Web 3.0 Generation: Optimized Information and High Security

SGGP June 15, 2023 06:14

Web 3.0 users (the third generation of internet technology platforms aimed at creating smarter websites and applications) have maximum control over their privacy, allowing them to decide what information is displayed or hidden. Furthermore, the Web 3.0 environment does not allow third parties to influence or monitor user-generated content or transactions.

A blockchain event held in Ho Chi Minh City (large image) and the differences between Web 1.0, Web 2.0, and Web 3.0 (small image). Photo: TAN BA

Information security

Web 3.0 is a term referring to the next generation of the World Wide Web (web browser) – or, in other words, the place to connect to and use the internet. It's still a very new term, not yet precisely defined, and even ordinary internet users may find Web 3.0 unfamiliar, but it already exists. To understand Web 3.0 fundamentally, we need to look back at the history of previous generations of the web.

The first generation of the web, Web 1.0, consisted of static web pages pre-written by web creators and uploaded to the internet. Users could only read the information provided, meaning interaction was one-way or very limited between the website and the user. Some examples of Web 1.0 include Wikipedia, search engines like Yahoo! and Google, and email. This was followed by Web 2.0, the current generation of the web, which allows users to post content, comment, and interact two-way on social media platforms like Facebook, Twitter, YouTube, and TikTok. With Web 1.0 and Web 2.0, users created accounts with passwords to protect their accounts on each platform, using them for login and access. Recently, the world has witnessed numerous incidents of personal information being used for commercial purposes, causing concern and inconvenience from large platforms like Facebook and Google. Even more dangerous are the malicious actors who steal user information, causing much anxiety among users. These are the limitations of Web 1.0 and Web 2.0.

With Web 3.0, there's a significant difference: each individual will have a unique "private key" to create their own wallet and account just once, and that account can be integrated with any Web 3.0 site for user interaction. The Web 3.0 space is also decentralized, allowing users to directly access information online. Therefore, if Web 3.0 is implemented, the major benefit is that users truly have full ownership and control over their personal information privacy in cyberspace, while eliminating intermediaries who could influence user account information. Web 3.0 minimizes the shortcomings of previous web generations, optimizing access and enhancing security thanks to blockchain technology.

Creating a new economic model

The major benefit of Web 3.0 is the emergence of new models and economies in the digital space. First, there are NFT trading platforms linked to physical items, creating significant added value by verifying the uniqueness of NFTs. Famous fashion brands like Nike, Prada, Gucci, and Louis Vuitton have successfully implemented this model. Online shopping through e-commerce platforms utilizing Web 3.0 also eliminates some obstacles such as paying extra fees for listing items on the platform or relying on third-party payment services, as businesses and consumers now transact directly with each other. Web 3.0 also optimizes the content creation industry. Looking at how YouTube operates, revenue from advertising on content creators' videos is initially given to YouTube, which then calculates and shares the proceeds with the content creator. In the Web 3.0 environment, this money will be sent directly from the advertiser's wallet to the content creator's wallet, or viewers can also directly support their favorite content creators through this model.

Any change or innovation faces initial difficulties; the new cannot be immediately recognized, but the habit of using Web 3.0 is gradually forming, which is a good sign for the Web 3.0 generation. Web 1.0 and Web 2.0 will not disappear completely but will shift, and it is predicted that before long, we will witness the Web 3.0 model with a decentralized, more expansive, and freer cyberspace, becoming the daily method of accessing the internet in everyone's lives.

However, Web 3.0 still has some limitations and inconveniences. Firstly, if a user loses their private key, they will lose all information or assets stored in that wallet. This is a major drawback, so many technology companies are researching ways to overcome it. Several innovative solutions have already emerged, such as dedicated Web 3.0 browsers like Brave, an upgraded version of Opera, and in Vietnam, Cốc Cốc is developing a dedicated Web 3.0 browser with all the necessary tools and features, user-friendly for both Web 2.0 and Web 3.0 users. Another obstacle is the lack of a clear legal framework regarding ownership rights and privacy protection in cyberspace within the Web 3.0 environment. This depends on the management vision and the ability of each country to apply new technologies.

The evolution from Web 2.0 to Web 3.0 has been underway for several years now, and we are only at the beginning of this transition. Along with this transition, the next generation of users, Gen Z and subsequent generations, mean that Web 3.0 is predicted to become widespread very quickly.

Source: https://www.sggp.org.vn/the-he-web-30-toi-uu-hoa-thong-tin-va-bao-mat-cao-post693704.html