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The recent development of Web 3.0 has revolutionized the internet by offering enhanced forms of security, privacy and safe mode of transactions.
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The most intriguing fact about the realm of the internet is that true innovation knows no limits. The history of the evolution of the world wide web has been quite an interesting one. The introduction of web 1.0 in 1994 kickstarted the concept of digitising information efficiently. It consisted of using various static pages in order to fulfil the purpose. The advent of web 2.0 involved the incorporation of the idea of utilising the web as a platform. This revolves around the uploading of user-created content, which can be uploaded on various forums and social media further. Web 2.0 was considered to begin circa 2004 and continued to be in practice till the first half of 2021.
Recent Development of Web 3.O The recent development of Web 3.0has revolutionized the internet by offering enhanced forms of security, privacy and safe mode of transactions. This concept consists of developing the world wide web-based on blockchain technology. This further incorporates various concepts with regard to decentralization and token-based economics. Web3.O is a very important concept to understand. The term was coined by Gavin Wood, the co-founder of Ethereum, which gained rapid interest in 2021 from various enthusiasts of cryptocurrency, huge technology companies, and various venture capital firms from every corner of the world. It has been proven that the advent of web 3.0 has increased the data security, scalability, and privacy for the users extensively. It has also helped in combatting the influence of mega technology companies. 2021 must be the year of its birth, but 2022 has been the year where web 3.0 has truly been manifested. There are many catalysts which have played a significant role in fastening the spread, but the prime catalyst has been the upsurge of the Covid-19 pandemic. The major shift of work and education sectors over the virtual space gave the opportunity to web 3.0 to escalate its development.
Key Elements Of Web 3.O • Semantic Web • Is a type of system that allows information over the internet to be readable by the machine. It offers software programs consisting of metadata of published information which is machine-interpretable, as mentioned earlier. In simpler words, the computer is capable of making sensible decisions and further interpreting in a way which is similar to the humans processing a piece of information in order to achieve a set goal • Artificial Intelligence • It is well demonstrated by machines instead of people. It is the addition of human intelligence in the machines programmed in order to think like humans and perform mimicry of their actions. It exhibits human traits such as learning and problem-solving.
3-D Graphics • Is known as 3D computer graphics, which is three-dimensional computer graphics. It uses a three-dimensional representation of the geometric form of data, especially cartesian, stored in the computer for performing calculations and rendering 2D images. The images are further stored for the purpose of viewing later or rather displayed in real-time later. • Connectivity • Information stays more connected due to the semantic metadata, which results in the evolution of user experience into an upgraded level of connectivity. This connectivity further leverages all types of available information.
Ubiquity • The internet content and services have the ability to be accessed from any place at any time on a various number of devices, rather than being exclusively accessed by computers or smartphones. The wide range of smart devices is certainly helping in increasing access to the internet in a much more seamless manner. • How is it useful? • The various features of web 3.0 as discussed above, makes our connection stronger with the advent of web 3.0. The evolution of the world wide web was highly necessary, such that people can discover and learn what they are interested in. This further will help them to figure out how they can understand the relationship between things faster and more conveniently.
Conclusion The inclusivity and empowerment provided by Web 3.0 can be expanded and further accelerated with the help of VR or AR experiences and by incorporating immersive interactivity and decentralization of financial concepts, ownership and much more. It is extremely intriguing to allow ourselves to interact virtually with people in a more secure, private and optimized environment. These features have been proven to be highly useful for eCommerce to flourish in the market by gaining more loyal customers.
