The current Internet is based on HTTP (Hypertext Transfer Protocol), which makes it possible for anyone with an Internet connection to read and perform simple tasks online without any advanced skills or knowledge.
The volume of information now exchanged has grown over time but this has not resulted in more empowering experiences for users.
In this post, we will be discussing what is web 3.0 and why it matters in the new generation
What is Web 3.0?
Web 3.0 describes the third stage of Internet development. It is built on blockchain technology, smart contracts, and decentralized applications (dApps).
Web 1.0 was the first generation of the Internet; it had a single, centralized authority that controlled all data creation and distribution from its servers.
Web 2.0 was the second generation of the Internet; it allowed users to create their own content and publish it on websites like Facebook or MySpace by using HTML5 technology, the same language used today in most websites to create dynamic webpages with pictures, videos, or text embedded within them that could be viewed by anyone who has access through their browser window (if you’re interested in learning more about how HTML5 works check out these free courses on Udemy).
Web 3.0 is built on blockchain technology which allows for secure transactions between parties without relying on trusted third parties like banks or governments because they require no intermediaries between two parties wanting something done such as buying something online while paying only once instead having multiple payments made each time one wants something else done.
Why Does Web3 Matter
Semantics and Intelligent Content Processing
Semantics and intelligent content processing are key to web 3.0, which will be focused on semantics and intelligent content processing. Semantic search is the ability to understand the meaning of words in a sentence, while intelligent content processing is the ability to understand the meaning of words in a sentence.
The goal of Web 3.0 is for users’ attention to be directed towards their goals rather than what they want to read or see at any given moment and this requires that we rethink our relationship with the information itself (think about how much time you spend staring at your phone versus how much time you spend reading books).
Now let’s take voice assistants for example,
As voice assistants become more popular, they are being used by people at all levels of society. Voice assistants are now part of our daily lives and will only continue to grow.
Voice assistants use machine learning technology that allows them to learn from human interactions with the devices. They use Natural Language Processing (NLP) for this purpose, which means that the machine can understand what you say even when it doesn’t have a clear command or statement in mind yet.
In addition, semantic search has also been incorporated into these devices so users can find information using keywords rather than having specific queries typed out explicitly, this cuts down on typing time while still giving users access to exactly what is needed.
Another major driver is the increasing sophistication of machine learning AI that makes semantic search possible in a way that it wasn’t before.
Machine learning is a type of artificial intelligence that allows computers to learn and improve their performance without being explicitly programmed.
The main difference between machine learning and traditional programming is that machine learning does not require a programmer to tell the computer what to do instead, it learns by analyzing large amounts of data about how things work or what happened in the past such as when you search for something.
It’s also important to note that while web 3 technologies are still in their infancy stage today, they’re already having an impact on our lives.
Web3 Allows For The Creation of Decentralized Networks
Blockchain is a distributed ledger that records transactions. The blockchain allows for the execution of transactions without needing to rely on a trusted third party. This means that no one person or entity controls your information and it cannot be tampered with in any way, which makes it an ideal tool for protecting data integrity.
Blockchain technology also allows for the creation of decentralized networks where multiple parties can share information with each other without having to worry about how their personal details will be used by others who may have access to them (e.g., if someone sends you money). This gives users extra security when sharing sensitive information online you’ll know exactly who has access at any time.
- One company that has already created a product based on these principles is StreamR, which builds real-time infrastructure for streaming data on its blockchain platform, creating a decentralized data marketplace where anyone can buy or sell tokens associated with data streams.
Streamr’s goal is to make it easy for people to monetize their own streams and make money by selling their streaming data. They do this by using the Ethereum blockchain as an open marketplace where anyone can list their stream and set price points per second (called “tokens”).
The platform also allows users to connect with other traders via smart contracts so they can exchange tokens directly without having any middlemen involved like exchanges do today.
- Origo Network is another company already in play that allows users to verify their digital data with zero-knowledge proofs on its blockchain platform, securing their personal data as well as making it more valuable for marketers who can learn what kinds of things they may be interested in buying.
Origo uses zero-knowledge proofs to secure personal data. This means that while you’re sharing your information with someone else, you don’t have to give them any information about yourself they can’t easily find out anything about you without knowing how they got access and why they’re getting it (i.e., “I am doing research on…“).
The same applies when verifying someone’s identity; once again there’s no need for them to know anything about the person verifying their identity or any details associated with it (such as age).
This makes Origo extremely valuable for companies because if they want access beyond just browsing sites from within browsers like Chrome or Firefox then this technology helps ensure that only legitimate users get approved by checking tokens against known profiles within blockchains themselves rather than relying solely upon traditional methods like passwords alone.
Web 3.0 Brings Together Many Powerful Technologies
Web 3.0 is the next generation of the Internet, bringing together many powerful technologies such as AI and blockchain to enable new applications that will make life easier, safer, and more enjoyable for everyone who uses them.
Web 3.0 is a combination of existing web technologies with new concepts that have been developed over the past 20 years by companies like Google, Facebook, and Amazon. It includes:
- Blockchain – This enables anyone to manage their own data without having to go through a central authority like banks or governments (a feature called “decentralization”).
- Blockchain technology also makes it possible for people to share information without having to trust each other because they can check each others’ digital records against what they record themselves
Takeaway
You can see that these technologies are not just about the web. They have the potential to transform our lives in many ways and will make it easier for every person on Earth to benefit from them.
Web 3.0 is a major step forward for humanity as we move into an era of increased prosperity, safety, and freedom.