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The internet has undergone many stages of evolution over the past few decades. The current version, known as Web 2.0 (Web2), enables users to generate and share content. But Web2 lacks the functionality needed to truly address the needs of users and doesn’t give them control over who can access their data.
Web 3.0 (Web3) is the upcoming version of the internet and could fill the gaps left by Web2. Though Web3 has not yet been fully implemented, software companies can get started with it by creating decentralized applications (DApps) and by incorporating artificial intelligence into those applications.
Currently, the architecture of Web2 involves centralization. For example, when you write a blog post on a website, you interact with the website’s front end, which communicates with the back end and then with the site’s database.
The code involved in the communication between a website’s front end and back end is hosted on centralized servers and sent to users via a web browser. In Web3, a centralized server doesn’t exist where the back-end logic is housed.
Web3 represents the next stage in the evolution of the internet. The main benefits of Web3 are transparency, security, and personalization.
Instead of using HTTP in the form of unique web addresses on a central server, Web3 allows information to be stored in multiple locations at the same time. This would ultimately take control away from major internet companies and give users control over their data.
Web3 is a new kind of internet that features blockchain components such as public key cryptography. Web developers can implement public key cryptography in web software applications to give users more privacy and control over their data.
Artificial intelligence (AI) will also play an important role in Web3. While AI elements are already used in Web2, Web3 will include AI-powered decentralized applications (DApps), and those DApps could be used to create personalized experiences for users. Overall, AI features will make it possible to better understand the needs and preferences of users.
In Web2, there’s no consistent way to give users a unique digital identity. The OAuth protocol is currently used as an authorization tool for securely logging in to web-based services.
But, this protocol shouldn’t be used worldwide as a digital identifier. The reason is that an individual’s digital identity and data shouldn’t be owned by a third party.
With Web3, there’s an alternative. Web3 is based on the use of blockchain technology, and one of the key elements of blockchain technology is public key cryptography, a security protocol that’s used to safeguard data on blockchain networks. Through public key cryptography, it’s possible to enhance web software applications in such a way as to give users more control over who has access to their data.
Cryptography is the encryption or decryption of information to prevent unwanted access to data or information. Cryptography ensures the security of a blockchain, which is a digital ledger comprised of records known as blocks. And, an essential aspect of Web3 is the secure storage and transmission of the data comprising those blocks.
In Web3, web developers can implement public key cryptography through the use of digital wallets that allow people to identify themselves via a private key. The private key is owned by the individual instead of being provided by a corporation via an OAuth2 login. This individual ownership of the private key allows users to safeguard their identity.
One of the core features of Web3 is AI, which can enable web software applications to understand information like humans and can be used to optimize those applications by enabling them to make better sense of the needs and preferences of users.
While Web2 possesses many advanced features, software companies recognize the fact that there’s a need to use AI to improve web software applications. But, these businesses might lack the knowledge needed to implement AI.
Experienced software development companies can implement AI. They employ highly skilled developers who know a wide array of coding languages. The AI features in Web3 can be implemented through Java, an extremely powerful object-oriented programming language.
Java can be used for machine learning solutions, search algorithms, and neural networks. All these capabilities can be used to help bring AI to the web software applications that will be part of Web3.
Though Web 3.0 offers greater utility, there are still potential risks to using the underlying technologies.
While technological advancement is crucial, advancement can sometimes come with a price. Web3’s decentralization of the internet is accompanied by increased difficulty in monitoring cybercrime and hate speech. The lack of control within a decentralized structure will make Web3 difficult to regulate.
In addition, cost efficiency, scalability, and accessibility are also obstacles in Web3, making implementation something that will take time.
While it may take time for Web3 to become as dominant as Web2, Web3’s rise to prominence is a certainty. However, AI and blockchain technology can still be implemented in web software applications.
To take advantage of Web3 technology, software proprietors should hire a software development company that understands AI and blockchain technology.
Chetu, Inc. does not affect the opinion of this article. Any mention of specific names for software, companies or individuals does not constitute an endorsement from either party unless otherwise specified. All case studies and blogs are written with the full cooperation, knowledge and participation of the individuals mentioned. This blog should not be construed as legal advice.
Chetu was incorporated in 2000 and is headquartered in Florida. We deliver World-Class Software Development Solutions serving entrepreneurs to Fortune 500 clients. Our services include process and systems design, package implementation, custom development, business intelligence and reporting, systems integration, as well as testing, maintenance and support. Chetu's expertise spans across the entire IT spectrum.
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