What is Web 3.0? And How Actually It Works?

What is Web 3.0? And How Actually It Works?

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What is Web 3.0? And How Actually It Works?

Web 3.0 comes with a fresh breath of air into the web ecosystem as it puts speed, convenience, choice, and customization at the forefront of it.

This is still the most contentious topic of discussion among technology professionals and executives. Web 3.0 comes in two dimensions: the concepts and the technology.

On the conceptual level, 3.0 could loosely be described as the fusion of web applications, software, and services together. This could take the form of a proliferation of unique platforms, whether they be mobile, social, or even new forms of web browsers.

On the technological side, 3.0 means software that is interoperable, data stores that are scalable, and developer tools that facilitate the rapid development of apps.

Web 3.0 will also have an impact on how we view the internet and what it is for.

We’re moving towards a ‘smart web’ where devices are the focus, and our mobile phones will become our daily portal to information and services.

The big impact here is the pervasive data collecting capabilities now associated with the devices.

The term Web 3.0 is most commonly associated with the field of augmented reality, which overlays the physical world with information and data. For example, it could provide an overlay to a movie or a new interface to a social network.

This overlaying of the physical and digital worlds is fundamental to the evolution of the web and its success in the future.

We’re taking a multi-dimensional approach to the web in order to make it an extension of our lives and create a more immersive experience for our users.

It’s becoming clear that the real value of the web isn’t in the actual technology but in the experience. When a company integrates the best technologies into the experience –

whether that’s the Android platform for its phones or social networking – they can capture the attention of users, and lead to user retention.


The main key factors of Web 3.0.

1. Incorporation of Blockchain and potentially a Smart Contract, which could make all the users their own shareholders.
2. Authentication to give every user the same level of control.
3. Zero transaction fees, eliminating the need for intermediaries.
4. An end to the centralization of all computing and the move to decentralization.

Benefits of Web 3.0.

1) Build your own platform

Some of the things that are possible when we push the web forward are incredible – we’re already seeing it in a big way with smartphones and apps.

Your own platform can become a place where your own ideas live. You can build an online community that does more than just exchange ideas and communication.

Perhaps you’d run a community banking platform for financial-minded investors, or a customized recipe management system for small food producers. Maybe it’s a simple wiki where individuals can share ideas and maps.

Perhaps it’s a digital asset management platform for artists to share their work or an image-sharing platform for graphic designers. It’s a new layer of creativity and services that can run on top of the web.

2) Build applications that don’t exist today

Apps are built on the web today, and while there is still a lot of innovation happening in apps – it’s nowhere near enough to fill the gap. App developers are limited by the languages, frameworks, and APIs that exist today.

The web 3.0 revolution will break down that barrier, allowing the freedom to build the applications and experiences that consumers have come to expect and love, but you don’t have to be an expert in this area to create your own.

3) Own your own services

You could create an API that lets your application and its users subscribe to certain content – sports scores, weather forecasts, news feeds, historical information, content from YouTube, etc.

Services like Google Docs are starting to make it possible to do this. A form of API service that will make the world around us a lot more vibrant, engaging and interesting.

4) Build apps that help each other

Mobile apps are great for getting people where they want to be, but what if you could make that happen a lot faster? Or maybe you could fix a flaw in your own app so that another one can run smoothly?

Maybe you could build content storage and delivery platform so that other apps can share data without needing to waste too much time uploading files to their servers.

It’s exciting times ahead – and web 3.0 is the foundation on which we’ll build this kind of app and service-based solution.

5) For Tacking government data

What if the government could publish data in a way that everyone could access and use? What if the government could publish useful data about us so that we could control our own personal information.

These services don’t exist today – and web 3.0 is the perfect framework for these ideas.

6) The rise of the IoT (Internet Of Things)

In the future, as the power of the web grows, devices like wearable fitness monitors, smartwatches, smart cars, smart homes, and the IoT will become more prevalent.

These devices will gather a massive amount of information about our lives and create a new layer of interaction between people and the devices around them.

We’re beginning to see this with Google Glass, for example. Everything you do is recorded and is accessible to the world – a frightening thought if you’re not comfortable with this idea.


Must Read:

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