Web 3 and Web 3.0 as future web technologies
The Internet is a global network of interconnected computer networks around the world, and web technology is a technology for transmitting and viewing information and content on that Internet. In other words, the Internet is the foundation of information and communication, and web technology provides the specific tools and methods for transmitting, sharing and viewing information on it.
Web inventor Tim Berners-Lee wants us to ‘ignore’ Web3, published on CNBC, introduces Tim Berners-Lee’s remarks at the Web Summit 2022 event in Lisbon, Portugal, where he said describes Web 3 and Web 3.0 as the future of web technologies.
Web 3 is a decentralised web, representing a new form of the web built around blockchain and distributed ledger technology, and Web 3 is a counterpart to the traditional centralised web model, where users have more control over their data and privacy and avoid data centralisation It will aim to achieve this.
In contrast, Web 3.0 refers to the third generation of the web. Technically, it aims to link web content and data semantically, using technologies such as the Semantic Web, Linked Data, described in ‘Semantic Web technologies’, and Ontology, described in ‘Ontology technologies’, to enable search engines and applications to interpret information more effectively. Web 3.0 is a technology that enables more efficient use of information and linking of knowledge on the web.
To summarise these, Web 3.0 focuses on Semantic Web technologies and improved data semantics, as opposed to Web technologies as information dissemination/sharing/browsing, whereas Web 3 represents a new architecture and philosophy of the distributed Web, with distributed ledger technologies, data ownership and privacy and an emphasis on the Both are responsible for different aspects of the future of the web and overlap in some respects, but are different concepts.
The convergence of Web 3 and Web 3.0
As Web 3 and Web 3.0 are evolving towards a common goal, albeit in different technological directions, there is an ongoing debate about the convergence of the two. Specifically, a future Internet is envisaged in which data is efficiently made sense of on a decentralised infrastructure, and furthermore, the data is user-driven and controlled, as shown below.
- Data sovereignty: while Web 3 gives users ownership of their data, Web 3.0 semantic technologies enable them to better understand and utilise the meaning of that data. This creates an ecosystem where users can manage their own data and effectively retrieve and provide the information they need.
- Distributed AI services: by allowing Web 3.0 AI technologies to run on a Web 3 distributed network, personalised services are possible while protecting user privacy. For example, distributed AI will be able to analyse and learn locally without sending user data to a centralised server.
- Smart contracts and the semantic web: smart contract technology from Web 3 will be used to automate transactions and contracts, which, when combined with semantic technology from Web 3.0, will enable a richer understanding and automatic processing of the content and terms of contracts.
Specific examples of the integration of Web 3 and Web 3.0 could include the following.
- Decentralised social media platforms: decentralised social networking sites (e.g. Mastodon and Lens Protocol) using Web 3 blockchain technology, incorporating Web 3.0 semantic technologies, more personalised feeds and intelligent recommendation systems can be realised. Conventional social networking sites are centralised, with algorithms collecting user data and using it for advertising, but by making them decentralised, it is possible to provide smarter content of interest to users while protecting their privacy.
Example would be semantic analysis of users’ past posts and relationships with other users using Web 3.0 semantic search technology, and recommending new posts and connections that are best suited to individual users based on this content.
- Decentralised data marketplaces: using Web 3 technology, the addition of Web 3.0 semantic web technologies to decentralised data marketplaces such as Ocean Protocol and Filecoin will dramatically improve data search and management. This enables data providers and users to finely define and semantically search their data, and trade on the precise meaning and context of the data.
Example would be the use of healthcare data, where data is classified and analysed using semantic technology, and then directed to the right users (e.g. researchers and medical institutions) in a data marketplace to provide the best data for the right users and increase the reliability and transparency of data use.
- Smart city infrastructure: smart cities will use Web 3.0 AI and semantic technologies within an internet-connected urban infrastructure to efficiently manage urban data. This, combined with the Web 3 blockchain, will make the management of traffic and energy data, for example, in a decentralised way and make the operation of the entire city transparent.
Example is the use of blockchain projects such as IOTA in smart city infrastructures, where vehicle and energy usage data is collected and processed in real time, stored in a private and decentralised manner, the data is analysed efficiently using Web 3.0 technology and city managers could make use of it to operate efficiently.
- Decentralised identity and credit scores: Self-Sovereign Identity (SSI) and Decentralised Identifiers (DIDs) in Web 3 are technologies that allow users to own and manage their own digital identity, but when combined with Web 3.0 semantic technologies can provide smarter credit scores and personalised services.
Example is the use of Web 3.0 technology to build a system that semantically analyses user behaviour, transaction history and social connections and calculates a credit score based on this, thereby enabling financial institutions and companies to use more accurate credit scores while maintaining decentralised and privacy-preserving services could be considered.
The convergence of Web 3 and Web 3.0 has the potential to form the next generation of the Internet, where users take ownership of their data and can utilise that data in a smart, decentralised environment. This is expected to lead to a new web ecosystem where individual privacy protection and optimised user experience are compatible.
reference book
Reference books for learning about Web 3 and Web 3.0 include.
1. “The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum”
Author: Camila Russo
This book describes the birth and development of Ethereum, the core technology of Web3, and is a must-read for anyone interested in the decentralised technology of Web3, helping to understand how Ethereum supports the Web3 ecosystem, in addition to technical explanations.
2. “Token Economy: How the Web3 Reinvents the Internet”
Author: shermin voshmgir
This book explains how blockchain technology and the token economy will play a central role in Web3. It provides an in-depth look at key elements of Web3, such as decentralised applications, smart contracts and DAOs (Decentralised Autonomous Organisations).
3. “Blockchain Basics: A Non-Technical Introduction in 25 Steps”
Author: daniel drescher
If you want to understand the basics of blockchain technology, this book will help. It is structured so that it can be read without any technical background and is an excellent introduction to the basics of the blockchain technology that underpins Web3.
4. “The Web’s Awake: An Introduction to the Field of Web Science and the Concept of Web Life”
Author: philip d. Tetlow
A look at the philosophical aspects of Web 3.0 and the future of the Internet, this is stimulating reading for those wishing to gain a broader understanding of Web 3.0 and the evolution of the Web.
5. “Mastering Blockchain: Unlocking the Power of Cryptocurrencies, Smart Contracts, and Decentralized Applications”
Author: Imran Bashir
An in-depth guide to Web3 and blockchain technology. For developers and those interested in the technology, it contains practical content focusing on smart contracts, dApps (decentralised applications) and decentralised networks.
6. “Web3: Charting the Internet’s Next Economic and Cultural Frontier”
Author: Alex Tapscott
This book delves into the economic and cultural aspects of Web3. It explains the social and economic impact of Web3 as the next frontier of the Internet.
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