WEB 3.0: 3 Main Attributes to Address the Transformation

Technology has immense potential to change the entire globe. Let's know more about its impact on lives in the physical world.

Thriving Web

10/10/2021 5 min read

The environment which we have around us is living proof that dreams can never be inferior to reality. It is important to note that Web 3.0 is an informal name for the third generation of internet services. Everything visible today was once invisible to humanity. For instance, The idea for a bigger screen size mobile phone was considered ridiculous 20 years back. But here we are flaunting the smartphone with a larger screen size. Therefore, it is important to pay attention to the needs rather than focusing on means to achieve them. We will discuss Web 3.0 in further detail in this blog. So, When we talk about the internet it has become an integral part to an extent that goes beyond our realization power. The interruption of the internet for a day will impact 3.5 billion google searches. Oberlo projects 376.4 billion emails by the year 2025 in circulation. The Internet is propelling the growth of humanity at a much faster rate by bringing people closer.

"The day science begins to study non-physical phenomena, it will make more progress in one decade than in all the previous centuries of its existence."

-Nikola Tesla

Where we are heading with these technologies?

These technological advancements create a dilemma whether it is slavery to human beings. Imagine an hour without a mobile phone. It makes us truly anxious. Let's face it, we need technology to aid humans but along with the blessings it comes with a huge responsibility to ensure the execution of the same.

Currently, Technology has a tremendous amount of capabilities to provide effective solutions. The challenges along the way are indications of incremental development. Hence, we should be more cautious before rejecting the idea fully and work towards depleting these challenges. Healthcare, gaming industry, driverless cars, digital real estate, smart contracts, and much more countless benefits of technology are actively emerging to minimize the gaps worldwide.

A brief history of Web 3.0

The Web was planned as data space, with the objective that it ought to be valuable for human correspondence as well as that machines would have the option to take an interest and help. One of the significant snags to this has been the way that most data on the Web is intended for human utilization, and regardless of whether it was gotten from an information base with clear cut implications (in certain terms) for its sections, the construction of the information isn't obvious to a robot perusing the web.

Leaving to the side the man-made brainpower issue of preparing machines to act as individuals, the Semantic Web approach rather creates dialects for communicating data that can be processed by machine in a defined structure. The amalgamation of various dimensions in the cyber world is termed Web 3.0. It is the future of intelligence with unlimited identities or possibilities for exploration.

Web 1.0:  web- read-only

Web 2.0: Social web- read, write

Web 3.0: Spatial web- read, write, execute

What is Web 3.0 or Spatial web?

Web 3.0/ Spatial web expedites immersion (VR/AR/IoT), decentralization (Blockchain), and intelligence (AI) based on various combinations of trending experiences and technology. It is also referred to as the spatial web by researchers and developers.

The uprising web is knocking on the door, taking into consideration the people, community, places, things, and core values. It is on the verge of becoming accessible from the world around us. In fact, it is not limited only to access pages, text & media on the back of the screen which is mostly witnessed now. It enables users to construct physical reality in virtual space and push the digital world closer to the real one.

Why have a conversation about Web 3.0 now?

A recent report of 50 billion interconnected devices will be in circulation by 2030. Each device contains sensors which stores data, interact, and communicate to the network. The issues around data privacy and security will indeed be spine-chilling in near future. This creates urgency for certain protocol standards supporting the growth processes. Also, underlying universal values of data privacy, security, trust, and interoperability going forward are some of the major concerns.

Web 3.0: Emerging trends & opportunities

The digitization prevailing web 3.0 across the globe, specifically Big tech (Google, Facebook, Amazon, Microsoft) organizations that are primarily involved in the centralized web will be a conglomerate by exploring the decentralized web. Big tech organizations are here to stay.

For instance, the recent investments in underwater fiber cable constitute in total 380 cables underwater of nearly covering a distance of 7,45,645 miles. It gives clear indications that tech players are betting big on these technologies and if not today then maybe in near future, a higher percentage of data will be known by these organizations.

Thus, there you have—no unmistakable decision from the Big Tech predominance. All things considered, a more complicated and mixture Web could be more strong than any of the single advances or patterns without any external involvement.

What is the Digital divide?

The awareness amongst people will assist in the decision-making process about data security. There are laws emerging to secure data owned by organizations, on the contrary, the awareness of the value of our data in monetary compensation for using our information for profits of the organizations. The challenge is the lack of technical knowledge and the inaccessibility of technology among the masses. So here are the 3 attributes to incorporate at this moment for the betterment of humanity.

1. Promote Co-opetition: It’s time to cooperate amongst the competitors to facilitate the revolution of web 3.0. It demands exploring new means of solutions rather than focusing on demerits or ignoring the potential opportunities.

2. Reform Educational systems: We have to reform the educational system as a whole. It should be open for all generations as these advancements were never in existence in past. The core principles should be available for every person on the globe for balanced growth.

3. Start conversations: We have to initiate conversations as web 3.0 is incipient. It demands to create a community to illustrate admittance to excel.  It can only be possible by a voice that can penetrate the communities. The demerits of the spatial web require effective solutions which can truly be possible by social engagements.

|| The massive scale of processing for a better future is still witnessing huge challenges due to the digital divide ||

Half of the world's population, in fact, 3.7 billion people, is nowhere near to the digital revolution. Unemployment due to no education in the 20th century or people who are still offline with no internet services on the planet contributes majorly to the digital divide. The pace at which we are heading towards web 3.0 might create bridges that won’t be easy to address in the later stage. 

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