Web3 or Web 3.0 is an upcoming, general, evolution of the internet as we know it. In the new digital world, blockchain technology and decentralization will become one with all things internet.
Web 3.0 is the new generation of internet services that utilize advanced machine-based learning and artificial intelligence to connect web-based applications together and form a more personalized web.
Web 3.0 is collectively designed to offer users more user-tailored content at a much faster rate than ever before. The new web will utilize AI-powered search algorithms, virtual reality (VR), augmented reality (AR) and enhanced data analytics to make this possible.
The idea of Web 3.0 was first introduced by Tim Berners-Lee, the inventor of the World Wide Web, where he discussed the concept of the then-called Semantic Web.
According to Berners-Lee, the Semantic Web should be capable of processing and analyzing every data available on the Web, including all content, links and exchange of information from people and their computers.
He further added that this can greatly help in enabling machines to complement our daily activities.
Once Web 3.0 is fully in place, it is expected to make a huge wealth of information accessible to a variety of applications and websites online, enabling these systems to understand the data they gather from the activity of internet users.
Note that tech giants like Google and Facebook will no longer be able to control or access user data in this era. Therefore, data privacy laws can no longer be violated by them in a similar manner.
Web 3.0 is expected to push forth the boundaries of peer-to-peer exchange of information by taking advantage of technologies like blockchain, Internet of Things (IoT) and open-source software, among others.
A version of this article was first published here