Home Future Tech Decentralised Internet: What Is Web 3.0? Know, How This Can End The Monopoly Of Few Tech Giants

Decentralised Internet: What Is Web 3.0? Know, How This Can End The Monopoly Of Few Tech Giants

by Shatakshi Gupta
Published: Last Updated on

The term Web 3.0 is making headlines these days. It is in discussion for a long time. However, this discussion is intensifying with time. The notion with Web 3.0 is that it will completely change the way we use the Internet. People say that with its arrival the Internet will be decentralized. In such a situation, the question is what is Web 3.0?  Let’s understand.

To understand web 3.0 it is important to know about the history of the web in brief. As the evolution of web 3.0 is connected to Web 1.0.

Web 1.0:

 32 years ago in 1989 the World Wide Web or popularly known as WWW. started. The Internet then was a totally different place from the way it looks today. Back then we used to get information on the Internet only in text format.  This was also called Web 1.0. 

Web 2.0

Eventually with the development of web 2.0 started. This is the internet we are using. The existing internet is controlled and manipulated in a way and is not decentralised. Most of the world search for internet content through Google. Well switching the search engine is not the solution as it does solve the problem of a potential data privacy breach.

 Here comes the Web 3.0

The advanced version of Web 2.0 will be called Web 3.0.  The most striking feature about this is that no company will be able to control it. In Web 3.0, there will be no one company, but every user will be the owner of their content.  In simpler words, these days Google can use its search engine to its advantage and manipulate results. For example, Google can show the results of the search at its own discretion. In this way, Google can promote any search result while hampering the others.

Read more: Metaverse: A Space where Virtual and Real World meet; Know how it will Change our World

Let’s take another instance, Meta has the ownership of many platforms including WhatsApp, Instagram, Facebook. If the company wants, it can manipulate your content in its own way. This year, WhatsApp faced many allegations regarding users’ data access for its new data policy.

Companies like Google and Meta have monopolies in their respective domains. With the advent of Web 3.0, their monopoly may end. For this reason, these companies have been criticising Web 3.0.

Decentralisation of the Internet

The core idea behind Web 3.0 is to decentralize the Internet. It will more likely be based on blockchain technology. Cryptocurrencies and NFTs are also based on the blockchain.

After the arrival of Web 3.0, people will have more autonomy. Your content will be yours and you will get a token in return. One will be able to post his/her content on any platform with proprietary rights, which is not the case for now. For example, when you share any content on Facebook or YouTube, it becomes their content. They can use it in whatever way they want to. However, in Web 3.0, no company will decide whether to remove or keep your content.

Web 3.0 can also solve the issue of breach. In Web, 3.0 people will be able to control their data. The data will be in every user’s device, not on any central server, just like the blockchain. It will be encrypted, so no one will be able to know which user’s data is where.

Also read: 7 Hilarious Mistakes Made by Artificial Intelligence

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