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Web 3.0 is a word assumed first coined by Gavin James Wood, Polkadot creator and co-founder of Ethereum. In 2014, he showed that web 3.0 is a sort of an alternative version of the web where a single provider does not host the services that we use.
It brings to mind the fast pace at which it has revolutionized the internet in the past few decades.
Web 3 is a 3rd revolution of the internet, taking its foundations from Blockchain technology. The first is web 1.0, and the second is web 2.0.
Now let's take a stroll back in history.
It all began in the early 1990s to the early 2000s. Internet services invented by leading companies such as Yahoo and Britannica encyclopedia were static web pages, making it impossible for users to interact with these sites. They were read-only sites, and we're primarily user-friendly. If you were to use such internet services, you could only consume information passively with nothing more to gain. Compartments of web 1 included HTML, IP, URL, and HTTP. Another distinct factor of web 1 is that the internet speed was not as fast as what we currently enjoy on web 2.0 platforms. An example of web 1 is a site that gives obvious information about the site's owner but changes none of that information (it's a static web page). You can't review content or comment, nor could you like or share them like you'd do today on Web 2.0 integrated platforms such as Twitter and Instagram.
At the beginning of the 21st century, different Tech startup companies began building interactive technologies. Companies that rose to prominence include Facebook, Twitter, Amazon, Google, etc. These website services are built on CSS+ and HTML5, which were more sophisticated and developed user-integrated systems. A critical factor of Web 2.0 is that it includes user-user interaction, meaning users can generate content and interact with other users on the platforms. The users could engage with the web services by adding a comment or review on the website. Although Web 2.0 reflects free web services, critics say that users are indirectly paying for using these services through their privacy.
A simple example of this is Web 2.0 platforms like Facebook or Twitter, which provide users with helpful content qualified as fit for their consumption because it keeps track of their data through their platform. They usually get this information through algorithmically mining the user's personal information during users browsing experiences on the internet. These websites would further sell users' data to companies that do target users with various forms of advertisements generating massive revenues for the owners of such services and thereby leaving the user with no monetary rewards.
Critics became very skeptical of these global Tech giants as they had the power to hold user information in a centralized system. So, these companies were the ones who had control and storage of users' information on their servers. It is a considerable risk because few companies hold too much information, making users vulnerable to data breaches, impersonation, and violation of user privacy.
It birthed the concept of Web 3, which is still in its early stages. We can boldly say that the inventory of Bitcoin tends to be a game changer for governments and centralized organizations worldwide. It comprises Blockchain technology, a digital ledger of transactions duplicated and distributed along a network of computer systems on the Blockchain. So, altering or manipulating any transaction or transaction history is much more challenging.
Although Web 3.0 is known by the mass populace to be in its developmental stages, its developers argue that it would probably take many more years to come into reality, as much as a decade or two to actualize its full potential. Companies such as Facebook have already taken steps to integrate Web 3.0 into their systems.
Facebook announced a change of its name to Meta in late 2021, a clear-cut proof that they are planning to bring Web 3.0 into the picture very soon. As we know, Metaverse is an amalgamation of Augmented Reality (AR), Virtual reality (VR), and Mixed Reality (MR) and forms an essential part of Web3.0. It is already incorporating web 3-based technology such as Blockchain technology to provide services and make its platforms more interactive.
Meta CEO Mark Zuckerberg said that although they are a social media company building technology to connect people, the Metaverse will become the next frontier for social networking. According to Mark Zuckerberg, humanity will switch to the Metaverse soon, leaving behind the reality of a world we create and govern entirely.
Walmart-owned Flipkart is to start testing Web 3.0 Metaverse expansion. Flipkart will launch a creative unit named Flipkart lab, which would aid the support of commercial functions in the Metaverse. Walmart recently submitted several U.S trademark filings relating to cryptocurrency and NFTs.
Web 3.0 platforms allow users to be in control of their personal information. For example, its users have the freedom of not accepting the cookies on their browsers that we see in Web 2.0. Since most of these cookies extract information from the unwilling users who are later targeted with marketing ads, it presents quite an advantage to Web 3.0 users. Additionally, anyone from anywhere using the platform can accept any information without waiting for the approval of a Centralized authority experienced in Web 2.0.
Notchup.com is a platform for companies to build and manage borderless tech teams using pre-vetted top talent from across the world. It has aggressively promoted remote working, which is seen as the future of work. Several countries all over the world have legalized remote working. This legalization of remote working implies that it is mandatory for hiring companies to include working remotely as an open option for the employee. Additionally, Web 3.0 brings several benefits for and other users.
1). Worldwide reach:
Anybody can access Web 3 services globally, either by Personal computers, macs, or mobiles.
An essential aspect of Notchup.com is that it uses artificial intelligence to connect natural talents with hiring clients on its platforms by using machine learning to help you search for talents, thereby returning the most appropriate recommendation focused on your needs.
2). Better Safety Measures:
Blockchain technology makes it extremely difficult to manipulate or alter because it stores every transaction in blocked ledgers that keep a record of every transaction. For example, during the 2008 financial crisis, someone bailed out or aided billions of companies with finances from an anonymous source that remains unknown to this day. Blockchain technology makes it a more complex rock to crack because they store the information of all transactions in a decentralized system across different servers worldwide.
Notchup.com is aggressively promoting secure remote work for people worldwide with talent willing to work for various clients. An already established system would process the seamless payment between remote talent workers and their clients. Imagine you're working from another continent, perhaps from Manila, India, and you interact seamlessly with clients and colleagues who are probably living in any part of the world. And the payments are on-time, creating a lucrative and very positive setup.
3). Rewards:
Web 3.0 seeks to create an avenue where users are rewarded simply by using its platforms.
notchup.com intends to achieve this by rewarding participants with Non-Fungible Tokens (NFTs) and cryptocurrencies, a primary marketing strategy of Web 3.0 platforms. notchup.com will employ the "Watch-to-Earn" model, which will make it possible for users to get rewards just by participating in its ecosystem.
4). Enlarged Adjustability and interdependence:
In web 3.0, the connection between users and web services is vast. People will have access to multiple contents at the same time. It allows the internet to process and store data at high speed and can provide users with their relevant choices through the use of Artificial Intelligence (AI) and machine learning. It is only possible because of the Adjustability of Web 3.0 platforms, which will use Blockchain technology.
notchup.com is a flexible user-integrated platform that creates a thriving and workable ecosystem connecting the best-fitted and most skilled talent to meet clients' needs through artificial intelligence and machine learning.
To conclude, Web 3.0 promises users a very innovative, secure, and interactive experience. While it is still in a very inventive stage, the foundation is very much in place, and the completion of the whole structure may be around the corner.
