Is Web 3.0 really a safe haven for Internet users?

Hey Siri, increase the volume by 5 points‘ music turns up without you having to reach for the remote – something we’ve only seen in magic shows and movies! This is exactly what artificial intelligence is doing for today’s world, making life easier, advanced and incredibly fast. As we see AI seeping into different parts of our lives, the term Web 3.0 has also found its way onto the shelf, and Apple’s Siri, Amazon’s Alexa, Google’s Assistant with their voice recognition software are one of the perfect examples. These voice assistants are now integrated into everyday smart home devices, which are transforming the way humans interact with or use them.

Web 3.0 is initiating a digital revolution that will make manual communication techniques a thing of the past and introduce an ecosystem where no single organization or platform can control your actions on the Internet, a much needed upgrade to the current scenario we are in.

Transition from 2.0 to 3.0

Web 2.0 – the current technological medium, on which the world has been running since 1991, has transformed the way communication and transactions took place across the world. However, it also had many shortcomings, such as being prone to widespread cyber attacks, creating a digital divide, and also posing a threat to digital transactions. In an attempt to protect users from all of this, Web 3.0 was born as the third generation of the Internet in the early 2000s, but it’s only now that the idea has come to the fore for the general public. Web 2.0 was only seen as a read write web, but Web 3.0 is considered a read-write-interact Web, which means it will allow you to interact with content, including 3D graphics. Web 3.0 is a decentralized means of online networking that processes user data faster to provide a personalized user experience.

Based on artificial intelligence, machine language and semantic web technologies, Web 3.0 appears to be a safe haven for the new generation of Internet users. Interpreting human mannerisms and understanding the context of user queries, Web 3.0 aims to provide an evolved, more diligent and accurate response. The fact that Web 3.0 is based on blockchain technology makes it decentralized, which means that no mediator interference will have to be ensured before proceeding with any digital exchange. Unlike Web 2.0, with Web 3.0, users would find it easy to share and transfer their data, promote information to advertisers without inherent risk of data breach or privacy corruption.

The Potential Perils of Web 3.0

While we talk about the benefits of Web 3.0, it will be superficial to ignore the possible liabilities that come with it. It’s no secret that decentralization would ensure an easier and safer space for communication, but it would also limit the way to reverse any action once done online. Since people are very familiar with older versions of the internet, getting used to this modern approach would take everyone’s time and effort to understand its use and the risks and issues that come with it. Despite the countless measures and claims made for security, the absence of specific and dedicated law and regulation on the network will lead to risks that all stakeholders will face, without strong protections or remedies.

After the advent of Web 3.0, reputation management will also be a major task for businesses. As important for brands to maintain credibility in the marketplace, Web 3.0 will increase anonymity and indirect competition, and decentralization may also reduce monopolistic behaviors or trends in the industry. Once we look beyond the concerns it raises, decentralization might be the much-needed response against tech giants and their high-profile monopolistic behavior.

With Web 3.0, businesses would be required to be at the top of their reputation management game with cutting-edge market intelligence, user-friendly policies and attitude, and rigorous marketing aptitude.

To avoid such fiascos along the way, the creators of Web 3.0 themselves drafted a series of legal documents that accompany the use of the network. Also considering how blockchain-based this full iteration is, it becomes all the more essential to be familiar with the legalities involved here:

  • Investment Prospects: Investment here can only be done through cryptocurrencies or NFTs or any other decentralized currency that will appear in the future. As more and more companies are jumping into the metaverse today, users should be very careful when doing these exchanges, as the legal ramifications of this issue could be very costly and complex..
  • Intellectual property and royalties: Intellectual property issues are a concern that every buyer or seller here should focus on, especially if it’s NFT.
  • Money laundering: As said above, the absence of regulation changes a lot of things and since no mediator will be involved during this exchange, it is always suggested to ensure that transparency is maintained and that you are 100% sure of who is the person on the other side. .
  • Cyber ​​threats: Since blockchain technology aims to protect privacy, it is very difficult to identify any accused in all data breach cases. Therefore, for added security, all users are advised to keep in touch with organizations that are fine-tuning these security measures.
  • State Laws: Besides international and federal laws, remember to understand and follow the jurisdictions assigned by your government over technology as it is still in a privileged position in many areas.

Claims Against Major Search Engines for Use monopolistic practices controlling how searches, purchases and interactions are done on the internet has been far too much lately. This has a major impact on the interests of users, Web 3.0 will give more power to users, each user’s content and data will belong to them, with less risk of misuse or theft. With centralized technology, this problem might be solved without the giants influencing the movement.

Ultimately, Web3.0 is an open and ubiquitous technology intended to bring a paradigm shift in Internet gaming. From Apple’s Siri and Wolfram Alpha to Steemit and Sola, this new wave of revolution is changing the world and it’s definitely time to embrace it with open arms, while definitely ensuring all security measures.