What is Web 3.0?

Web 3.0

The term Web 3.0 has been floating around the internet and was originally coined by Tim Berners-Lee in 2004. But what exactly does it mean? Web 3.0 is an umbrella term that covers all of the new technologies, protocols. And practices that have arisen since the creation of the original World Wide Web in 1989-90. These new technologies include cloud computing, the internet of things (IoT), augmented reality (AR), virtual reality (VR), bitcoin, ethereum, blockchain, and many others.

Definition of Web 3.0

Web 3.0 is a term used to describe an evolution of web-based technology. That includes search, social media, and other common features found on most websites today. The core idea behind Web 3.0 suggests that sites are moving beyond static content and user interaction will become increasingly more important in providing increased functionality and information access on any device at any time of day or night. 

Rather than simply accessing data through a computer’s browser, Web 3.0 allows users to be constantly connected without worrying about where they happen to be physically located while still taking advantage of web resources. No longer bound by keyboards and monitors, Web 3.0 allows anyone with Internet access using mobile devices such as smartphones or tablets instant Internet connection anywhere there is a wireless signal available.

Current Working Technology for Web 3.0

While web 1.0, 2.0, and now Web3 is all about centralized information and data being controlled by a few giants like Google, Facebook, Twitter, and Microsoft who maintain their own servers that store information from their users, decentralization could change all of that. 

There will be no more middlemen. We’ll soon see how big companies control our identity, what we share with them or what they share with us, who owns our data, and how much we pay for it. It may seem far-fetched but decentralized web technology is already here and changes are coming sooner than you think! A new era in internet technology has arrived. 

And it’s quite exciting! Welcome to Web3. The World Wide Web has been around since 1991 when Sir Tim Berners-Lee invented HTML (Hypertext Markup Language), URL (Uniform Resource Locator), and HTTP (Hypertext Transfer Protocol). Since then, developers have created numerous sites that utilize these protocols to allow users to navigate around and post on different web pages across millions of different domains.

The Future Of Web 3.0 Technology

Blockchain and AI are Top Web 3.0 Technology Trends in 2018 Blockchain technology has been making waves for some time now, and not just because of Bitcoin. 

The distributed ledger technology (DLT) that underpins blockchain allows for information to be shared without central control, which means it’s a lot more efficient than centralized alternatives like Amazon Web Services or Microsoft Azure; in fact, it’s potentially as disruptive as TCP/IP. So what exactly is blockchain technology, and how can we use it today? How about AI? Where does artificial intelligence fit into our lives? What types of AI do exist, and what kinds might be created in years to come?

This post will take a look at Web 3.0 technology trends – namely, artificial intelligence – that are transforming everyday life: from shopping online to communicating on social media. There’s no doubt machine learning and artificial intelligence have dramatically changed things since their inception—and they’re set to continue doing so in 2018. So much so, in fact, that they could soon completely transform our society.

Benefits Of Web 3.0 Technology

  1. New technological tools for businesses and entrepreneurs to develop innovative ways of reaching their market and serving customers. 
  2. New methods for teaching people how to use technology in new ways, thus opening doors to help solve human problems, such as aiding people with disabilities or allowing students to learn from remote locations. 
  3. A shift away from communication technologies that focus on broadcasting information toward a revolution of collaborative knowledge sharing. 
  4. A greater degree of transparency and accountability allows individuals to be more informed than ever before about various forms of political, corporate, and religious activity across national borders. 
  5. An increase in collaboration through networks that allow people who have never met nor even heard each other’s names to suddenly connect over a common interest—and potentially taking action through social media websites like Facebook and Twitter. 
  6. The opportunity for innovators around the world to access cutting-edge software and hardware; mobile device development can accelerate so that everyone has equal access to state-of-the-art technology. 
  7. The chance for unlimited numbers of micro-businesses (small individualized services) created by anyone anywhere that could easily plug into any existing online marketplace. 
  8. Worldwide access to opportunities previously limited by physical location. 
  9. Rapidly advancing cloud technology will allow companies to store valuable data remotely in real-time without putting it at risk of theft or damage by natural disasters. 
  10. Most importantly, Web 3.0 empowers humans all over the globe to better understand one another and work together to create a better world for generations to come.

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