Insight Blog: Web 3.0: Web Development’s New Iteration

Insight Blog:
Web 3.0: Web development’s new iteration

With the tech space moving at a fast pace as always, it is no surprise that iterations of the World Wide Web—or just “web” as we know it—are to be expected and also embraced. The web as we knew it in the 90s was a whole new way for data and information to be presented to its users. For the first time, everything you wanted to know or learn was all on a screen and could be accessed instantly. That was Web 1.0, which was quickly followed by Web 2.0.

Web 2.0

A new era of the web came around the mid-2000s, when the web did not only present you information, but allowed anyone with a connection to publish information and not just consume it. Platforms such as Facebook, Twitter and others rapidly grew and gave the web a new purpose centered around user participation and—more importantly—monetizing that user participation.

A more centralized approach took over in which the flow of data mainly took place through the biggest technology corporations. Google and Amazon are clear examples. Google provided users with an easier and faster way to look for anything in the web, while storing our interests and selling that information. Amazon provided not only an everything-store at your fingertips, but also infrastructure for everything web-related, with Amazon Web Services having voluminous amounts of data flow through their servers. Web users and, of course, their data were viewed as a product for larger companies to buy and sell and target with advertising.

Web 3.0—the new iteration of the web—will look to revert the user’s role and give ownership of their data back to them.

Web 3.0

The core of Web 3.0 comes from decentralization. While Web 2.0 pointed to single data repositories to gather and retrieve information, the new iteration will point towards multiple node points using blockchain technology to validate and store not only data but transactions as well. This is why cryptocurrency is an essential part of this rendition of the web, as well as artificial intelligence and machine learning to provide every unique user reliable connection and content consumption.

The software development industry is known for rapidly adapting to new situations and such will be the case with Web 3.0. Powerful tools have been developed around existing blockchain technologies to enhance the developer experience and integration into the Web 3.0 space, such as Solidity, a programming language to deploy smart contracts into the blockchain.

Web 3.0—the new iteration of the web—will look to revert the user’s role and give ownership of their data back to them.

Web 3.0 is at its infancy stages and will continue to grow at a fast pace. User adoption is a key component to the new technology, but so is developer adoption. New tools and processes will be built that are solely focused on Web 3.0, and decentralized apps that will be more user-centric will have a large-scale impact on investment and the way we move forward with the web development space.

It’s a new and exciting time for both users and developers as web technology continues to evolve and change the way we live.

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