FOR some experts, Web 3.0 is just a buzzword to get people talking. For others, it's a revolution already underway. But what does this term really mean, and will it really revolutionise the internet?
Whether it's a mere buzzword or a real revolution, Web 3.0 seems to be a term that's on everyone's lips. With the web celebrating its 33rd anniversary, the internet has become essential for many of our day-to-day activities. So much so that it's hard to believe that we could ever really disconnect. And even more so when tech giants are gathering more information and data every day to make us stay online and consume more. So is an update really in order? There's every indication that real change is coming with blockchain technology and decentralized solutions. Simply put, power would not be held by a single entity, but by a set of unbreakable nodes to obtain 100% verifiable information.
The term web 3.0 can be traced back to 2006, where it is vaguely defined in a New York Times blog post. More recently, Gavin Wood, co-founder of Ethereum and creator of Polkadot published a blog post titled "What Web 3.0 Looks Like." Gavin Wood's vision qualifies Web 3.0 as "post-Snowden," where we must no longer entrust all of this information and data to centralized solutions (in this case, the big tech or so-called GAFA companies). We should instead protect ourselves from overly greedy corporations or even from various governments ready to act in the shadows to recover information.
"Even pre-Snowden, we had realized that entrusting our information to arbitrary entities on the internet was fraught with danger. However, post-Snowden the argument plainly falls in the hand of those who believe that large organizations and governments routinely attempt to stretch and overstep their authority," explains Gavin Wood in his blog post.
Generating wealth
In other words, Web 3.0 could be seen as the answer to abuses of power in our current digital world. The decentralization of information and data is at the heart of this new vision of the internet. While the web was sometimes seen as a "Far West" where (almost) everything was allowed under the cover of a pseudonym or a company, things could well change. Thanks to the blockchain, we could see the dawn of a web with more trust, and thus more value. And painting a picture of this new version of the web would inevitably involve cryptocurrencies, NFTs, the Internet of Things, virtual reality and the cloud.
Cryptocurrencies and NFTs would allow users to generate value easily. Tokens of a work or a currency could be exchanged in exchange for a service in the system or a job.
Web 3.0 would offer a more user-centric environment and the digital giants would lose their dominance. Data monetization would no longer be able to be exploited in the same way, and for many, this would mean a major loss of revenue. Still, the metaverse could offer a significant new avenue of opportunity for large tech companies such as Meta, since the two worlds would complement each other to create a quality digital universe.
ETX Studio
Tue Jan 04 2022
Is Web 3.0 just a buzzword or a real revolution? - Photo by gremlin / Getty Images
NIOSH sedia beri khidmat nasihat depani cabaran perubahan iklim
NIOSH bersedia memberikan khidmat nasihat serta rundingan bagi membantu kerajaan, majikan dan pekerja menghadapi cabaran berkaitan perubahan iklim.
Malaysia negara pertama terima visa haji
Malaysia menjadi negara pertama yang menerima pengeluaran visa haji daripada Kementerian Haji dan Umrah Arab Saudi bagi jemaah musim haji 1445H/2024.
Menteri Indonesia bincang isu pekerja migran dengan rakan sejawat dari Malaysia
Fauziyah harap Steven akan membawa penambahbaikan kepada dasar berkaitan tenaga kerja Indonesia.
Pahang peruntuk RM1.5 juta bantuan tunai bakal jemaah haji
Sebanyak 1,588 jemaah haji Pahang menerima sumbangan 'duit poket' berjumlah RM750 seorang bagi membantu meringankan beban bakal haji dalam melakukan persiapan melaksanakan rukun Islam kelima itu.
PRK Kuala Kubu Baharu: Pengundi jangan mudah percaya taktik fitnah - Ramanan
Ramanan berkata pengundi perlu lebih berhati-hati, dan sentiasa menyemak fakta apabila mendengar kempen politik yang dilakukan pihak lawan.
KEDA berhasrat tanam padi wangi, padi huma tahun ini
Lembaga Kemajuan Wilayah Kedah (KEDA) berhasrat membangunkan tanaman padi wangi dan padi huma di beberapa kawasan pertanian dalam wilayahnya, tahun ini.
Mesyuarat perundingan Enam Pihak Arab bincangkan perkembangan di Gaza
Mesyuarat perundingan Jawatankuasa Enam Pihak Arab itu membincangkan perkembangan serangan Israel ke atas Semenanjung Gaza.
Chegubard didakwa di Mahkamah Sesyen KL esok - Peguam
Badrul Hisham Shaharin atau dikenali Chegubard akan didakwa di Mahkamah Sesyen Kuala Lumpur esok atas pertuduhan memfitnah dan menghasut.
Pulau Pinang, kerajaan pusat bekerjasama tarik pelaburan semikonduktor
Kerajaan Pulau Pinang akan bekerjasama dengan Kerajaan Persekutuan untuk meneruskan usaha menarik pelaburan dalam sektor semikonduktor, termasuk segmen reka bentuk litar bersepadu (IC) di negeri itu.
Rakyat Malaysia di Jordan jadi duta produk PMKS negara
Menteri Pembangunan Usahawan dan Koperasi Datuk Ewon Benedick menyarankan rakyat Malaysia yang menetap di Jordan supaya memainkan peranan sebagai “duta” untuk mempromosikan produk perusahaan mikro kecil dan sederhana (PMKS) SERTA koperasi negara.
UK pertimbang haramkan media sosial untuk pengguna bawah 16 tahun
Kerajaan UK kini dalam proses mempertimbangkan untuk mengehadkan media sosial ke atas pengguna bawah 16 tahun termasuk mengharamkan terus.
Internet pantas di kawasan Felda bantu peneroka pasar produk - Ahmad Shabery
Perkhidmatan internet pantas dapat meningkatkan ekonomi digital seperti membantu peneroka memasarkan produk dan terlibat dalam e-dagang.
KKD, KPT laksana tindakan segera pastikan kesalinghubungan di kampus semakin baik
Katanya, isu utama mengenai kesalinghubungan di kampus adalah berkaitan jalur lebar talian tetap di dalam bangunan dan asrama.
Pakej jalur lebar RM69 inisiatif terbaik turunkan kos sara hidup
Pakej itu dilihat berpatutan dan memberi peluang kepada golongan rentan yang mahu melanggan pakej Internet pada harga lebih murah.
Kualiti internet menurun, Malaysia masih dalam kedudukan 40 terbaik kesejahteraan digital
Indeks Kualiti Hidup Digital ialah kajian yang dilakukan bagi menilai kualiti kesejahteraan digital di 117 negara atau 92 peratus daripada populasi global.
Gagal beri perkhidmatan bermutu, pembekal Internet berdepan tindakan - MCMC
Suruhanjaya Komunikasi dan Multimedia (MCMC) akan mengenakan tindakan kawal selia terhadap pembekal yang didapati gagal menyediakan perkhidmatan Internet berkualiti.
Rusia hadkan akses terhadap Google News
Sejak bermulanya pencerobohan ke atas Ukraine pada 24 Feb, kerajaan Rusia telah mengetatkan kawalan terhadap maklumat di Internet.
Dewan Rakyat: SKMM buka 20 kertas siasatan terhadap pembekal perkhidmatan mudah alih
Satu kompaun ditawarkan berjumlah RM60,000 manakala satu lagi sedang diproses dengan jumlah sebanyak RM20,000.
Uma Akeh pedalaman Miri sudah ada internet, pelajar boleh PdPR, petani boleh pasarkan produk
Kira-kira 800 penduduk Uma Akeh, Long Lama cukup gembira apabila kawasan perkampungan mereka kini mempunyai capaian jalur lebar.
PRN Sarawak: SOP baik, namun perlu tambahan untuk elak penularan COVID-19 - Dr Malina
Secara keseluruhan, SOP PRN Sarawak adalah baik, namun, masih ada risiko yang perlu diambil kira seperti ceramah dan ziarah dari rumah ke rumah.