Blockchain and the “New Internet" Web 3.0
Let's have a look at Web 1.0: it was essentially an info dump of walls upon walls of text which people read. Web 2.0 changed that by bringing in user interaction with dynamic websites and acted more as applications than simply pages of information.
Web 3.0 will be a complete reinvention of the web. Up to date, there has not yet been a concrete definition of Web 3.0, but to understand it we can look at examples of what we have now. In Web 2.0 users can search for information using search engines which provide enough information regarding the search. The search is only for keywords. The most popular keywords are large numbers of information.
Web 3.0 will be able to get the context of the user and will be able to provide the user with the most useful information. Web 3.0 can be an artificial intelligence assistant that understands its user and personalize everything. For example, if you are preparing for a vacation and need to search cheap flights and accommodation as well as meals, it will take hours. Web 3.0 will be able to scrape all of this information and present it to the user in a very intelligent and highly accurate way
The blockchain is a data container and a new form of the internet. Cryptocurrencies exist on the blockchain and these two terms are not synonymous. On this new Internet you will not need to have a trust broker like a bank or tech company; in other words, no middleman to ensure privacy and security. Web 3.0 will comprise a stack like decentralized transaction layers, file storage layers, and messaging layers.
We will also see that Cloud Computing become bigger. Cloud computing is everywhere and means storing and accessing data and programs over the internet. Cloud storage has allowed many businesses to streamline their operation and now with web 3.0 every household can become bigger contributors to cloud computing. The cloud-connected device will serve as a node ( a copy of the blockchain which exists on a computer) to support computational tasks.
By using the blockchain technology the life of users will be made easier by taking greater control over how the internet affects their life.
For more advice please feel free to contact me on 081 269 3916 - for a Consultation. Pieter Lategan