What is web 3.0? How it's different from web 1.0 and web 2.0?
Web 1.0 which came into being in the 1990s was the
internet’s basic information retrieval system. Web 2.0 and web 3.0 refer to its future forms or iterations.
The commonly used term web refers to World Wide Web. This WWW initial was supposedly one of the first characters written in a browser while carrying out a search for some particular resource online. This term was coined by Tim Berner Lee (the pioneer of the internet) to refer to the universal web of information that was interconnected via hyperlinked texts.
This article is centered around understanding web 3.0, its comparison to the other versions of the web i.e. web 1.0 and web 2.0 as well as the relevance of web 3.0 in the times to come in different contexts.
1. Understanding web 1.0, web 2.0 and web 3.0
a. Web 1.0
Web 1.0 belongs to the very first stage of the evolution of the World Wide Web. In this time, the number of content creators was limited and the consumers
of the content were huge in number. The time span of web 1.0 lasted from around 1991 to 2004 roughly.
Three technologies written by Berner Lee were fundamental to its foundation.
These technologies included HTML, URL, and HTTP.
The static webpages which have almost lost their glory these days were the highlight
of the era of web 1.0. This was an age when people felt fascinated by features like
email and real-time news retrieval etc. Interactive applications were not prevalent at this
time but were introduced later through online banking, trading, etc. and content
creation was in its very early stages.
b. Web 2.0
The term Web 2.0 gained popularity after the first web 2.0 conference was held by Tim O’Reilly and dale Dougherty.
The major features of web 2.0 websites include user-generated
content, interaction, and usability for users. The participative social web is another term used for web 2.0.
Web 2.0 is an advanced version of web 1.0 such that the technical specifications
remain the same but the way web pages are designed and used enhances the experience of the users.
Web 2.0 has made it possible for millions of users to access user-generated content in seconds. This surge in reach has led to a manifold increase in the generation of such content.
Innovations like mobile internet access and social networks have led to the
immense growth of web 2.0. Due to such developments, applications that facilitate user
interactivity such as Facebook, Twitter, Airbnb, Instagram, WhatsApp, Youtube, etc. have
gained unprecedented importance in our lives and grown into multi-million dollar businesses.
Gig economy also experienced a boost because of these applications,
by opening avenues of making money and growing financially to millions of people.
Web 2.0 has definitely caused massive disruption to the industries which have
failed to follow and adapt to this web-based business model.
c. Web 3.0
Web 3.0 refers to the next evolutionary phase of the web and stands for decentralization,
more freedom and utility for the user. It is going to be equally or more disruptive and
bring sweeping changes in the way the world operates just like the introduction of web 2.0 did overtime.
Berners Lee used the term ‘Semantic Web’ in a paper in 2001 and represented his vision
to bring structure to the content of the web pages by enabling the computers to reliably
process the semantic language and carry out many useful tasks for users.
Although web 3.0 doesnot really symbolize this ‘semantic web’ because understanding
human language with all its intricate nuances and layers by a computer is not easy to achieve.
2. Difference between web 1.0, web 2.0 and web 3.0
3. Here are some of the main features of web 3.0
This is the major principle of web 3.0. Since web 2.0 depended on HTTP
(a unique web address) to locate the information, which is placed at a
fixed location, mostly on a single server.
However in web 3.0, users will be able to exercise greater control. Now the data, rather than
being stored in massive databases of companies like Google, Meta etc., will be decentralized.
Owing to the fact, that information will be searched based on the content and can be stored
in multiple locations.
Permissionlessness will be prevalent in web 3.0 as people will need to seek no
permission from any trusted intermediary or a government body. Rather, the
incorporation of blockchain and decentralized peer to peer networks will
allow anyone to interact and participate without anyone’s permission.
c. Machine Learning
In web 3.0, Machine learning will allow computers to produce faster and more relevant search results.
The development of the idea of Semantic web is likely to equip
computers with the ability to process natural language such that
computers will be able to understand language just like humans.
4. Is web 3.0 worth the hype?
Web 3.0 is definitely worth the hype because Web 3.0 is
ushering the world into a new digital era- an era of autonomy,
decentralization and interconnectivity. It removes the dependence
on a so called safe intermediary. It brings the ownership of the data to the user .
It opens avenues of growth by allowing capitalization using 3D visuals, machine
learning and artificial intelligence to produce faster and more accurate results.
Unravel how web 3.0 can revolutionize your business?
5. What role will blockchain play in Web 3.0?
Blockchain can act as the cornerstone of web 3.0. Blockchain maintains
a record of all the transactions in a peer to peer network.
The information is organized in blocks and these bloks come together
to form a chain which is impossible to modify and creates a secur data structure.
All the parties that are involved in a transaction maintain a
proper record and copy of blockchain which helps in creating
a secure and distributed network.
6. How will web 3.0 impact big tech?
Web 3.0 is likely to have a massive impact on the tech models and business of big tech companies.
Big tech companies exercise great power on the world for being highly centralized,
and profit maximizing companies which use the data of people for their vested interests.
Most times, they offer free products to people to use their data and serve them highly targeted ads.
They can perform many centralized and authoritarian tasks like
banning users, sharing their data, overturn transactions etc.
But, with the arrival of web 3.0, tables can be turned.
Web 3.0 paves way for decentralization of power to many
instead of keeping it in the hands of just chosen few.
It can remove middlemen and give people direct access to many things.
It is certainly going to leadto business models where the users of a
platform will enjoy share in the success of the platform and will
have a say while making future decisions.
7. How can businesses get started with web 3.0?
Web 3.0 has the ability to make processes better for many businesses.
The major domains that can benefit from web 3.0 include healthcare,
logistics, finance, manufacturing, gaming, travel etc. Quicker transactions,
efficient processes, automation and smart contracts are few of the many benefits
of levering blockchain technology for businesses.
The way to get started is to get in touch with an expert technology partner
who creates progressive applications using web 3.0 technology and can understand
your business vision. Iotasol has been helping business stay technologically upfront
and stand out among competitors for years now. You can leverage Iotasol’s diverse global
experience if getting started with web 3.0 is on your mind.
Web 3.0 is a new prospect in the technology world. It contains great opportunities for business, specially for the ones in the beginning stage. Now is the right time for businesses to get involved and step up the wagon of web 3.0 for ensuring success in the coming times.
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