Web 3.0

What is Web 3.0?

Web 3.0 is the third generation of the internet; changing the way we consume and store data. To understand Web 3.0, it's import to understand its predecessors.

Web 1.0

 Covers the period up until the early 2000s, where web pages were static and where users had minimal interaction with the content.

 Tim Berners-Lee, the inventor of the internet, refers to Web 1.0 as the “read-only web” – where users could search for information and read it, but do little else.

Web 2.0

Covers the early/mid 2000s up until today; Berners-Lee calls it the “read-write web”. It is community based, where users generate their own content on giant platforms such as Youtube and Instagram, and they can create/interact with the content they view.

 This era of the internet the data is owned by a few Big Tech companies controlling these hubs of activity and relies on user-generated content.

Web 3.0

Web 3.0 is blockchain based. Centralised servers holding information are replaced by blockchain servers stored on multiple computers, meaning that Web 3.0 will have far more storage and processing potential than ever seen before.

This information decentralisation means that the data stored in Web 3.0 will have no single point of authority, making it more secure, and harder to hack. It is the democratisation of the internet - more open-source and less reliant on Big Tech companies.

Web
Large Organisations (Portals)
People & SME’s
Computers
1.0
Can produce content
Can consume content
2.0
Can produce and consume content
Can produce and consume content
3.0
Can produce and consume content
Can produce and consume content
Can produce and consume content

Web 2.0 is the "read-write web"

Web 3.0 is the “read-write-execute web”

Web 3.0 processes information in a way that focuses on intelligent information accessibility. It can provide context to data, understand what is relevant, use this to communicate with software applications, and finally interpret this information to humans.

In a Web 3.0 era, search engines can understand and contextualize information for other apps and the user, instead of merely searching on a word-by-word basis.

Pioneers of Web 3.0

Bringing the next generation of storage power