The Web 2.0 era continues from 2004 to the present. This is the version of the internet that most of us are familiar with today. It also changed the way we think about the internet. Web 2.0 is built around the idea of the Web as a platform: Web 2.0 Websites are No longer static pages; they basically become web apps. Web 2.0 sites have many interactive elements Hard to imagine in the Web 1.0 era – dynamic page layouts that adapt to different screens and resolutions, Interactive data validation in forms, or even embedded videos.
What is Web 3.0? Is it the future of the Internet? If you search for Web 3.0 definitions, you may not find a clear and unambiguous explanation. In 2006, Tim Berners-Lee said: “People keep asking what is Web 3.0. Maybe if you have an overlay of scalable vector graphics — Everything ebbs and flows and looks blurry – on Web 2.0 and accessing a semantic web integrated into a vast data space, you have access to incredible sources of data…”. In short, Web 3.0 is the next iteration of the Internet, and it will be primarily based on blockchain technology. Cryptocurrencies, especially the philosophy of decentralization. In other words, Web 3.0 is the worst nightmare for large enterprises – and I’ll tell you why.
How Web 3 evens the playing field between big businesses and mom and pop shops.
Web 3.0 has the potential to revolutionize the way businesses operate. By providing a more personalized web, improved data searchability, and the elimination of third-party intermediaries, web 3.0 can help businesses save time and money while building stronger relationships with their customers.
Since centralized systems evidently don’t keep data safe or protect privacy, a new approach is needed. Web 3.0 is a wallet-based identity-native ecosystem of distributed applications (dapps) in which users own their data and content. Users can authorize access to their data anonymously with smart contracts and defend against privacy risks.
Web 3.0 technologies can help to improve transparency and trust between businesses and their customers. The use of blockchain technology, for example, can help to create a tamper-proof record of transactions. This would allow businesses to build more trust with their customers by providing them with a transparent view of their business dealings.
This can serve as a primer for business owners who want to stay ahead of the curve and be prepared for web 3.0. But remember, web 3.0 is still in its early stages, so don’t expect everything to happen overnight. Just keep an eye on web 3.0 developments, educate yourself and your team about the technology, and start experimenting with web 3.0 solutions.
Doing so will put you in a good position to take advantage of web 3.0 when it matures.