Minima blockchain chief: how to live in Web3

As we start to think about Web3 with its prolific use of decentralised distributed ledger technologies such as blockchain, ‘simply’ peppering in some decentralisation does not necessarily guarantee graduation to this new tier - the deeper structural arguments are wider and worth knowing as the web itself now unfolds a new set of petals.

Businessman steps into Future Door concept, moving forward to new Web3.0 & blockchain

The internet is changing. One of the next major change factors for many that specialise in this space is the emergence of the third age of the web, but we need to be careful with our nomenclature and definitions here.

Starting at the dawn of time (roughly 1990) Web 1.0 was a basic offering with static pages. Following in sequence, Web 2.0 (coined in 1999, but really only developed in the first half-decade after the millennium) was when we began to think of the web as a platform; the user-generated content that typifies this era is why we also call this the ‘participatory web’.

Finally, for now, we come to the Web 3.0 era, the current period that describes how we are working to make the web’s data more machine-readable and hence more intelligent in terms of its own self-serving.

From Web 3.0 to Web3

This is where we need to take extra care. While we know that Web 3.0 (also known as the semantic web) is really focused on autonomous intelligence, we also have Web 3 or web3 (annoying sometimes also known as Web 3.0) which is concerned with creating a web with decentralised distributed ledger technologies, obviously including blockchain.

If this is how an important arm of the internet itself is going to function, then what should we know about how to work with it? Paddy Cerri says that in reality, the concept of Web3 is structural i.e. it’s about how things are developed, rather than how things are marketed to us users.

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