Dear Yusuf,
1. Ownership of information or data:
End users regain full ownership and control of their data and have the security of encryption. Information can then be shared on a permissive/need basis or on a case-by-case basis. Currently, large organizations such as Facebook and Amazon have a large number of servers that store personal information such as income, interests, dietary preferences, credit cards and the like. The data is collected not just to enhance their services, but it is sold to advertisers and marketers who pay billions of dollars a year.
2. Access to information:
One of the most important benefits of Web 3.0 is the shift to being able to access data from anywhere, largely driven by the heavy use of smartphones and cloud applications. Our vision is to ensure that users can access information as much as possible from anywhere in the world. The technology aims to extend the idea in a way that allows devices to collect user data and allows smartphones to access data on computers.
3. Elimination of central control points:
Blockchains like Ethereum provide a trusted platform where data is fully encrypted and rules are unbreakable. Thus, intermediaries are eliminated from the equation. Apple and Google will no longer control user data. No government or entity has the ability to kill services and websites, and no individual has control over the identity of others.
4. Blockchain without permission:
Anyone can create addresses and interact with the blockchain network. Access to the unprivileged blockchain cannot be overemphasized. Users will not be restricted by their income, geography, orientation, gender or a range of other demographic and social factors. Digital assets and wealth can be transferred efficiently, quickly and across borders anywhere in the world.
5. Uninterrupted service:
Account suspensions and distributed service denials were significantly reduced. Since there is no single point of failure, service disruption will be minimal. Data will be stored on distributed nodes to ensure redundancy, and multiple backups will prevent seizures or server failures.
In conclusion, Web 3.0 knowledge management should produce an exciting, game-changing environment – the Social Semantic Web. However, the technology is still in its early stages, but if you've used Google Search recently, you know Google has used natural language to find the answers to your questions. So you've already experienced the revolutionary benefits of the next chapter in the World Wide Web (WWW) story.
Thanks.
