Meet with team smartData

Calendar April 17 - 21, 2023
location Chicago, IL

Web 2.0 affects billions of people across the world through enormous innovation in mobile, social media, and cloud technology. Users absorb information, converse more effectively, enjoy interactive experiences, and contribute content, which may help creators and developers identify areas for development. However, its essential flaws should not be overlooked. Users’ concerns about a lack of control over their personal data, growing government control, and the dominance of a few major intermediaries over online content are well-founded.

Web 3.0 intends to broaden the breadth of internet applications even further. It also strives to solve these issues holistically and by being more human-centric. Blockchain technologies, which enable edge computing and artificial intelligence, will be at the heart of Web 3.0. Decentralized and autonomous data networks, public digital ledgers, peer-to-peer communications, cryptocurrencies, smart contracts, and tokenization will be used in its operations.

This entails:

  • Content is more customizable for users.
  • Users can manage all online activities with just one account, hopping from one platform to the next, shopping, browsing, managing gadgets, and so on.
  • The innovative use of augmented reality, virtual reality, and sensors will improve their online experience, ushering in the era of linked objects

The following are the most important differentiators for users:

  • Ability to develop and distribute customized content
  • Data will no longer be held by a single company, but rather a shared resource generated and owned collaboratively.

The goal of Web 3.0 is to

  • Challenge government-imposed control and the monopolies of huge tech businesses like Google, Facebook, and Twitter by decentralizing and cutting out the middleman.
  • Allow for the emergence and growth of smaller, more diverse businesses in the content-generating sector.
  • Restore user control over the content
  • Manage data as though it were a common resource.
  • Encourage individuals to participate through incentivizing engagement, data submission, and behavior, and creating a sense of earned ownership and worth.

Blockchain is being used to manage individual land records, passports/visas, social security, and apps that intersperse various organizations, such as banking. Web 3.0 strives to bring together the best of both worlds – human-centric and machine-driven – to democratize the internet. It continues to evolve in its quest for breakthrough technology’s next frontier, and it is more likely to cohabit with, rather than replace, Web 2.0 in the near future.

If you’re thinking about starting a project or investing in Web 3.0 technology, smartData and our services can help. Simply contact us or schedule a complimentary consultation with one of our experts, and we’ll start to work on your tasks right away.

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