Use Cases of Web3

Expanding the web and the constant improvement of its infrastructure is vital in order to make internet technologies easier for users to access and enabling digital transformation. In the beginning, Web1 offered us static websites as well as text-based websites to give information to users . Web 1.0 did not focus on input by users. Thus, the web-based version is commonly referred to by its name as the “read-only” web.

In the second iteration of the internet web 2.0 was invented and refers to the latest version that is part of the internet (internet infrastructure) that we use today. It is accessible, user-friendly and integrates with different services and systems as well as software products. Web 2.0 includes a web version made up of both web as well as social multimedia applications.

Today, we are looking forward to the next evolution of web3 – the web’s decentralized infrastructure, that has led to a change in the world of internet. However, the concept behind web3 remains undefined to many. Additionally, companies have begun to research the real-world uses of web3 in order to fully utilize its potential to transform business.

What is Web3?

Web3 is what is known as the “next-iteration” of the internetthat is the evolution of the web 1 (HTML-based static websites) and web 2 (dynamic user-generated web). Web3 is an ongoing concept with numerous changes taking place on the potential. People are frequently confused between web3 and 3.0. So, let’s look at the two terms.

Web 3.0 The semantic web

Web 3.0 is semantic webs; the term “semantic” defines a study of a unique language and logic. Tim Berners, the world web’s creator, came up with the concept that web 3.0 being the web is capable of reading and processing data without human intervention.

Web3-The decentralized internet

Co-founder of Ethereum, Gavin Wood, coined the idea to end an era of centralization of the web, where tech giants such as Facebook, Twitter and Google are able to gather and use the data of users. Web3 relies on technology and concepts like self-sovereign identity, blockchain and a decentralized storage system changing the conventional notion of data ownership , and giving the power to users.

Architecture of Web3

Web3 is a serverless web design, also known as a decentralized internet, which seeks to grant data access as well as management access rights for users instead of any central entity.

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