Web 3.0 Blockchain, the Decentralized Web, Defined
Blockchain’s Big Bang: Web 3.0
The potential of blockchain is enormous as it will be a foundational protocol for the next generation Web 3.0 which we expect will overtake the current Web 2.0 in 5-7 years.
To summarize, blockchain technology will be a foundation protocol of Web 3.0 blockchain Market, which will support peer to peer transactions and communications that eliminate the need and functions of Web 2.0 central authorities and ‘gatekeepers‘ such as major search engines and social media sites. Blockchain-based peer to peer transactions will range from value transfers of cryptocurrencies and other digital assets, to anonymized identity information and financial accounts that users control.
Web 3.0 will transform us from Web 2.0’s monetization via surveillance capitalism and advertising to monetization built directly into the protocol that is equally available to any connected user.