The term Web 3.0 (or Web3) is on everyone’s lips and is currently one of the most exciting visions in the IT sector. In short, it is a decentralized, user-controlled version of the Internet. A brief look back: The period from 1991 to 2004 is now known as Web 1.0, which was primarily about information consumption via static Internet pages.
With Web 2.0 (or the Social Web), several Internet giants such as Google, Facebook, Amazon and Twitter have emerged to dominate the web. The third stage of evolution is to replace this system, controlled by a few platforms, with a network of independent computers so that each user can fully control their own data.
Blockchain as the driver of the future of the Internet
This will be made possible by exchanging data using blockchain technology – even independently of NFTs or cryptocurrencies. Primarily, it is about controlling information and organizations in a decentralized way and not giving them information sovereignty over user data. In short: mutual, rather than unilateral, control. This limits the power of large platforms, promotes security and should generally make the Internet more democratic and fair.
However, this concept still remains largely a vision, but it will certainly become increasingly tangible in the coming years.