Right from 1989, when Tim Berners-Lee invented the World Wide Web at CERN to the current times, the web has evolved astronomically. The Web was originally conceived to meet the demand for automated information-sharing between scientists in universities and institutes around the world.
Inspired by what legendary Steve Jobs once said "You can't connect the dots looking forward; you can only connect them looking backwards.", I really find it exciting to look back, connect the dots not just to appreciate how far have we come but also to get a sense of where we are headed to.
Web 3.0 as a buzzword has been around for a while. To appreciate the value that Web 3.0 brings, one has to look at how the Web has evolved through the prior generations- 1.0 and 2.0.
As Jaspreet Bindra summarizes beautifully in his LiveMint article-https://bit.ly/3pocK55 , Web 1.0 served the purpose of sharing information very well but there was one problem- there was no business model around it.
Web 2.0 arrived with two fundamental advances- a) new business models (advertising, marketplaces, shared economy, content, SaaS etc.) and b) increasing centralization of internet (a few companies became powerful intermediaries of data/facilitating user interactions).
With Web 2.0, the internet moved from Read only web to Read-Write web. The advent of Web3 promises to offer an unmediated read-write web – in short, a decentralized Internet. What this means is- Instead of our data and interactions being owned by centralized entities, in Web3, the data is shared.
Web3 focuses on improving back-end functionality (with Blockchain, Smart Contracts etc.), much like Web2 saw a focus on front-end functionality (with Java Script, HTML etc.). Web 3.0 promises to push creator economy (often referred as passion economy) giving individuals potential to monetize their own data and creations.
Below is my #sketchnote explaining the evolution of the web via the lens of key use cases across generations, key attributes, tech buzzword and key focus areas. (Additional Reference: https://bit.ly/3pooSTI)
What aspects of Web 3.0 excite you (or worry you) ? How else can you simplify explaining Web 3.0 ? #web30 #blockchain
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