Web 3.0: Here’s what it is and how it will impact you
Web 1.0 brought us the internet, providing digital information that was searchable. Web 2.0 brought interactivity, the ability to stream content and control its presentation, games we could play, and ways to comment on internet content. Now, Web 3.0 will open up a whole new realm, says Fulton Schools Professor Dragan Boscovic, director of ASU’s Blockchain Research Lab and technical director of ASU’s Center for Assured and Scalable Data Engineering. This big evolutionary step provides us data ownership — enabling stakeholders involved in various internet business ecosystems to retain control over their data and create new business models focused on monitoring that data, Boscovic says. Business competition and new regulatory legislation responding to the new Web 3.0 environment will definitely reshape our tech-based commerce. Boscovic sees the possibility of Web 3.0 accelerating the use of cryptocurrency and eventually leading to a new form of economy driven by these next-generation internet capabilities.