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In this series, we’ve talked about Web3 and its potential to change the Internet as we know it. We want to give a more comprehensive overview of what this future could look like. To do that, we must first understand two crucial concepts: the semantic web and sovereignty.
The Semantic Web is an extension of the current World Wide Web in which information is given a clear meaning, allowing computers and people to work together better.
In simple terms, the Semantic Web is a way to make data on the Internet more understandable for machines. Why is this important? Look at it this way: Right now, the Internet is very good at delivering information (web pages and videos, for example), but it’s not very good at understanding the relationships between that information.
The Semantic Web aims to change that by standardizing the way data is described on the Internet. This makes it easier for machines to find and use information.
Currently, most of the data on the web is unstructured, which means it is difficult for machines to understand. However, the Semantic Web allows this data to be structured in an easier to understand way.
So how does Web3 fit into this? We will discuss a future where the Semantic Web and Web3 come together to create a new type of Internet – one that is more intelligent and interactive than anything we’ve seen before.
The semantics of the internet
When you look at the history of the internet, it’s always about connecting people. It used to be about connecting computers so that people could communicate with each other. As the web evolved, it was all about connecting people with information.
Now, with Web3, the focus is once again shifting to connecting people. This time, however, there is a twist. Web3 is not only about connecting people, but also about connecting data.
The semantic web is an important part of this, as it makes data better organized and easier for machines to understand. This will enable a new level of human-machine interaction that we have never seen before.
In the future, the Internet will be much more than just a way to find 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, sovereignty is another key concept that will determine the future of the internet. This is the idea that individuals have the right to self-government.
This concept is particularly relevant in today’s world because of the increasing concerns about data privacy and security. With Web3, individuals have more control over their personal data than ever before.
They can choose what information they share and who they share it with. This makes for a more private and secure internet, one that is more attuned to the needs of individuals.
In our previous articles, we talked about privacy and security being two of the most important issues Web3 will address. However, sovereignty is much more than just data privacy and security. It is about giving individuals the power to determine their own destiny.
In the future, we will see a shift from centralized systems to decentralized systems. This means that instead of a few big companies controlling the internet, it is controlled by many different individuals and organizations.
This will create a more democratic internet that is better able to meet the needs of its users in a way that is much more profound than what today’s Big Tech can provide. It is not just about meeting the 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. It has connected people from all corners of the world and given them a voice that can be heard all over the world.
It has also revolutionized industry, transforming the way we do business and creating entirely new industries. In the future, 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.
What’s the difference from the current iteration? It will return the internet to its original purpose – a decentralized collection of information and people – but this time using semantics to make it more intelligent and with the added element of sovereignty to give individuals more control.
What challenges does this pose? The challenges will come in the form of implementation. For example, the scalability problem of blockchains will need to be addressed to really get Web3 off the ground. 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 currently being built. We looked at the key concepts that will shape its development, as well as the challenges and opportunities it presents.
We’ve talked about the demise of Web2 and the rise of Web3, how privacy has become a major concern in the digital age, and how sovereignty will give individuals greater control over their personal data.
We also talked about how Web3’s economics makes much more sense when it comes to making finance accessible, removing geographic silos for startups — and how the new internet will ultimately shape industry and society.
If there’s one thing you can get out of this innovation, it’s that it’s forever extensible, and with Web3, we’re just entering a new era of possibilities for the web. In the early 1990s, the necessity of the Internet was often mocked, but as you can see today, it has become one of the most important infrastructures in our society.
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 very exciting indeed.
Daniel Saito is CEO and co-founder of StrongNode.
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