Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and gain efficiencies by improving and scaling citizen developers. look now.
In this series, we talked about Web3 and its potential to change the Internet as we know it. We want to provide a more comprehensive look at what that future might look like. To do this, we must first understand two crucial concepts: the Semantic Web and sovereignty.
The Semantic Web is an extension of today’s World Wide Web in which information is given a well-defined meaning, better enabling computers and people to work cooperatively.
Simply put, the Semantic Web is a way to make data on the Internet more easily understood by machines. Why is this important? Look at it this way: currently, the Internet is very good at providing information (web pages and videos, for example), but it is not very good at understanding the relationships between this information.
The Semantic Web aims to change that by standardizing the way data is described on the Internet. This will make it easier for machines to find and use information.
Currently, most data on the Internet is unstructured, which means it is difficult for machines to understand. However, with the Semantic Web, this data can be structured in a more easily understandable way.
So how does Web3 fit into all of this? We’ll discuss a future in which the Semantic Web and Web3 converge to create a new type of Internet that’s smarter and more interactive than anything we’ve seen before.
The semantics of the internet
If you look at the history of the Internet, it’s always been about connecting people. In the beginning, it was about connecting computers so that people could communicate with each other. Then, as the web grew, it was about connecting people to information.
Now, with Web3, the focus is on connecting people to each other. However, this time around there is a twist. Web3 is not only about connecting people, but also about connecting data.
The Semantic Web is a key element of this because it allows data to be better organized and more easily understood by machines. This will enable a new level of interaction between humans and machines that we have never seen before.
In the future, the Internet will be more than just a way to search for information or communicate with friends. It will be a living, breathing entity that is constantly learning and evolving.
The sovereign web
In addition to the Semantic Web, another key concept that will shape the future of the Internet is sovereignty. It is the idea that individuals have the right to self-government.
This concept is especially relevant in today’s world due to growing concerns about privacy and data security. With Web3, individuals will have more control over their personal data than ever before.
They will be able to choose what information they share and with whom they share it. This will create a more private and secure Internet that is better suited to the needs of individuals.
In our previous articles, we’ve talked about privacy and security as two of the main issues that Web3 will address. However, sovereignty is much more than privacy and data security. It is about giving individuals the power to control their own destiny.
In the future, we will see a shift from centralized systems to decentralized systems. This means that instead of a few large corporations controlling the internet, it will be controlled by many different people and organizations.
This will create a more democratic Internet, better able to meet the needs of its users in a much deeper way than today’s Big Tech is able to provide. It’s not just about meeting demand for certain products or services, but about empowering individuals to create their own solutions.
How will the new Internet shape industry and society?
The internet has shaped the trajectory of humanity in ways that were once unimaginable. He has connected people from all corners of the globe and given them a voice that can be heard around the world.
It also revolutionized the industry, transforming the way we do business and spawning whole new industries. Going forward, the internet will continue to shape our world in ways we can’t even imagine.
The convergence of the Semantic Web and Web3 will create a new type of Internet that is more intelligent, interactive and sovereign than anything we have seen before. This new Internet will have a profound impact on society and industry, shaping the way we live, work and play.
How is this different from the current iteration? This will bring the Internet back to its original purpose – a decentralized congregation of information and people – but this time with the help of semantics to make it smarter and with the added element of sovereignty to give individuals more control.
What challenges does this present? The challenges will come in the form of implementation. For example, the blockchain scalability issue will need to be resolved for Web3 to really take off. But these challenges are not insurmountable, and they pale in comparison to the potential benefits that this new Internet will bring.
The future of the internet
This Web3 series was an exploration of the new Internet being built. We looked at the key concepts that will shape its development, as well as the challenges and opportunities it presents.
We talked about the extinction of Web2 and the rise of Web3, how privacy has become a major concern in the digital age, and how sovereignty will give individuals more control over their personal data. .
We also explained how the Web3 economy makes much more sense when it comes to making finance accessible, breaking down geographic silos for startups – and how the new Internet will ultimately shape industry and society.
If there’s anything you can take away from this innovation, it’s that it’s expandable forever, and with Web3, we’re only at the beginning of a new era of possibilities for the Internet. In the early 90s, the need for the internet was often scoffed at, but as you can see today, it has become one of our society’s most important infrastructures.
The same will happen with Web3: it will slowly shape every aspect of our lives in ways we can’t even imagine. So stay tuned, because the future is going to be really, really exciting.
Daniel Saito is CEO and co-founder of StrongNode.
DataDecisionMakers
Welcome to the VentureBeat community!
DataDecisionMakers is where experts, including data technicians, can share data insights and innovations.
If you want to learn more about cutting-edge insights and up-to-date information, best practices, and the future of data and data technology, join us at DataDecisionMakers.
You might even consider writing your own article!
Learn more about DataDecisionMakers
#Semantic #Sovereign #Web #Complete #Picture #Future #Internet