Is Web3 the Future of Technology? Exploring this Emerging Technology in Simple Terms

Data control and privacy is not just about breaches but disclosure, biases, and monetization by big players. Web3 aims to eliminate this bias and implement internet-based web traffic that allows everyone’s control. The goal here is to create an environment of privacy and fairness.

?The French company Metavisio recently announced the launch of a Web3 computer soon. Although they didn’t give an exact date, this will change the narrative, eliminating the unfair control by big companies. Let’s explore Web3 in simple terms.

When did Web3 start?

?The active use of the internet started in the 1990s, and that’s when the Web3 journey started. This new technology was known as Web1 then. Platforms like social media were not heard of and the apps people use today were not there. People could visit websites and read information but could not engage with the site to write feedback.

?Later, Web1 evolved into Web2, the technology in use today. This technology attracted innovations like social media, e-commerce, apps, and games. People could now watch content, interact with it, share, write feedback, and shop online.

?This development was good but unfortunately, it gave the big companies an upper hand in data use and management. These big players decide what information to collect, how to use it, and even monetize your data.?

What solution does Web3 bring on board?

?The world is quickly progressing into the Web3 era where people will experience more freedom with their personal data. Under this era, the big players will not store your data but you will own this right. But, how is this possible? Decentralization is what will make this possible. Under this system, all control is taken away from governments and big companies and vested into your hands.

?A decentralized system is a shared network joined by millions of tightly chained computers. This system boosts your privacy and data security by increasing transparency. Everyone can see the data but they cannot change it. This system will restore the data to you, letting you take full control of your online life.?

Is a Web3 computer different from Web2 devices?

?Metavisio, a French company recently announced the launch of Web3 computer, the first of its kind. Its outward look is not different from modern computers. The difference is in its operating system and software since it is designed to run on Web3 technology.

That computer is designed to run on dApps (decentralized apps) and has advanced security features. These apps run independently from a central server and contain tools for digital money management. These tools make this computer perfect for managing cryptocurrency transactions.

?How do the operations of a Web3 computer work?

?A Web3 computer works like your digital vault for money because it contains crypto wallets built into its operating system. These wallets are embedded within your computer’s hardware, letting you manage your digital money with ease. Its dApps do not run from a central server like the way apps like X, WhatsApp, and Meta run today.

?Since they are decentralized, these apps run on multiple blockchains. This empowers you with direct access to your apps letting you bypass the middleman. That means your privacy is guaranteed, allowing you to manage your customized apps without ads or spies.

?This computer comes with a DID (decentralized identity), letting you browse the internet or use apps without sharing your information. This further protects your online privacy and security, giving you more online freedom.

?How does Web3 and data privacy work?

?The Web2 environment favors the big companies that own and manage online servers. Companies like Google, Apple, and social media platforms have full access to your personal data. They use cookies to store your online behavior, and personal, and friend’s data. They keep track of your shopping behavior and send product recommendations.

?Once you accept cookies, these companies share your data with different entities. The worst thing is that you will never know who they share your data with and to what extent. These server managers even make profits by sharing your personal data. The Web3 environment is different because it promotes transparency in everything it does.

?You can verify the movement of your data and view all that happens with it. This environment empowers you by letting you own your data and decide what happens with it. You have the power to limit or allow permissions. Data in this system is stored in multiple places, which limits breaches and hacking.

?How does Web3 affect your business?

?Web3 lets your business run on a transparent blockchain that you can track. It lets you track your supply chain to ensure it is transparent and ethical. You have the power to discontinue a supply chain that ignores ethics and sustainability. For example, it is easy to see a supplier who exploits workers, employs children, or ignores the environment.

This system supports better service delivery and customer relationships. It promotes a reward system where customers can receive rewards in terms of tokens and redeem them later. Your business can create NFTs and directly sell them to fans on this system. It gives you more control of your business by eliminating middlemen.

?Does Web3 render current technologies obsolete?

?Web3 will not make current technologies obsolete but will improve them instead. For example, financial institutions can integrate blockchain to boost transaction speed. Streaming platforms can use Web3 technology to create a more vibrant creator’s environment.

?The key difference will be eliminating centralized servers and migrating them into a decentralized system. Some centralized systems, however, will still work seamlessly on the dApps system.

?What about governments? Will Web3 affect them?

?Web3 will change the way centralized governments work. For instance, this technology will provide transparency in voting systems, ensuring votes are not tampered with. dApps will be widely distributed, making it harder for governments to monitor and regulate them. This system will provide more transparency in government spending.

?People will see how they are taxed and the way governments spend money. This will limit corruption cases and give the citizens a greater say. Governments have a big role to play, ensuring they balance innovation and responsible use of technology.

?Moving forward, where is Web3 headed?

?People will soon innovate more blockchains and integrate them into the existing blockchains. This will make Web3 widely accessible and cheaper for everyone. People are already learning about this emerging technology and its adoption will soon increase. Creators like software developers, artists, and writers will be empowered more by this system.

?This will be able to monetize their creations and earn directly from their audiences. Blockchain requires less energy which will help money. Experts predict this technology will be the norm within the next decade.?

Conclusion

?Web3 has been viewed as a technology for the future by many critics.? The recent announcement of a Web3 computer changed this narrative. This new system is now viewed as today’s tech and could be fully adopted within the next decade. Experts predict this technology will change everything, from business to government operations and people’s daily lives. There are challenges to address but these will not prevent the world from moving into the next level of technology.

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