The term “Web 3.0” is used to refer to the next stage of internet development. It expands upon Web 2.0’s ideas and innovations, which included social networking, user-generated content, and cloud computing.
The “Semantic Web,” also known as Web 3.0, is where computers and software are able to comprehend and analyse the meaning of content on the internet as opposed to just the raw data. Artificial intelligence (AI), machine learning, and natural language processing (NLP) technologies are used to achieve this (ML).
The decentralisation of data and apps is one of the main characteristics of Web 3.0. This is made feasible through the usage of decentralised applications and blockchain technology (dApps). With blockchain, data is kept on a distributed network of computers as opposed to a single location, increasing its security and censorship resistance. On the other side, dApps are blockchain-based, decentralised versions of conventional programmes like social networking platforms.
The expanding use of virtual and augmented reality (VR/AR) is a key component of Web 3.0. Users will be able to engage with digital things in novel ways and experience immersive 3D settings thanks to these technologies.
Additionally, semantic web places a big emphasis on privacy and personalisation, giving users more control over their data and how it is utilised.
A more equitable global economy is also regarded as being made possible by Web 3.0, thanks to decentralised marketplaces, digital identities, and more effective financial infrastructure for all.
Overall, Web 3.0 is a bold plan for the internet’s future that promises to fundamentally alter the way people communicate and engage with one another and with technology. Although it is still in the early stages of development, it is anticipated to have a significant impact on how the internet and technology develop in the coming years.