Web 3.0 enables the free and transparent flow of data and value over the Internet in a decentralized manner that is controlled by users. It has the potential to address the most common challenges of the current Internet era such as data privacy and ownership to create a new version of the creators’ economy, says GlobalData, a leading data and analytics company.  

Web 1.0 marked the birth of desktop browsers and data storage applications where content was derived from the server’s file system. Its applications were limited to use for e-commerce websites and advertising brick and mortar businesses.

Web 2.0 ushered in social networks, ‘mobile-first’ applications, cloud computing, web applications, video sharing sites, microblogs, podcasts, content hosting services, among many others. The content is dynamic and responsive to users.

GlobalData’s future tech series report, “Internet’s Next Revolution: Can Web 3.0 Unlock Decentralized and Intelligent Internet?” reveals that key principles like decentralized data networks and digital assets or tokens on permission less blockchains will be complemented with enabling technologies like AI, edge computing, and AR/VR to target user-centric services in web 3.0. 

GlobalData’s FutureTech Series Reports are aimed at capturing futuristic technologies which have the potential to disrupt tomorrow. 

Get your hands on the report here: https://bit.ly/3Ka8A9M  

By Kiran Raj, Pricipal Disruptive Tech Analyst at GlobalData