What is web 3.0? it’s the evolution of the internet, characterized by the use of advanced technologies such as artificial intelligence, blockchain, and the Semantic Web to create a more intelligent and interconnected web experience. It is often described as the smart or intelligent web, as it allows for more personalized, intuitive, and efficient interactions between users and the various systems and devices connected to the internet so I will talk in detail about web 3.0 let’s start.
this article was updated in 17/1/2023
1. The history of the web development
The internet has come a long way since its humble beginnings as a tool for sharing information and connecting people. With the rise of the Web and the explosion of social media, the internet has become a vast and interconnected network that has changed the way we live and work. But what does the future of the internet look like?
1.1 What is web 1.0?
The first web version was created by Tim Berners-lee in 1989 he was a computer scientist who wrote the first fundamental technology that become the foundation of the world wide web as the first editor/browser, the HTML or hypertext markup language was created then the hypertext transfer protocol (HTTP) this allows users to access to resources found in the web.
The first generation of the web was basic web pages with HTML structure and early web systems with java scripts.
1.2 What is web 2.0?
The next web version is web 2.0 which was launched in early 2004 by Tim O’Reilly this make a huge shift in the internet that was used from 1989 when it was created and replaced the entire old web1, you can say it’s the era the social media that we are using right now as Facebook, integral and Google all based in the web2.0.
web 2.0 uses the 2-way flow of information that allows users to access the web through their phones and share data and more, we are living the web 2.0 in our modern life.
1.3What is web 3.0?
it’s the new web or the third generation of the internet that was developed in 2014 based on blockchain technology and semantic web and artificial intelligence we can’t forget AI learning that makes a big step such as chat gbt or Open ai I will talk in detail about the new web 3.0.
2. The key feature of web 3.0
The main key feature of web 3.0 is a decentralized network and AI intelligence, machine learning, ubiquity, and the semantic web.
2.1 Decentralized network
Decentralization is the main feature of web3, as it utilizes decentralized technology such as blockchain to create a more autonomous and distributed internet. This allows for the creation of decentralized applications (dApps) that run on a computer network, rather than a single central server. This means that there is no single point of failure and the network is more resistant to censorship and control by any single entity.
2.2 Artificial Intelligence & Machine Learning
web 3.0 which uses AI (artificial intelligence) and ML (machine learning) will provide a more personalized user experience this allows businesses man that will understand their customers and offer new services
Don’t forget that in web 3.0 computers can understand information as humans through new tech that is based on semantic web and natural language processing, machine learning uses a part of artificial intelligence that can learn from humans one of the examples is chat gbt launched from several weeks that makes a huge impact in tech filed and machine learning.
the new evolution of the internet where AI and ML played a major role when see smart assistants like Google Home or Amazon Alexa they are been developed using web 3.0 which allows them to hold conversations with humans with the new internet 3.0 they will be more intelligent and more efficient.
2.3 Blockchain base system
One of web 3 technology is the blockchain which is a decentralized record that can store your transaction data across the internet the main key of blockchain is publicity view and It relies on advanced and permanent encryption.
I mean by ubiquity that everyone can use the internet and should be accessible from every were and anywhere using any platform or device the web 3.0 is not limited so anyone can be engaged from any place in the world.
2.5 Semantic web
The Semantic Web and its potential impact on the future of the internet. The Semantic Web aims to improve the ability of web technologies to generate, share, and connect content by understanding the meaning of language beyond simple keywords. It is mentioned that in the future, web 3.0 will take readability, creativity, and interactivity to a new level with an increased search engine, platform, and connectivity capabilities. Computers will be able to understand the context and identify user needs and goals more accurately.
2.6 Collective ownership
One of the main features of web 3.0 is collective ownership so each user will own his data this data can be shared with your friends or anyone you want, and this will give a new flavor for business based on sharing & collaboration
with the old technology, if users rely on the centralized organization as Facebook or Google to store and manage their data, with web 3.0 all users can store their data on a decentralized network that network will be controlled by the community, this allows all users to keep the data save and private and reduce the chance of been lost or stolen.
3. Key Applications of Web 3.0
the main core of the key application is the blockchain so with the creation of web 3.0 range of applications can be created and services as the following:
NFT: non-fungible tokens that are used and stored in the blockchain they are cryptographic hash that is unique in shape and special.
Defi: Decentralized finance is a technology that used web 3.0 based on blockchain that uses finance as part of services, not as traditional banking infrastructure.
Cryptocurrency: in web3 the main money is in crypto as one of money creation is bitcoin which uses crypto technology that strives to change the traditional fiat of cash.
dApp: Decentralized applications (dApps) are software or applications that are created on the top of the blockchain that can use smart contracts to enable a service delivery programmatic approach immutable ledger.
DAOs: Daos are preparing to potentially the main role to organize entities and services of web 3.0 to provide structure and governance in the decentralized approach.
4. How can Web 3.0 help Businesses today?
nowadays web 3.0 can help businesses in many good ways, you can see below about new technology :
4.1 Customer Relationship Management
Customer Relationship management always has been a focus for businesses for a reason. they understand what customers need and try to deliver the service as the customer needs to increase sales and loyalty. with the new web 3.0 promises to change some old CRM by providing businesses with access to new data sources such as social media and a history of browsing and some other data that businesses can able to gain much deeper to understand their customers. web 3.0 will offer customized services that resonate with customers this will improve the relationship and then increase sales.
4.2 Supply Chain Management
supply chain management (SCM) is a set of steps about planning, implementing, and controlling the supply chain of raw materials that work together in order to produce a final product and service to the customer, the main goal of SCM is to optimize the flow of this row materials according to the information and the financial to meet the customer demand.
in the last years, there was a big shift of ordinary SCM that has been moved to decentralized supply chain networks these networks consist of: suppliers, manufacturers, distributors, retailers, and some other members that are connected through a special network.
The next generation of the World wide web is web 3.0 which has been developed by semantic web technology, this web technology is more intelligent and uses the data interconnected and can be used by machines, the web 3.0 is more secure and efficient this can reduce cost and improve the Quality of the final product.
4.3 Data Management
business operations are with us from the beginning of the internet with the new web 3.0 you can see more radical changes that may affect data management, it can increase the ability to share data and collaborate with new business models with the new web 3.0 businesses can manage their data and improve the product and service and also they can create a new value service to meet there needs.
4.4 Marketing and Advertising
with web 1.0 and web 2.0 helping users to personalize their experience, the new web 3.0 can make a huge impact on marketing and advertising that allow you to create a more personalized experience, the new web 3.0 help marketers to reach their audience and increase sales and effectivity and create a brand for companies.
Web 3.0 is a major turning point for businesses and entrepreneurs. Web 3.0 will allow companies to better understand their customers, manage their data, and improve their products and services. For individuals, Web 3.0 will make it easier to raise funds, acquire customers, and research their markets. With the right approach, companies and entrepreneurs can take advantage of this new technology and stay ahead of the competition.
Finally, I hope my article added some valuable information to you. If you have some questions? Let me know in the comments below. I’ll try my best to answer them.