Web 3.0: The Future’s Decentralized Internet

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Few technologies have come close to matching the ease and importance that the internet provides to billions of people around the world on a daily basis.

In its early days, the internet was characterised by static HTML pages and Internet Relay Chats, which were similar to electronic text walls with little interactivity. Today, we have diverse social media platforms and immersive apps that have changed the landscape dramatically.

Web 2.0 vs. Web 3.0

Despite the fact that the new edition of the internet (Web 2.0) has over half of the world’s population as active users, it is subject to authoritarian regulation, intense censorship, and exploitative advertisement by multinational corporations.

Web 3.0 is the latest version of this technology, and it aims to restore Sir Tim Berners-original Lee’s vision of a free, trustless, and permissionless network. Let’s take a quick peek at the internet’s past and grasp the basis for a new Web 3.0.

Evolution of The Internet: A Brief History

Web 1.o

Web 1.0 was initially nothing more than a private network of wired computers exchanging information. Early internet users had to request permission to link or be online. However, Berners-Lee, the founder of the World Wide Web, soon discovered that realising the internet’s full potential would require a network that everyone could use.

Web 2.0

This marked the beginning of the Web 2.0 era. Browsers that enabled users to visit various pages, such as Netscape and AltaVista, arose as creative and interactive technologies. Instead of dull static HTML files, anybody could suddenly create immersive websites with any content they wanted to upload. As speeds, servers, and developer capabilities advanced, new forms of web apps emerged, such as the social media and video game streaming platforms that we are all used to.

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Despite Web 2.0’s remarkable success, Berners-concept Lee’s of a “Semantic Web,” in which content is intelligently conveyed to the user by machine learning and artificial intelligence, has yet to be achieved. Web 3.0 is the proposed next internet version in which centralised corporate companies do not own records. Instead, all consumers have equitable and equitable access to context-based customised content.

Building Blocks of Web 3.0

The transition to Web 3.0 represents a step towards an internet in which data is customised and interpreted conceptually and contextually by computers. It is also a step towards a more egalitarian internet experience, in which apps allow individual users rightful ownership of their data, reclaiming power from centralised institutions. Blockchain, the Internet of Things, Edge Computing, Artificial Intelligence, and Machine Learning can all be used as building blocks to accelerate this transition.

Artificial Intelligence and Machine Learning

Artificial intelligence (AI) is a subfield of computer science that aims to develop computer systems that can make logical and autonomous decisions. Present machine learning standards and artificial intelligence (AI) are now proving to be efficient and capable of performing complex tasks. AI will assist computers with properly understanding the needs of the customer in order to provide customised services.

Significant progress has been made in developing intelligent systems capable of thriving in a Web 3.0 world. Search results tailored to a user’s tastes based on recent queries, tips, and general browsing background are a few examples. AI would also allow semantic search engines to distinguish between keywords based on context. For example, when ‘Jaguar’ refers to the car brand and when it refers to the animal.

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Aside from intelligent search results, AI will allow internet applications to be platform agnostic, which means they will be able to run on a variety of hardware and apps. Different servers can communicate with AI to determine which version of an application is the most user-friendly or efficient for each designated platform. As a result, consumers will be able to enjoy personalised apps based on their platform and geographical area.

Decentralized Storage Technologies

With the advent of Blockchain and other distributed ledger technology, a basis for a decentralised, open, and trustless Web 3.0 will be created. Blockchain, for example, can play an important role in granting users control of their records. Censorship, censorship, and centralisation will become obsolete when legacy data centres are replaced by IoT and Edge Computing (a computing methodology where data is stored locally).

Interested to learn more about Decentralized Technologies? Read

What are DApps

As data storage becomes more affordable, the combined capacity of interconnected devices via IoT in the form of phones, appliances, and computers can give centralised servers a run for their money. Instead of paying to view the data via a centralised programme, consumers can barter and exchange their data in a peer-to-peer network without losing control, resulting in the emergence of an evolving digital economy.

Challenges to a Web 3.0

A fully intellectual and semantically capable internet will need a machine to read and comprehend every single word in existence. It will also have to resolve the ambiguity and inconsistency that affect all languages. Also with today’s most sophisticated AIs, this seems to be an impossible challenge. Furthermore, there is a lot of facts or evidence out there that is intentionally false or inaccurate. The machine must be able to detect and sort out these instances. Teaching a computer to learn what is and isn’t true would be especially challenging given that we often disagree about what constitutes a simple reality.

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What The Future Holds for Web 3.0

Web 3.0 is built on AI-driven services, decentralised data structures, and an Edge Computing platform. With the introduction of blockchain technologies, artificial learning, and IoT, the future is poised to accept an internet through which computers communicate and exchange data without the intervention of a third party. Web 3.0 would eventually result in a more equitable internet. Users will not only receive personalised information, but they will also regain ownership of their records. This would most certainly lead us away from the exploitative internet of today, which is dominated by concentrated profit-seeking institutions. Though there will be many challenges ahead, and it will take some time to make significant improvements, it is inspiring to know that many experts are working towards this aim.

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