WEB 3
Web 3 has the potential to disrupt and usher a paradigm shift. The principals of decentralized, openness and increased consumer usefulness of web 3, it is also knowns as the next step of thew development of the internet. In other words, it’s the new kind of internet that could almost accurately translate what u type and understand what u say, despite being a text, voice, or others. Whereby all the content are more personalized.
Technology Behind WEB3
Open – open source software will be used to build content platform
Trustless – Everyone will use rely less on trust & network protection will reach its peak
Distributed – interaction between device, users & service will be possible without a centralized authority
Blockchain technology will be able to make it possible for users to communicate directly with one another which suggest evolution of the web. Users will be able to communicate by participating in Decentralized Autonomous Organization (DAO)
When a user signs in via web 3 utilizing Dapp, any data that is produced from the user will belong to user via an open network of smart network that integrate and store on the blockchain.
What is Web 3?
It a sematic web with intelligence, self sufficient & open net that employ AI & machine learning to function as a global brain which interpret content conceptually & contextually. Technological challenges have posted certain constrains in converting human language to computer language. With due evolution this may be possible.
Below are the traits that will be integrated into the development of Taughts web3 application:
Web development in online technology that enable users to produce, share and connect material through search and analysis
Utilize machine learning and artificial intelligence. This is one of the final frontiers of web 3 as this allow to develop greater intelligence and more receptive to users demands. This concept is visualized with Natural Learning Process (NLP)
To be able to illustrate how the Internet of Things connects to various application (IoT). This is made possible with semantics metadata that allow for exploration of any available data on the web. Thus, this allows users to access via the internet anywhere with a computer or smart device
Provide users the ability to interact in a private network or public network whilst safeguarding users & providing trustless data
Makes participation easy without requiring consent form governing entity
Financial decentralization. Peer to Peer digital financial transactions, smart contract & crypto
DAO (decentralized autonomous organization)
How it works
Web 3 is the third generation of the World Wide Web, which is characterized by the use of decentralized technologies such as blockchain and peer-to-peer networking. Some potential benefits of Web 3 include:
Decentralization: Web 3 technologies allow for the creation of decentralized networks and applications, which can operate without a central authority or intermediaries. This can increase trust, reduce the risk of censorship, and make systems more resilient to failure.
Security: Web 3 technologies, such as blockchain, can provide strong security features that can protect against tampering and fraud.
Privacy: Web 3 technologies can provide greater privacy and control over personal data, as they allow individuals to own and control their own data rather than relying on centralized organizations to do so.
Interoperability: Web 3 technologies can facilitate interoperability between different systems and platforms, allowing for the creation of a more seamless and integrated online experience.
Decentralized finance: Web 3 technologies, such as blockchain and smart contracts, can be used to create decentralized financial systems and applications, which can increase access to financial services and reduce reliance on traditional financial institutions.
Increased efficiency: Web 3 technologies can enable automation and streamline processes, which can increase efficiency and reduce the need for manual labor.
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