The new buzzword which often falls into our ears and eyes frequently these days is Web 3.0. The world of the internet is changing very fast with updates in already available tech specs and the introduction of new elements which not only bring exciting opportunities for businesses but also make user experiences better. So is Web 3.0 and the Metaverse, bringing a whole new world of third-generation web applications and web services to humanity. In the past, the realization that data-driven decisions make processes more effective decision making has laid down the ground for Big Data and its utilization. Going one step further Web 3.0 is taking shape and the goal is to make a more intelligent and connected web space that is built on the foundation of an exhaustive data-driven and semantic web. Web3.0 has not yet been implemented, however, it holds tremendous opportunities. Even in its nascent stage Web 3.0 holds the keys to a breakthrough transformation of the web. This article’s a small attempt to briefly describe Web3.0 to our readers and highlight the scope of the new technology.
Web3.0 is not yet actualized. It is in the process of getting built and integrated one step at a time. Internet technologies came into existence by coupling local computers and subsequently the journey of the web to Web 1.0 and then to web 2.0 which is currently in existence. It took decades to implement these developments. The development of Web3.0 is taking place through the integration of data available, intelligent machines, and the web. Even though it going to be ubiquitous currently a simple example of a small part of this can be IoT which integrates smart homes with home appliances and the cloud. The horizon to which web 3.0 can evolve can be limitless and only time will help us realize this vast space to which the reach can expand.
Retrospectively when we look at the progress from the web to web 3.0, it has been a very progressive step. There was a time when computers used to take up a lot of space, in today´s world teenagers carry smartphones which have more computing capacities than 10 computers in the early stage of computing. In Web 1.0 static websites were created and connected to the internet and humans read the information by browsing them on a screen. Web 2.0 brought in the opportunities for dynamic supply and processing of information by coordinating between clients and building a more intuitive web. Web 3.0 aims to address both how sites are built and how they are going to the used by humans as well as by machines. Web3.0 is going to be smarter and more intelligent.
Properties of Web3.0
Pros and Cons of Web3.0
Similar to any new technology, Web 3.0 also has its benefits and shortcomings which we think, must be addressed. Let’s look at the benefits first
Constraints of Web 3.0
As the development of web 3.0 is at a very nascent stage, it is growing at a very fast rate. The scope and opportunities associated with it have caught the imagination of the new generation of web developers and programmers, however, it also poses some challenges to the technology community. Let’s take a look at them
Having enumerated both the pros and cons of web3.0, even though the cons may baffle the general public, according to our understanding the benefits of web3.0 is going to be tremendous and well-planned development, implementation, addressing the privacy aspects, etc can bring a new milestone in the history of use of internet and technology and humanity. Whenever a new technology is launched it’s quite evident that it is used for the good and sometimes used as loopholes as well. It takes time for society to understand and accept the reality and take measures so that it can be advantageous for everyone. The whole thing will need the participation of the technology community, governmental agencies, private players, and corporate entities to work coherently to work in this aspect and build something which enhances human capacities as well as prepares the stage for the next positive disruption.
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