Web 3: The Dawn Of A New Era
The story of the internet is fascinating. What originally started as a research collaboration between the United States, United Kingdom, and France has led to humanity being interconnected as never before. The Dot Com boom of the late 1990s saw some of the greatest fortunes made. This interconnectivity made possible some of the most groundbreaking technological leaps in history.
The internet as we know it has entered its late maturity and, as with most things, is evolving. The relative ease of access to ideas and concepts has made possible changes of a tectonic nature, in shorter and shorter time frames. And as world events push people towards greater distrust in both government and the gargantuan conglomerates that affect nearly ever aspect of their lives, decentralization has been brought to the forefront.
The concept of decentralization is relatively simple: power and authority is deconsolidated from a small few and reallocated to the many.
Where Web 2.0 was read-write, Web 3.0 will be read-write-own. And this is on-trend with the growing popularity of the decentralization movement. Consider for example how individual ownership is currently defined. You can purchase a car, but that only grants you access to its use. You don’t own any of that vehicle’s proprietary technology. You can do with the vehicle as you wish — you can drive it, destroy it, sell it for parts, transfer ownership to another party. But in terms of true ownership, nothing about that car is really truly yours. The manufacturer owns the patents on its proprietary technology, the government can seize it if you fail to pay taxes and registration — in short, another party will always have a vested interest in what you consider to be “your property.”
Web 2.0 enabled people to contribute to a vast information ecosystem. Algorithms became smarter and were able to sort through this information at incredible rates, making connections and creating a “smarter web.” But Web 2.0’s capabilities are capped, technology has grown up around it that has rendered even the most impressive algorithms relatively obsolete. The growing role of artificial intelligence is a perfect example of this.
Artificial intelligence (AI) has enabled technology to move from the rigidity of logic and rules, towards more human-like thinking: abstraction, innovation, and creativity. Where before a machine was only capable of creating a rendition based strictly on predefined inputs, artificial intelligence in essence co-creates with its human counterpart. More and more we see the inclusion of AI into daily life.
Web 3.0 will make use of AI to analyze all of the data that will make up the Web 3.0 ecosystem — imagine it, all the data of the internet analyzed, categorized, and organized in ways that will accelerate technology as never before. Even with current search algorithms as good as they are, all to often is the case where we cannot find exactly what we’re looking for. AI will bring an end to this, enabling everyone to access exactly what they need — when they need it.
There’s a gold rush of opportunity in both blockchain and Web 3.0 — this is where the new wealth will be created. Don’t miss your chance.