What is Web 3.0?

To understand what Web 3.0 is, we must understand how it all started. Initially, when the Internet came into existence, all we knew was basic websites, e-mails, etc. As the internet evolved with Web 2.0, we were able to create better websites, have social media platforms, interact with each other more effectively, and share files and data. The world we are currently living in right now is a balance between Web 2.0 and Web 3.0.

It is why it is important to know and understand what Web 3.0 is, as it is the future of the Internet. Imagine a world of the Internet surrounded by IoT(Internet of Things) devices. Now you can input the data on the internet and through these devices, by typing, voice, or through any other media format. With Web 3.0, the internet is not only providing the results for what you have searched for, but it also tries to understand what you want.

Web 3.0 is the world of the Internet which would also include the power of Artificial Intelligence (AI), Virtual Intelligence (VI), and Augmented Reality (AR). With Web 3.0, the content you will browse through will be tailored made for you and will keep in mind your preferences and choices. Although there are many apps that have already been developed on the Web 3.0 platform, the web infrastructure is still upgrading to make full use of it.

Evolution of the Web Era

When it comes to the internet, it started with Web 1.0 in 1989. At that time, the experience with the internet was static and only offered limited information with least or no user interaction. It was basically a one-way lane where the directories were used to provide the information. Although it was not much, it was the start of a more reliable internet at that time.

Then came Web 2.0, which started in 2005 and is still running on our devices. It not only provides a way for new programming languages like Java, HTML, etc but also carved a way for social media websites like Facebook, Youtube, and more. Now through these social networks, data sharing became a lot faster and it could easily be distributed to other users through these platforms and apps.

Then there is Web 3.0, which has not yet come to this world, but the process has already started. Big companies like Meta are now working on Metaverse concepts which would be a giant leap into the world of technology. It will not only bring human-like intelligence through AI-powered devices and programs but also automatically interface with devices and people. it would further lead to the intelligent creation of content for users.

What Is it actually?

In simple terms, Web 3.0 is actually a new generation of the internet, where your information would be processed with better technology, and the apps, websites, and other platforms will be able to understand your requirements just like an AI, which has human-like smartness. Web 3.0 also includes Blockchain technology, therefore, the users can expect the decentralized way of data handling to appear in the coming years. It will make sure the data does not remain stored in centralized repositories which leads to data thefts and many other similar issues related to data privacy. Web 3.0 will allow the machine to interact with the users to understand the information from the user more accurately. It is why Artificial Intelligence has a huge role in Web 3.0.

Role Of CryptoCurrency and Blockchain

Blockchain will have a major role to play in Web 3.0 and it is important to understand why. Since Web 3.0 will be the new generation of the internet where the internet itself tries to interpret the information of the user in a broader way, it is understandable that the user will have a better digital identity as well. Meta is one such example, which is trying to set up a Metaverse where human beings can do their day-to-day activity with their Digital avatar, in a similar way they could have done it physically. Since users will be spending more time on the internet, it will lead to more and more data generation.

Therefore, that huge amount of data will be managed by Blockchain decentralized technology, which does not give the users data control into the hands of a single company, leading to issues of data privacy. Also, Blockchain and CryptoCurrency will help create a Digital Wallet for the users where they could store their Virtual currency, make payments virtually and buy products as well. It is very similar to setting up a digital economy where Digital Wallets are like your account and could be used to make the transaction using virtual money. Blockchain technology will also integrate into Web 3.0 with smart contracts and power the financial transaction of companies. It will change the way companies operate.

Effect on Business and Companies

Web 3.0 will not only provide an upgrade to users’ life but will also change the way the companies operate. With the integration of the Web 3.0 decentralized platform, the overall operations will be more efficient and the way the companies process financial transactions will also change. Web 3.0 will bring blockchain technology and wallets which makes transactions through the world at ease. Also, it would allow the companies to interact with the customers in a better way. Since Web 3.0 integrates and connects the users with devices, the companies can understand the requirements of the users in real-time. It will help them in understanding the needs of the users and what kind of features they want. It will help companies build customer-centric products which will be based on direct customer feedback. Apart from this, many other internal operations of the company can also be operated effectively on the decentralized platform.

Key Features

With the introduction of Web 3.0, it is understood that new features will also come into action. With Web 3.0 there are a few important features that will bring about a major change in the World of the Internet. There are four major features that will highly affect working on Web 3.0 as we know it.

Ubiquity

It is the first major feature that will make Web 3.0 available everywhere, at the same time. For now, when we share our images and details on social media platforms, they can be accessed and seen by users anytime by simply visiting the social media website. In Web 3.0, the internet becomes accessible to everyone at any time and everywhere. In the future, it will not be the computer, laptops, or smartphones, but a new range of devices will be introduced for Web 3.0 which will be connected all the time

Semantic

Semantic is basically described as the study of words and it is what helps the computers to analyze the data that is entered by the user. With the coming of Web 3.0, we expect a lot of data to be generated which will be used to run business and other things on the internet. The new technology will not only understand the words entered by the user but will also study the behavior pattern of the users with things like transactions, link sharing, etc. using these details and words used by the user, different meanings and emotions will be translated by the computer programs. It will help the machine to understand human emotions based on the study of words and will enhance the experience of users on the internet.

Artificial Intelligence

It is one of the biggest features of Web 3.0, which will enhance the overall experience of the users on the internet. With the advancement of AI, the world of the internet will be able to understand each and every input from the user and decipher its meaning and emotions conveyed through it. For now, the response from a computer program is hum-driven, which means that it is programmed by human beings to do a certain action at a particular time. However, with AI, the program will customize itself as per the user and will provide a solution that is tailored to them. AI technology will be able to differentiate between data on the internet, like fake and genuine reviews, unreliable and reliable information. With the integration and advancement of data, users will be able to get unbiased and correct data.

Advance Graphics and Spatial Web

With Web 3.0, we will definitely be able to see the enhancements in graphics and visual UI. Since Web 3.0 continues to make the Metaverse even better, we will be able to see the integration of Digital and Real World with stunning UI to give it a real-life look. The improvements will make everything much more intuitive and immersive. The changes will not only take place in the gaming segment, but also for Meta apps and other decentralized apps for real estate, e-commerce, finance, and a lot more.

Different ways of entering data and Virtual Assistant

Until Web 2.0, the only way of entering the data in the devices was by typing, however, with the introduction of Web 3.0, more and more ways of entering the data came into existence. With more and more emphasis on IOT and devices which support Web 3.0 applications, voice commands or Virtual Assistants came into existence. These technologies are still in the early phase of development, but with their present experience, we already know what they are capable of. Some of such Web 3.0 app examples are Siri, Alexa, and Google Voice Assistant.

The voice-activated virtual assistant has grown more and more intelligent. It initially started from recognizing just a few commands in a particular language, and now it supports hundreds of languages and can easily interpret what the user is saying. Be it knowing about the weather, booking an appointment, making a grocery list, or a budget list, you can do almost everything with it. In the coming days, it is expected that with the full integration of Web 3.0, these voice-enabled assistants will be able to just the emotions of the user directly through the tone of their voice and will be able to provide results based on it. For example, a user is feeling low and asks the voice assistant to play some music. Based on their tone, it can recommend the user for taking an activity which would make them more joyful.

Conclusion

We definitely know that Web 3.0 is going to enhance our interaction with the world of the internet and will bring every information we want in a blink. There are going to be a lot of benefits with Web 3.0 like AI assistance that will work with near-human intelligence, decentralized apps, environment, and a lot more. The new era will also provide the users with more control over their data and how it will be used to create a richer internet experience. The new age is all about the integration of the internet with our daily lives, where everything we do is integrated digitally.

A time when all your devices will be interconnected and will not be bound by physical restraints anymore. There are still some apps on the market which are trying to use the virtual and metaverse elements, to give a glimpse of what the users can expect in the future. However, for Web 3.0 to fully develop, more and more devices that support it, need to be manufactured. Also, more and more companies need to focus on moving to this platform. Since companies like Microsoft, Facebook, Apple, and more are already working on making Web 3.0 come sooner, we can expect it to make dramatic changes in our lives in the coming future.

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