Web 3.0
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Web 3.0 is the successor to Web 2.0, which was the successor to Web 1.0!
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Web 1.0: "Read Only Web" (1989 to ~2005)
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Static Web Pages
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No user interaction
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Web 2.0: "Read-Write Web" (~2005 to Present)
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Interactive
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Global sharing of information
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Information largely privatized and monopolized: Google, Facebook, YouTube, etc.
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Web 3.0: "Executable Web" (Timeframe: Under Development!)
- The world has not yet agreed on a single definition, However, clear front runners in the emergent space are making their mark on the world.
- The following are some of the definitions and players of Web-Next, most commonly referred to as Web 3.0!
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Protocol Labs: "The internet is humanity’s superpower. We’re making it more dependable, equitable, and secure. And we’re steering it toward a decentralized model."
- The Internet of Value
The value exchange takes place with no intermediaries: no banks, no credit card companies, no 3rd parties; the exchanges have instant finality, just like the current internet of Information based exchange.
- Value exchanged at the rate at which Information is currently exchanged
- "Value" can refer to almost any asset: stocks, music, intellectual property, votes, frequent flyer points...the list is almost endless!
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Semantic Web
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Meaningful connections between pieces of data
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Data, Meta-data and relationships described in terms that machines can "understand"
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Machine Learning and Natural Language Processing applied to reason over data and produce insights in an automated fashion
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Privacy preserving and Decentralized Web
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A decentralized and fair web/internet where transactions, applications and data are verifiable and secure
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In this web/internet, users control their own data via Self sovereign Identity (SSI) -
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