Getting Familiar with Web3, The Future of Business

If you often browse the internet and search for news that is currently hype, chances are you will find a lot of things about Web3. What does it mean?

Web3, or web 3.0, is a term that sticks out in the era of digitalization which is starting to bloom using the blockchain business model as the latest internet generation.

DEFINITION WEB3

The use of Web3 technology allows all of us, internet users, to control and empower digital assets and online content. From a business perspective, the company will create products and services that are available through a central approach to the user.

This of course changes the way how we respond to information exposed on the internet, as well as a fundamental change in search engine AI capabilities that will have a major impact on user experience via online.

DIGITAL IMPACTS

In short, online users will have the ability to sort data themselves and conduct screening of content, is it from government or private sectors, because we access it from our own devices. Characteristically, Web3 includes values ​​such as trustless, permissionless, self-governance, and data ownership.

Trustless is the interaction created between the user and the content owner with computer algorithms without any permission, or a third party (permissionless).

Meanwhile, self-governance is in a decentralized autonomous organization or DAO system, which is used by various applications and platforms. Users can also determine the direction of platform policies.

Finally, data ownership allows users to control personal data so that it is different from Web2 services which hold users' personal data without any protection.

HOW WEB3 WORKS

No longer a centralized system, but Web3 applications and services using decentralized blockchain technology. This means that there is no one-door authority that deviates from its data access.

This model uses a blockchain-based protocol that is designed to 'fight' the data ownership system of the previous internet generation which tends to be dominated by large companies such as Google and Amazon.

Later, users will be directed to store their data in a digital wallet (crypto form; via TrustWallet, Venly, or MetaMask). This data is then integrated with blockchain-based applications with permission and control, only by ourselves.

WEB3 BASED GAMING

Web3 has even had a big impact in the gaming world with a variety of blockchain model games, a play-to-earn system that engages its players in a more innovative way. Through these games, players can earn crypto and NFT assets.

Regarding transaction features, Web3 provides token facilities such as Ethereum (ETH) as a legal medium of exchange directly from the browser. Players don't need to use another payment infrastructure anymore.

BENEFITS OF WEB3

Basically, the benefits or advantages that we can get from using Web3 is its decentralized system. Here are some of the advantages of the Web3 concept in surfing the internet:

1. Content is more private
2. Security is more guaranteed
3. Makin own data handling rules
4. User experience increases
5. Connectivity to data according to interest

CONCLUSION

Thus a brief explanation of Web3 which is believed to be the future of the internet with various advantages, more sophisticated, and secure. The presence of Web3 will structurally change the way we enjoy the internet in a healthier way and of course provide real benefits.

Web3 refers to the idea of ​​a decentralized web that offers more secure guarantees as data is stored on a publicly accessible blockchain platform and users are given greater control functions.