The Internet is arguably the most important innovation in human history. Although it has been around for over two decades, it is far from realizing its potential. Some say the current stage of the internet is similar to that of the auto industry at the turn of the 20th century – which needs major improvements. Imagine a type of the Internet that not only follows your instructions, but also interprets and makes sense of everything you communicate to it, whether through text or speech. An Internet that gives you more than ever results tailored to your preferences. Many call it the Internet or Web 3.0.
What is Internet 3.0?
The inventor of the World Wide Web, Tim Berners-Lee, called it the Semantic Web (interconnected data). Web 3.0 would aim to be more autonomous, intelligent and open. It would interconnect all data in a decentralized fashion – a huge leap from the current system where data is stored in centralized repositories. Internet 3.0 would be based on two important pillars: the semantic web and artificial intelligence (AI). In this configuration, programs should be able to understand information conceptually and contextually, and humans could interact with machines.
How has the Internet evolved?
Web 1.0 (1989-2005): Also known as the Static Web, it is the first Internet to emerge in 1989. Although it provides access to limited information with little user interaction, it has remained the most reliable web source. in the 1990s. It had no algorithms to sift through web pages. This made it very difficult to find useful information.
Web 2.0 (2005-present): The evolution of social media sites has made the Internet much more interactive. HTML has also contributed to its incredible popularity. Companies have started to set up interactive web platforms such as YouTube, Facebook, Wikipedia, Twitter, Instagram pages. This kicked off the user-generated content process as Web.20 enables data sharing between various platforms and applications.
Web 3.0 (planned): It is the next step in the evolution of the Internet. During this phase, the internet will become smarter and could process information almost like a human brain using the strength of AI systems. Since the programs would be able to interact with each other without being prompted by humans at all times, the generation of content would become very intelligent and its distribution targeted.
Web 3.0 is expected to provide a more personal browsing experience and help build a fairer Internet. Once this infrastructure is in place, it will likely trigger a new wave of innovations that will give users more control over their data. It will also make the Internet more integrated into our daily life. Most of today’s offline machines, like home appliances and transportation systems, connect and interact with their stand-alone servers.
Since Web 3.0 will operate through decentralized protocols, based on blockchain technology, it is expected that these two and cryptocurrency will converge in a close relationship.