Neobank: The Future of Banking?
With the advent of technology, the banking sector has s...
Over the last two decades the internet has evolved from a niche past time to an essential part of our daily lives. But despite the technology’s massive progress critics say its become too centralized with power concentrated in hansa of few big tech companies. About Wed stages, first we start from Web 1.0 , which indicates the initial stage of the internet evolution i.e. www. In Web 1.0 , it only have lead only content just like we say Wikipedia where advertisements on websites while surfing the internet are banned. In another word, users can only viewed/read the pages content. The era of Web 1.0 was roughly from 1991 to 2004.
Web 2.0 starts from mid of 2004 where Tim O’Reilly and Dale Dougherty held a conference about first Web 2.0. It highlights use generated content, usability, and interoperability for end users. It is also called the participative social web. From this version it allowed users to interaction and collaboration with each other, also called virtual community. The major features that enhance the Web 1.0 and create Web 2.0 are :
From above features in Web 2.0 users can uses:
And finally here comes, Web 3.0. Which refers to the evolution of web utilization and interaction and which includes altering the web into a database, with interaction of DLT ( Distributed Ledges Technology) , Blockchain is an example for it and that data can help to make smart contracts based on the needs of the individuals. Its main features are :
Further, Web 3.0 where a slew of new companies like the ones at this crypto conference are aiming to reshape the internet. Proponents of Web 3.0 say it has the potential to disrupt the giants of the tech world by giving power to internet users rather than platforms. But web 3.0’s also drawn some prominent detractors ( Facebook, Google, Youtube) who have discussed it as simple another part.
Web 3.0, also known as the “Semantic Web,” is a term used to describe the next generation of the internet, which is characterized by the use of artificial intelligence and machine learning to better understand and interpret the meaning of data on the web. It is a vision of the internet that is more intelligent and interconnected, allowing for more effective communication and collaboration between people, devices, and systems.
There is some debate about whether Web 3.0 is a scam or a legitimate concept, and opinions on this topic vary. Some experts believe that Web 3.0 has the potential to revolutionize the way we use the internet and could lead to significant advancements in fields such as healthcare, education, and finance. Others are more skeptical, arguing that the term is being used to hype up unproven technologies or is being used to promote the interests of certain companies or organizations.
Ultimately, it is difficult to say with certainty whether Web 3.0 is a scam or the internet of the future. It is a complex and evolving concept, and it will likely take some time before we fully understand its potential and limitations.
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