"Web 3.0" The Future of the Internet

With the rise of Web 3.0, Organizations have an extraordinary chance to benefit from the most recent innovative headways and develop. By understanding how Web 3.0 functions and how it tends to be utilized to further develop business processes, Organizations can remain on top of things and contend with worldwide players. We should look into how Web 3.0 can help organizations and business visionaries, and some of the key areas where they can achieve success.

What is Web 3.0?

Web 3.0 represents the next generation of the internet, which aims to shift power from large corporations to individual users. Its focus is on decentralization, transparency, and security. As for the stats, each month more than 18k active developers commit code in open-source crypto and Web 3.0 applications.

Web 3.0’s ambitious goal is not only to interpret what you input but actually understand what you’re conveying and provide you with personalized recommendations by leveraging the power of artificial intelligence (AI) and machine learning (ML).

History of the web

Tim Berners-Lee, a British scientist, invented the World Wide Web (WWW) in 1989 while working at CERN. The Web was originally conceived and developed to meet the demand for automated information-sharing between scientists in universities and institutes around the world.

Web 1.0 is a term used to describe the earliest versions of websites. The Domain Name System (DNS) didn't exist and users visited websites via their IP addresses. For example, instead of typing in techtarget.com in the URL bar, you had to enter 206.19.49.102. Websites were simple displays of text, images and links. Users couldn't edit the data, and it was non-interactive. Web 1.0 was characterized by simple HTML designs to display text and images.

The Web 2.0 era began around the start of the 21st century. The hallmark of Web 2.0 is interactivity. Pages were no longer static but dynamically generated for the user. The pages were larger and more complex as broadband expanded its reach. Streaming music and video became increasingly common.

With Web 2.0 came the advent of user-generated content. It began with forerunners to virtual entertainment, like GeoCities, before Myspace, Facebook, Twitter and Instagram took off. Web 2.0 permitted extensively more client information and commitment through online journals, tweets and virtual entertainment organizations.

The meaning of Web 3.0 is gradually coming into focus. First off, Web 3.0 expects to be completely decentralized, placing content creation in the possession of the makers and not stage proprietors. In numerous ways, this is the very thing Tim Berners-Lee initially imagined when he made the web.

How does web 3.0 benefit businesses?

There are many ways in which Web 3.0 can benefit businesses. Let’s take a look at some of the key areas where businesses can capitalize on the new technology:

• Decentralized
• Autonomous
• Permissionless
• Anti-Censorship
• Anti-Fraud
• Secure
• Web 3