![]() Prominent journalists and technologists, including Gavin Wood, co-founder of Ethereum, a prominent blockchain platform, began to popularize the terms Web 3.0 and Web 3 to signify a decentralized, semantically aware version of the web. Around the same time, two essential Web 3.0 technologies were born: cryptocurrency and blockchain. The World Wide Web Consortium, the web's standards body, released a Semantic Web standard. The dream of an interactive web came to fruition several years later with the skyrocketing popularity of social networks like Facebook. Publisher Tim O'Reilly helped promote Web 2.0 by starting a conference dedicated to it. Berners-Lee fleshed out his Semantic Web concept by co-authoring an article in Scientific American. They started referring to the existing web of basic connectivity to mostly static websites as Web 1.0. The first popular search engines - familiar names like Yahoo! Search, Lycos and AltaVista - arrived on the scene, but by 2004 Google had put many of them out of business.Īround the turn of the millennium, experts began promoting the idea of an upgraded web that would be more interactive, calling it Web 2.0. Similar user-friendly graphical browsers followed, including Microsoft Internet Explorer and, much later, Apple Safari. ![]() The public was not much aware of the web until 1993 with the release of Mosaic, the first popular browser, later renamed Netscape Navigator. He also started designing software for a "Semantic Web" that would link data across web pages, but hardware constraints prevented its implementation. Besides programming the first browser, Berners-Lee wrote the Hypertext Markup Language ( HTML), which tells browsers how to display content, as well as the Hypertext Transfer Protocol ( HTTP) specifying how web servers transfer files to browsers. The first generation, referred to as Web 1.0, was invented in 1989 by Tim Berners-Lee, a British computer scientist who applied the hypertext concepts for linking digital text proposed in 1963 by Ted Nelson, an American information technology pioneer. If it comes to pass, Web 3.0 will be the successor to two previous generations of the web. It will also use machine learning and AI to empower a more intelligent and adaptive web. What is clear, though, is that Web 3.0 will place a strong emphasis on decentralized applications and probably make extensive use of blockchain-based technologies. ![]() Even the proper spelling isn't nailed down, with analyst firms like Forrester, Gartner and IDC toggling between "Web3" and "Web 3.0." Web 3.0 is still being developed, so there isn't a universally accepted definition. Web 3.0 describes the next evolution of the World Wide Web, the user interface that provides access to documents, applications and multimedia on the internet. It also has detailed explanations of key Web 3.0 concepts, such as the effects of decentralization on web governance and data management, and what enterprises can do today to test the Web 3.0 waters. This guide provides answers to common questions and has hyperlinks to articles that go into depth about the business opportunities and risks. Enterprises are ready to learn enough about Web 3.0 to decide what actions to take, if any. What's clear is that interest in Web 3.0 has never been higher. Whether Web 3.0 comes to pass, especially in the form currently envisioned, remains an open question.
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