What is Web 3.0?

10 November 2021| Post by Szymon3 minutes

AuthorSzymon

What would we do without the internet?

In a time during a global pandemic, many of us have turned to the internet for either comfort, socialising, or for a sense of normality. I don’t know about you, but I was definitely one of those people to buy Animal Crossing on my Nintendo Switch just to virtually hang out with friends who I missed. The internet plays a crucial part in our lives. If not just to connect us, it controls our money through banking apps, it controls our work – especially with the new WFH adjustment.

And you’ve all seen it – what happens when Whatsapp or Facebook goes down for only a few hours. People turn to Twitter in hysterics, #FacebookDown starts trending. Chaos ensues. Our dependance on the web has grown immensely in such a short amount of time, so it’s no shock that the web itself has been forced to evolve with the times.

In a way, it was always expected. The very inventor of the web, Tim Berners-Lee, predicted that the internet would eventually become more ‘autonomous’. Now we’re dealing with the new version, Web 3.0, otherwise known as the Semantic Web or the Decentralised Web.

What is Web 3.0?

It’s the most hip version of web on the streets right now. Web 3.0 connects data in a decentralised way, allowing computers to interpret data and info as intelligently as humans. Here, AI gains a very important role in making the internet more powerful in terms of its ability to process information.

Web 3.0 will cryptographically connect data from individuals, businesses and machines with efficient machine learning. Although it’s AI, Fabric Ventures call this a very ‘human centric’ approach. Which, to be fair, it is. It’s improving the user experience. Cutting out the fee-charging middleman allows you to go straight to a person or machine. Web 3.0 allows for more seamless payments and trusted data transfers. With less people involved in transfers, the whole process becomes a more secure and private one. So, indeed, this AI piece of web DOES have people’s best interests at heart.

Tim Berners-Lee, inventor of the web, says that for Web 3.0, ‘ […] there is no central controlling node […] [no] central authority […] and no ‘kill switch’.

No kill switch. Doesn’t this make you a bit nervous? Maybe we’ve just watched too many sci-fi films… 😬

But what does this mean for us web users?

Ultimately, this new version of the web (Web 3.0) endeavours to deliver significantly smarter user experiences for us all. Which is wholly a good thing, right? (As long as AI isn’t cause for our extinction.) It is driven by the heavy usage of smartphones and cloud applications and the idea is to make sure that users can access as much data as possible from anywhere, not just their home. The evolution of the web is the move to being able to access data from anywhere.

Web 3.0 is creating a more personalised experience for us all. Websites will be able to automatically customise themselves to best fit which device we’re visiting from. Location and any accessibility requirements we may have and web apps will become more tailored to our usage habits. However, less advanced devices will not be able to handle Web 3.0. So keep that in mind.

Overall, this is a great thing for the web. It’s really taking the time to get to know us, huh? Making our lives that little bit easier.

We wonder what Web 4.0 will look like. 🤔

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