Where Web 2.0 was driven by the advent of mobile, social, and cloud, Web 3.0 is built largely on three new layers of technological innovation: edge computing, decentralized data networks, and artificial intelligence.
While in Web 2.0 recently commoditized personal computer hardware was repurposed in data centers, the shift to Web 3.0 is spreading the data center out to the edge, and often right into our hands. Large legacy data centers are being supplemented by a multitude of powerful computing resources spread across phones, computers, appliances, sensors, and vehicles which are forecast to produce and consume 160 times more data in 2025 as compared to 2010.
Decentralized data networks are making it possible for these data generators (from an individual’s personal health data to a farmer’s crop data, or a car’s location & performance data) to sell or barter their data without losing ownership control, giving up privacy, or reliance on third-party middlemen. As such, decentralized data networks can bring the entire long tail of data generators into the emerging ‘data economy’.
Artificial intelligence & Machine learning algorithms have become powerful enough to create useful, indeed sometimes life-saving, predictions and actions. When layered on top of new decentralized data structures giving access to a wealth of data that would be the envy of today’s tech giants, the potential applications go far beyond targeted advertising into areas like precision materials, drug design, and climate modeling.
Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties. The result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.
Blockchain domains are rapidly growing in popularity and have the potential to completely evolve the “old” internet. Previously the only way to access the decentralized web via .crypto domains was via a browser plug-in. The new integration, using DNS over HTTPS, increases the accessibility of blockchain domains. This means that any browser can now treat blockchain domains in the same way traditional domains are treated worldwide.