ALL >> Education >> View Article
The New Industrial Revolution With The Amalgamation Of Web 3.0 With Blockchain
Hey readers!!! We are here to unveil how the mix of web3.0 and Blockchain can bring in a new revolution in the industry. This article will take you through the journey of Blockchain and web3.0 and how their hybridization can lead to some new developments in the industry.
A Quick Snap At Blockchain And Web 3.0
We need to know a bit about both these terms before we go ahead and understand how the blend of two revolutionary technologies can transform the industry. Web 3.0 is the latest internet revolution that we are talking about. Unlike the earlier forms which entailed only readable mode, we now have a more advanced read and write modes working for us.
The next significant development that we are talking about is Blockchain. It is a distributed ledger technology wherein every information is stored as blocks, and the information is encrypted cryptographically. Thus ensuring complete safety of the data.
The assimilation of Blockchain with Web 3.0 can have some positive impact on our daily lives, and that's what we are exploring in this blog.
Web3.0 and Blockchain Technology:
When we talk about Web3.0, we are talking about the advanced as compared to the Web 2.0. If we consider the facto that WWW and Web 2.0 revolution interact, the new Web 3.0 can transform the agreements and value exchange. The latter impacts the data structure at the backend of the internet, thus introducing a universal state and incentivizes the network actors with a token. Web 3.0 overcomes the drawback of the conventional web 1.0 and web 2.0.
Imagine what changes it can bring when we have Blockchain technology working together with Web 3.0. Blockchain's key features and advantages will help in eliminating and fixing all the undermining issues in the older version and presenting a completely new and flawless system that works seamlessly.
Here Are Certain Key Features That You Must Have A Look :
1. A more user-centric decentralized network
2. The newer version will have user privacy as the highest priority
3. Web 3.0 is an open-source and offers faster browsing
4. Blocks unwanted advertisement, thus makes the user experience a good one
5. More transparency
These are certain features and benefits which any user would want to experience while using revolutionary technology, and Web 3.0 and Blockchain offer the same.
Exploring The Different Features Of Web 3.0:
Secured And Decentralized Exchange- When it comes to the exchange of currency, the decentralized approach works the best. Web 3.0 has a decentralized exchange, thereby ensuring a seamless user trade experience. Besides, the information remains completely secured, thus ensuring complete safety, transparency. It will give complete control to the user over funds, and one also doesn't have to worry about data tampering. Blockchain platforms like EOS, Neo, and Etehreum are going to make Web 3.0 more useful.
Ensures confidentiality- Another reason which makes Web 3.0 more useful is that it guarantees complete confidentiality of information. Thereby ensuring safe data transmission. The conventional system that we are using, like Google or Facebook, is working on a centralized approach, but with Web3.0, this is going to change. The decentralized apps or Dapps is the new trend that we are talking about. Since there will be no middle-man, the monopoly won't exist. It will be a fair market.
Interoperability – Web 3.0 will allow the user to access data via different applications without depending on any particular platform. This curtails the need to be dependent on a single device. Various devices can access web 3.0.
No Ruling Authority And a Permissionless Blockchain- One of the most significant changes that Web 3.0 is bringing to us is that there is no need for a central authority. Everyone gets an equal and fair chance to participate in the network. This platform will allow smooth transfer of digital assets across the borders and at a much faster pace. All this is because the newer web version is not dependent on any third party for validation and approval. This eventually saves time and cost, which otherwise goes in the form of fee or commission.
Semantic Web- The new web version is going to work more like a human. There will be a lesser prevalence of keywords, page authority, or domain authority. Semantic web is something that we are going to see in the times to come. It will lead to a blend of AI and ML techniques and teach the system to understand data and how it behaves.
Web 3.0 is going to change the industry forever. We are going to see its use in sectors like banking, healthcare, social media, online video streaming, and various other platforms. It won't be wrong to state that this is going to form the base for a new change and revolutionary change in the way different business operations used to perform.
Blockchain and Web 3.0 aim is to introduce decentralized platforms of data exchange. We can quote many examples here, stating how Blockchain and Web 3.0 are impacting our work. Some of the examples that we would like to give here are Akasha for social media, UJO music for online music streaming, and Storj for storage. Some of the examples of decentralized apps, and we are going to see many more of these in the times to come. However, it will take some time for this to become a part of the mainstream industry.
For more such unique and interesting updates on Blockchain technology and online Blockchain certification program, keep coming back to Blockchain Council.
Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology “Blockchain”. Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally. Visit here for more details@https://www.blockchain-council.org/
Education Articles1. 7 Compelling Reasons To Introduce Robotics In Academia
Author: Ankur Anand
2. How Gruelling Is The Admission Process For Rv Engineering College?
3. Neet Preparation Tips During Coronavirus Lockdown
Author: Richa Ahuja
4. Tips For Effective Time Management For A Student
Author: Srasti Trivedi
5. Rbi Grade B Exam Date
Author: Anuj Jindal
6. Developing Spring Boot Application And Learning Core Features
Author: Abhinav cynix
7. Role Of Blockchain Technology In Business
Author: Block chain council
8. Data Science Blog
Author: Ritika Singh
9. How To Choose A Specialization In An Executive Mba
10. Best Practices To Implement School Software Successfully
Author: Academy Front
11. What’s The Future Of Engineering Education In India?
12. 5 Year Integrated Ba Llb Course
Author: SLS Hyderabad
13. Factors Why You Should Give Some Thought To Frequent Company Training For The Employees
Author: Akash Bhowad
14. Why Investing In A School Management Software Will Make You Future Ready!!
Author: saloni shah
15. Scope Of Information Technology