Web 3.0 is evolved from web 1.0, the term was used as the first version of the internet that emerged from the Defence Advanced Research Project Agency (DARPA). This first version was the form of web pages joined by hyperlinks with some visual controls. The main purpose of Web 1.0 is about reading and get information. This information was mostly from the static web pages. In Web 1.0 only web owner was creating the content and visitors were reading the content. But social media emerged and that is where web 2.0 started.
When Web 1.0 ended Web 2.0 begins we can’t exactly say the exact date or time when Web 2.0 began it was in fact a transition from web technology. Internet became interactive, it cannot be clearly defined that when this change exactly happened it happened gradually over time as the internet became more interactive.
Web 2.0 is all about interactive web technology, so if we say a web technology about reading, writing and creating that is Web 2.0. The best example of web 2.0 is the social media platforms. Where users are also creating the content, be it social media platforms, tube videos or so on it is all about web 2.0. But here the data is stored in a centralized way. I am sure readers are well aware of blockchain which is one of the technologies of 4IR.
Technology evolves every day, it is emerging at a rapid pace. The 4th Indusrial revolution has created various opportunities. AI-driven, blockchain, and edge computing are a few examples that define the evolution of the internet too.
The 3rd generation of the internet or Web 3.0 is all about the websites and apps able to process information in a smart human-like way. Data today is called Big Data, and processing of this data must be done in a smart way. That is where Machine learning and Artificial Intelligence come into the picture.
When we talk about Blockchain technologies and decentralized ledger technology (DLT) we can clearly say that the internet has evolved.
If we defined Web 3.0 we can clearly say is all about reading, writing, creating, and owning.
Be it NFTs, tokens,s, etc, creators and builders can now own the content, fintech and blockchain are also forms of Web 3.0 and it is still emerging.
Now validating ownership on the internet is possible is because of Web 3.0