The latest Internet technology, Web 3.0, is designed to attain effective human communication in the real world. It leverages blockchain, artificial intelligence, and machine learning.
With Web 3.0, the users will get compensation for the time they will be spending on the web, along with getting the ownership of their data.
Web 3.0 imagines a blockchain technology-based decentralized ecosystem. It marks the successive phase of development of the Internet and will pave the way toward democracy.
Web 3.0 will help in fixing the problems that people face with today’s internet and will provide an escape from the ecosystem that is currently dominated by centralized corporations and giant platforms.
What is Web 3.0?
Web 3.0 is the 3rd generation of the Internet for applications and websites focusing on machine learning and artificial intelligence to gather data and offer a data-driven web.
Tim Berners Lee, the inventor of the World Wide Web, regarded Web 3.0 as the Semantic Web. It is considered a more open, more intelligent, and more autonomous internet.
With the arrival of Web 3.0, the different apps and websites will begin to use technologies like decentralized ledger technology, Big Data, Machine learning, etc to process information in a human-like smart way.
Web 3.0 will turn the centralized repositories into decentralized ledgers.
The third generation of the internet will create a whole new world of opportunities, blending with groundbreaking Blockchain technology, Artificial Intelligence, and much more.
What are the Web 3.0 Trends?
Coming Time will surely introduce new predictions and trends related to blockchain technology and cryptocurrencies.
The technological sector will get revolutionised by Web 3.0. The significant Web 3.0 trends that we can expect in the near future are as follows:
1. Artificial Intelligence
AI is an important Web 3.0 trend. When a system or machine displays behavior similar to humans, then this human-like behavior is regarded as Artificial Intelligence.
It is used in situations where quick responses are required.
Artificial Intelligence facilitates complex problem-solving in the blink of an eye. Machines can instantly and efficiently interpret big data with Artificial Intelligence. No doubt, AI is one of the most crucial advancements of Web 3.0.
Artificial Intelligence is being used widely and is getting more powerful with time due to its close link with human Intelligence.
It is capable of inducing new methods and products in the market with the least challenges.
AI can develop fresh content, including text, video, photographs, and much more, by using various AI technologies and data to relate to people in combination with a variety of Pattern learning techniques.
2. Blockchain-as-a-Service (BaaS)
BaaS is the latest trend in blockchain technology. BaaS is a cloud service model that allows the developers to develop only their applications’ frontend without spending time on maintaining or building backend services, which the vendors provide as a service.
BaaS has been adopted worldwide by several associations. With Baas, customers can create digital products while working with the blockchain.
The whole blockchain infrastructure need not function to create digital goods like decentralized applications (Dapps), small contracts, or other such services.
The blockchain building firms like Amazon and Microsoft offer a BaaS service and thus, are introducing great advances in blockchain applications.
3. Development of Low Code Apps
Nowadays, a strong internet presence has become a necessity for enterprises. Mobile apps being the nearest aspect to an in-store experience, can prove to be extensively beneficial virtual assets for a company.
Web 3.0 has given encouragement to no-code or low-code app creation platforms. These platforms have significantly removed the hurdles that prevent the entry of small enterprises into the market.
Now, anyone with little or even no coding experience can easily create an app with the help of these platforms.
4. Decentralized Social Media Network
Web 3.0 will introduce decentralized blockchain technology in social media platforms so that they can work through incentive structures.
Blockchain technology will efficiently address the various social media concerns such as information relevance, data management, privacy breaches as well as well-known scandals.
Therefore, another emerging technological trend in 2022 will be social media combined with blockchain technology.
This will provide more control and data security to the users and will ensure that the deleted social media data becomes uncopyable and untraceable for anyone.
5. Cloud Technology
In 2021, the cloud emerged as a revolutionary technology. It powered the companies for worldwide operation from any location in the world. Since the pandemic, organizations are continuously shifting towards cloud-native systems for future security.
Earlier companies were using the ‘lift and shift method, where the same institutional procedures were used and relocated to the cloud.
But with Web 3.0, cloud technology will gain dominance and supremacy.
6. 5G Technology
5G technology will ultimately drive all the Web 3.0-related technological advancements as it provides comparatively higher internet speeds and covers a much larger area.
With 5G technology, heavy codes can be easily downloaded in a few seconds.
5G may become the most commonly used type of mobile broadband access by 2022. It may introduce several new methods and channels for the companies to showcase their businesses.
7. Efficient Data Fabric
Data Fabric is a kind of data architecture that builds accessible and flexible platforms by connecting several users and multiple platforms.
It has come as the counteragent to the data silos, which provided very restricted access and often led to the loss of crucial insights.
A data fabric provides more security and efficiency as the data is kept on a safe cloud platform. It ensures the highest level of data encryption, and also the cost of data storage is lowered.
8. Machine Learning
Today, all businesses are completely dependent on data for their effective operation. Data-based decisions are becoming crucial in today’s competitive market.
Machine learning is capable of unleashing the value of consumer and corporate data. Thus, it enables the organizations to make wise decisions to stay ahead in the competition.
Machine Learning largely helps businesses with decision-making. By submitting a huge amount of data to a computer algorithm for analysis and for receiving data-driven suggestions, a user can make smart decisions.
In addition, the algorithm can utilize the data for improving further decision-making in case of any adjustments.
9. Blockchain Interoperability
Blockchain Interoperability refers to the capability of transferring data over several networks and moving particular kinds of digital assets across the respective blockchain systems.
With this feature, the common public can effortlessly access, see, and transfer data and digital assets over several blockchain systems.
For instance, the transfer of data from one ETH network to the other. It can be difficult, but its benefits are worth considering.
10. Internet Of Things
The Internet of things is another significant Web 3.0 trend. It refers to the digitally connected world of things or physical devices.
It allows several businesses and users to connect to the Internet for sharing and collecting data globally.
This process makes the world more responsive and smarter by integrating the real and virtual worlds.
The Internet of things can provide you with critical judgments being more intelligent than the Internet.
In the real world, the use of the Internet of things can be seen in buildings, software, sensors, vehicles, security cameras, etc.
11. Role of NFTs in Web 3.0
Non-fungible tokens will strengthen the Web 3.0 movement. Non Fungible tokens are digital assets that depict real-world things, for example, arts, videos, etc., and are encoded similarly to cryptocurrencies. NFTs are purchased and sold online with cryptocurrency.
Web 3.0 offers a limitless platform to NFTs. With Web 3.0, the creators can easily monetize the non-fungible tokens with open standards due to decentralization.
The creators can more openly associate with the users of their digital collectibles. This will enhance market efficiency.
12. 3D Interactive Features
The various 3D Interactive features for users that are offered by Web 3.0 are making the digital world more fascinating and engaging.
With Web 3.0, the users will be able to communicate and interact in their three-dimensional forms in the online realm. This has made the exchange of ideas simple by providing an option for open conversation and discussions.
The boundary between the online and physical world is gradually collapsing in both e-commerce and geospatial contexts.
With Web 3.0, 3D Interactive Web technology will increasingly incorporate virtual interactions, identities, and much more.
13. Flux
Flux is the next generation of scalable cloud frameworks. It helps you to spawn, manage, and build applications on many servers at the same time. It provides a critical framework for the New Internet.
To build the new iteration of the web, flux attempts to deliver the groundwork for the developers.
FluxOS is a Decentralized operating system that can support building Web 3.0 Decentralized projects and applications.
Conclusion
Web 3.0 has emerged as the result of the need for a decentralized environment. It has greatly impacted both individuals as well as organizations.
Some of the many benefits of the Web 3.0 include Ownership of data, Interoperability, Anti-monopoly and Pro-privacy, enhanced security, greater transparency, instant traceability, automation, increased efficiency and speed, and cloud computing.