Introduction

At its inception, the internet was static (Web 1.0) compared to today’s interactive web medium (Web 2.0). As technology and internet protocols have developed, and user requirements have become more demanding, the internet has evolved to become a more interactive medium.In this article, we will discuss the upcoming version of the internet (Web 3.0). It sure sounds familiar, but what exactly is Web 3.0? Understanding Web 3.0 for businesses begins with understanding its definition and details.

The Web 3.0 standard: what is it?

A Web 3.0 site provides users with access to content, allows them to edit or write content, and allows users to interact with the site. In short, Web 3.0 refers to the phase of “read-write-execute”. Communication between machines and dynamic applications are included. The user experience is faster and more individualized thanks to the connection of decentralized data sources. Also, metaverse development is taking place here.
According to this version, computers are capable of understanding data similarly to humans and automatically delivering relevant content to users according to their needs. Blockchain technology protects your data on Web 3’s decentralized internet. By giving consumers ownership stakes in platforms and applications, it will prevent computer giants from dominating the platforms. A number of technologies will be utilized in the implementation of this phase, including artificial intelligence (AI), machine learning (ML), and the semantic web. Semantic web technology will assist computer systems in understanding and interpreting material by providing context and meaning. This result provides the best results for the end user. Web 3.0 tech companies offer decentralised services or DApps, in contrast to web 2.0 platforms like Facebook and Twitter. These DApps run on cryptocurrency tokens, such as Web3 tokens.

Can Web 3.0 make a difference to your business?

Both web versions resemble each other superficially because they are both based on the same website. However, the newer version takes things a step further. That said, your business will determine which version of the web is appropriate for your organisation. In order to make an informed decision, let’s analyze it in a comparative manner.

UI ( The user Interface)

With Web2, the information is updated in real-time, ensuring an excellent user experience. It is the tech giants that control the information that is being shared. However, Web3 provides a higher level of security to the user by granting them control over their data. The web3 might be a bit slower than web2 due to its nascent stage.

Ownership

A major change brought about by Web3 is this. A centralised authority controls a user’s data in web2 so that a personalised experience can be provided. A decentralised approach is used in the web3 version, allowing users full control.

Confidentiality & Security

There is a centralized authority that controls all web2 applications; the owner defines the security protocols for data. Unlike web3 applications, which require personal information, web3 applications are secure and safe. Tokens are used to provide information. You would have to maneuver a lot if you wished to scale your operation, however, as this limits your scaling options.

Technologies

A web2 application development project involves various databases and languages such as JavaScript, Ajax, and more. Blockchain, AI, ML, and other technologies are largely used in Web3 application development.

Operations

It takes time and dedication to operate the web2 versions in order to streamline business operations. Through Web3, smart contracts can be used to enable the availability of real-time data and status for everyone involved in the transaction.

Technology

Web3 automatically enhances transparency based on data control. Users have easy access to immutable entries created by Blockchain technology. An increase in trust can lead to more direct searches for products and services.

A comparison of Web 2.0 and Web 3.0

Based on specific criteria, let’s interpret how web 2.0 differs from web 3.0. Read-write interactions dominate web 2.0. Based on their distinctive features and detailed impressions of the user experience, it is easy to make a comparison between web 2 and web 3. The semantic web, for instance, plays a larger role in web 3.0.

Defining terms

It is important to determine the meaning of the two web versions as the first criterion. Web 2.0, also known as the read-write phase, is a generation of internet services that allows users to read and write. The semantic web is at the core of Web 3.0, the third generation of the internet. Essentially, it facilitates a better understanding of decentralized infrastructures by users and machines.

Aim

Web 2.0 and web 3.0 can be distinguished based on the following important criteria. By enabling users to interact with online information, Web 2.0 aimed at enhancing user engagement. While Web 3.0 encourages participation to allow users to fully immerse themselves in online content, it also discourages passive viewing of content. Knowledge is the goal of Web 3.0, whereas people are the goal of Web 2.0. More broadly, web 2.0 emphasized tagging and user experience. Through Web 3.0, trust, privacy, and security were emphasized as a means to empower users. In comparing web 2.0 with web 3.0, the target area is evidently an important factor. Web 3.0 is geared toward empowering people, while Web 2.0 is geared toward building communities.

Technological advances

In terms of technology, web 2.0 and web 3.0 are distinguishable in three ways. The development of both has been aided by a number of innovative technologies. The development of Web 2.0 has been largely influenced by AJAX and JavaScript. Web 2.0 is also characterized by CSS3 and HTML5, which dominate the technologies underpinning it. Web 3.0 is the next step, which is powered by cutting-edge technologies. Semantic web, decentralized protocols, and artificial intelligence form the foundation of web 3.0. Ontologies and knowledge bases also play an important role in its development.

Application types

In order to compare the two versions, it is important to consider the types of applications they support. Apps are a characteristic of Web 2.0. Two-way websites, video websites, podcasts, and blogs are some examples of Web 2.0 applications. On the other hand, Web 3.0 facilitates the development of smart applications by utilizing machine learning and artificial intelligence capabilities. Multi-user virtual environments, 3D portals, and integrated gaming are some of the most noteworthy Web 3.0 applications.

Data State

Data status is another important distinction between web 2.0 and web 3.0. In web 2.0, data belongs to the network. The Web 3.0 standard, by contrast, proposes that data be owned by an entity and shared freely.

Specifications

The features of web 2.0 and web 3.0 are undoubtedly different. It is possible to engage users with a wide variety of web apps and social media apps thanks to Web 2.0. In addition, interactive advertising is used in Web 2.0. In contrast, Web 3.0 is based on behavioral marketing and offers intelligent web-based applications. An excellent example of web technology and information fusion is web 3.0.

Compared to Web 2.0, how will Web 3.0 affect businesses?

By using decentralized networks, Web 3.0 allows users to better control their data. Businesses have always been concerned about the privacy and security of their data, which can be improved with the newer version of the web. The following are the benefits that businesses get with Web 3.0 in comparison to Web 2.0 based on these principles.

The absence of third-party intermediaries

Businesses are already operating differently as a result of Internet use. The advent of Web 3 technology will bring much more significant changes. In the future, new business models may be based on the sharing and collaboration of data. Operating costs will be reduced and competitiveness will be improved for small businesses. Decentralized blockchain technology will power Web 3.0 business opportunities, in contrast to Web 2.0. A central server will no longer be necessary to process information. Data management and data use will become easier for companies, and their products and services will be improved. New recommendations will be able to be created by data-driven companies, and previously unfeasible services will be offered. As well, utilizing more data would help businesses build products and services that are appropriate for their clients’ needs.

Relationship Management (CRM)

Small businesses will experience fundamental changes in their relationship with customers and how they respond to their inquiries as Web 3.0 companies take over. Business has traditionally placed a great deal of emphasis on customer relationship management (CRM). In order to increase sales and customer loyalty, businesses need a detailed understanding of the customer’s demands and preferences. Traditional CRM techniques, however, pose a challenge due to their reliant on data, which limits the ability to obtain a comprehensive view of the customer.

With Web 3.0 technology, businesses are able to better understand their customers’ preferences through social media, surfing history, and other data sources. By offering customized services, they will eventually be able to connect with customers more effectively. Increased sales and better relationships with customers will result. The data provided by the company will also be more trusted by customers. Decentralized networks will make Web 3.0 more secure as opposed to Web 2.0, which makes it harder for hackers to tamper with or exploit data. Customers would be able to access accurate transaction information. Supply chains can be viewed in real time. This will increase the credibility of the company by providing consumers with reliable updates on their orders. As a result of Web 3.0, businesses can interact with their customers and use CRM in a different way.

Managing supply chains

A supply chain’s operations are planned, implemented, and managed through SCM. Raw materials, unfinished goods, and works in progress can all be moved and stored in this category. Goods and services are produced and delivered through supply chains. A primary goal of SCM is to meet consumer demand by optimizing the flow of information, resources, and cash.

SCNs (Supply Chain Networks) have increasingly taken the place of traditional supply chains in recent years. The Supplier Channel Network is a network of suppliers, manufacturers, distributors, retailers, and other participants that is built on information and communication technologies.

A new perspective on marketing

In terms of delivering innovative and economical marketing solutions to small businesses, Web 3.0 will fundamentally change the game. With mobile advertising, local businesses can directly reach customers. For small business owners, it will open up a new world of marketing research and segmentation opportunities. Through the use of increasingly sophisticated and nuanced data on online browsing behavior, businesses can better target their customers. Apps that track real-time data are already utilizing Web 3.0 features.

What can Revinfotech do to help you transition to a Web 3.0 business model?

The essentials you need to implement the right AI and machine learning tools to take your organization to the next level can be achieved by partnering with us, whether you are a startup or a well-established company looking to integrate Web 3.0 and maximise your growth.

• Count on us as a reliable company
• Resources devoted to technology can make or break a company
• Having experience in what they do
• Having immense expertise in Blockchain Development

In the past, we have provided digital assistance to multiple companies and upgraded their technical aspects as well.
Having developed blockchain software and apps for over a decade, we excel at what we do. Take advantage of our services to simplify the process of converting your business to a Web 3.0 version!