolution, as characterized by O’Reilly and others, pushed the globe away from static desktop web pages generated for information consumption via pricey servers and toward interactive encounters and user-created content.

And now, we’ve all progressed to the next step of web development – Web3. It is an improved version of its predecessors, Web 1.0 and Web 2.0. We can also refer to the addition of “AI and Blockchain” technologies to Web 2.0 web tools as a Web 3.0. Web3 applications, also known as dApps, are developed on top of blockchains or decentralized networks, as opposed to Web 2.0, where developers build and deploy applications utilizing a centralized database. Peer-to-peer nodes (a node is similar to a server) or a combination of both are used to connect them. As far as its characteristics are concerned, the new internet is considered more secure, more connected, more user-centric, and more private. It aspires to be more open, self-sufficient, and intelligent. Through intelligent searches and behavioral advertisements, Web 3.0 can provide you with more personalized experiences.

A comparison between Web3 vs Web2.

2. What Are The Key Web 3.0 Features and Components?

a. Decentralization

Previously, when you logged into an app or reacted to any web content, tech giants like Google and Facebook (Meta) tracked and monitored your activities in order to better target their ads. However, in Web3, data is decentralized, allowing users to own their data. Web 3.0 will be available from any location and device, with data generated by a plethora of powerful computing resources such as desktops, mobile phones, appliances, and sensors. Users will sell information through decentralized data networks without losing ownership, risking privacy, or relying on intermediaries.

b. Trustless and Permissionless

Running on Blockchain or Peer-to-peer networks, Web 3.0 will be trustless (i.e., the participants will be able to interact directly without going through a trusted intermediary) and permissionless (meaning that anyone can participate without authorization from a governing body).

c. Ubiquity

With the evolution of the Web, Internet-connected devices will no longer be limited to computers, smartphones, or tablets. Instead, information and content are more interconnected and ubiquitous, accessible through a variety of devices. Advances in Internet of Things (IoT) technology will pave the way for a lot of new types of smart devices for Web 3.0.

d. Artificial Intelligence and Machine Learning

Web3 development includes the incorporation of AI and Machine Learning, which assist in filtering and providing the best recommendations for each user. Because of such technologies, Web 2’s targeted advertising will be replaced by more relevant results that meet the needs of the users. Furthermore, AI applications in Web3 Development help to eliminate some issues, such as biased product evaluations, rigged ratings, human errors, etc. To be more specific, some large corporations may pay a large sum of money to a group to write excellent reviews of their products or services on feedback websites. This situation has improved in Web 3.0, as AI can learn to distinguish between the genuine and the fraudulent.

Ai and Machine Learning in Web 3.0 assist in filtering and providing the best recommendations for each user.

3. Benefits Of Web 3.0 Development

From the aforementioned features of Web 3.0, it can be said that users can be offered various benefits, and below are some of them:

Easy Data Sharing: With the third generation of Web, instead of filling out multiple online registration forms, all information is now stored in a distributed ledger, allowing you to easily share your data whenever you want.
Greater Privacy: Web 3.0 is the most secure internet model because it is decentralized and distributed, and no one can directly control it. Individual user accounts can be encrypted in private, ensuring that their identities are never replicated. Not only does it safeguard user data but also protects against malicious cyber threats and attacks.
Fewer Middlemen: The decentralization of the web enables providers to connect directly with consumers. It ensures that no centralized authority takes a cut of your profits from electronic transactions.

4. Final Thoughts

Although Web 2 is still in use, we can’t dismiss Web 3, which has the potential to expand decentralization and give people greater control. It is not necessary to spend hours searching for flights, accommodations, and other services in the future since intelligent algorithms or bots will be able to compile all of this information and provide recommendations suited to your specific needs.

Please do not hesitate to contact us if you are looking for Top Web3 Companies to take your first steps or simply require IT consulting. Established in 2015, SotaTek is the largest part of SOTA Holdings, a global Software Development as a Service (SaaS) and IT Consulting Group. Our 700+ employees have experience serving worldwide clients in different sectors, including Logistics, eCommerce, Education, Healthcare, Finance, etc. With the hope to deliver “State-of-the-art Technology” for all businesses and brands, our world-class IT professionals always accumulate knowledge about the latest technologies and platforms. So, why not partner with us and embrace Web 3.0 with open arms?