Driven by the most disruptive technology of our time, Web 3.0 is getting prepared to change how businesses operate and how internet users interact with the digital world. In this article, we are going to look into Web 3.0 Blockchain in detail – what it is, what it entails, the benefits it poses, and the industries it would revolutionize and how.
Blockchain is a reality. Its logic is simple and straight-forward. A blockchain is just like a public ledger in which information is spread over different registers. It has three aspects: data, hash and cascading interlink. In a blockchain the first block that stores data is called a genesis block. It stores data and has a hash value assigned to it at the instance of data entry. It means that the hash generated is an encrypted form of the data entered and to change the data now a person will have a hash change as well, making it impossible to move without leaving a mark.
Web 3.0 is the next big thing on the anvil. Experts are speculating that it is already happening. As far as one can gather from the concepts, a Web3.0 will be a self-learning internet. It will be like a personal assistant, walking with you. For example, you want to know whether you can get to the office in time through today’s traffic. You ask the browser “how’s the traffic today?”, the browser having a knowledge of the time of questioning and how often you have asked and based on your profile, will not only bring out the traffic conditions and will give you the “best route to the office today.”