Web 1.0 is considered the first generation of the internet. Its primary purpose was to improve web operations and infrastructure while increasing accessibility and commercial use. Established in 1989, it was utilized for commercial objectives, such as promoting brick-and-mortar stores. Web 1.0 is still in use, primarily on elementary e-commerce sites.
We have come a long way in the evolution of the web. Coined by a New-York reporter around 2006, Web 3.0 is ushering in a new era of web interactions. The third generation of internet services is an intelligent beast that focuses on creating a semantic and data-driven internet by employing machine-based data understanding. Data is interconnected in a decentralized manner — a big leap ahead from their present gen internet (Web 2.0), where data is largely housed in centralized repositories. Web 3.0 is predicted to alter the way web developers create websites and how consumers interact with them. It will make people’s online life easier, faster, and more productive.
Web 3.0 and Blockchain Technology
Web 3.0 will operate through decentralized networks, the founding base for cryptocurrencies and blockchains. They shall expect a strong convergence and symbiotic interaction between these three technologies. They will be interoperable, seamlessly integrated, automated by smart contracts, and used to power everything from microtransactions in Africa to censorship-resistant P2P data file storage and sharing through applications like Filecoin. This has the potential to entirely transform the business operations and strategies.
The present flurry finance of DeFi protocols is only the beginning.
Before diving into the most talked-about examples of Web 3.0, let us look at its characteristics:
The semantic Web is the future of web evolution. It enhances online technologies by allowing users to create, share, and connect content via search and analysis based on understanding the meaning of words rather than keywords or numbers.
On Web 3.0, computers may perhaps identify and analyze information in the same way humans do. This will bring up better and more relevant results. Natural language processing and artificial intelligence will be leveraged in much more interesting ways to process data and deliver a better user experience.
To make websites more interactive, Web 3.0 may rely largely on three-dimensional designs. 3D graphics on Web 3.0 include computer games, geospatial contexts, e-commerce galleries, museum tours, etc. Web 3.0 will become a three-dimensional network, bringing avatars, virtual reality, and augmented reality into the daily lives of people.
Connectivity and Ubiquity
Web 3.0 will render the same data which will be accessible across many applications and services. In this manner, the actual operational data of an organization would be available and could be accessed from multiple devices worldwide.
Web 3.0 intelligence is a decentralized version of virtual reality that has now entered our lives. In the middle of a technological revolution, let us now look at the top three examples of Web 3.0, which are impossible to miss.
#1 Voice Assistants
Voice recognition software is quickly becoming a critical component of Web 3.0. Voice assistants are able to perform complicated and personalized requests using speech recognition and artificial intelligence. Put them on decentralized architecture and your data is no longer leveraged by a singular company for its profits.
Siri is an excellent example of where Web 3.0 is leading computer users, as iOS devices have started communicating to deliver better search results. For example, instead of the unpleasant “I don’t know,” decisive answers to questions will be provided by Siri and other personal assistants.
#2 Wolfram Alpha
Wolfram Alpha is a computational intelligence platform that allows users to compute solutions. It is particularly popular among students and professionals in disciplines, such as mathematics, nutrition, and science. This platform uses Web 3.0 by aggregating information from online databases and simplifying it for end-users.
On this platform, you can write in a question, and it will understand it and provide responses that are relevant to the context of the query. For example, if you enter in “two cups of strawberries,” Wolfram Alpha will provide you with the nutritional value, the number of calories, and any other pertinent information on two cups of strawberries. In this scenario, it provides you with a starting place for future investigation.
For particular inquiries such as “Where is Brazil?”, it will provide a very detailed answer along with additional correlated facts that will enable the user to understand intuitively and organically.
Bondex is a Web 3.0 talent ecosystem that combines a talent network and marketplace with financial capabilities and is partially owned by its community of users via tokenized rewards. This dApp makes your life simple by providing services, such as professional networking to fintech solutions. Visit the website here to know more.
Bondex’s decentralized P2P model enables a new revenue-sharing business model by redistributing more profits among the global talent pool and hiring companies, and better-aligning incentives across all participants for long-term growth and value creation. This is redefining the professional network’s economic model.
You can also use Bondex’s Smart Referral System to expand your network and earn more BNDX — the native token of Bondex. The greater the number of successful referrals, the more prominent the rewards. A tiered structure will be implemented soon, which will be both encouraging and rewarding towards mentoring and team building. Be a ‘Connector’ today- bring in business customers. These ‘connects’ will also be eligible for tokenized incentives.
The new internet will offer a more personalized and tailored browsing experience, as well as a smarter and more human-like search assistant, and other decentralized benefits. All of these are expected to contribute to a more equitable web. It is clear how Web 3.0 will rule the world with its enhanced AI and semantic web technology.