SGGP
Users of Web 3.0 (3rd generation of the internet technology platform to create smarter websites and applications) have the right to control privacy to the fullest extent, allowing information to be shown or hidden at will. Moreover, the Web 3.0 environment does not have third parties to influence or track user-generated content and transactions.
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| A blockchain event held in Ho Chi Minh City (large image) and the difference between Web 1.0, Web 2.0 and Web 3.0 (small image). Photo: TAN BA |
Information security
Web 3.0 is a term to refer to the next generation of the world wide web (web browser) - or can be understood as a place to connect and use the internet. This is still a very new term, still not exactly defined, and even the average internet user may feel unfamiliar with Web 3.0, but it is already there. To understand the basics of Web 3.0, we need to go back to the history of previous web generations.
The first generation of web was born Web 1.0, which are static web pages that have been pre-written by web creators and posted on the internet, visitors can only read the information offered, ie one-way interaction or very limited interaction between the website and the reader. Some examples of Web 1.0 are Wikipedia page, search engine Yahoo!, Google, email... Followed by the birth of Web 2.0, the current generation of web, allows users to post the content they want, can comment and interact two-way on social networking platforms such as Facebook, Twitter, YouTube, TikTok... With Web 1.0 and Web 2.0, users will create an account with different passwords and use each to protect it. Recently, the world has witnessed many cases of personal information being used for commercial purposes, causing trouble and concern from major platforms such as Facebook, Google. Or more dangerous, the objects that steal user information with bad intentions have caused a lot of anxiety for users. That is a limitation of Web 1.0 and Web 2.0.
With Web 3.0 there is a big difference, each person will have a "private key" to create their own wallet and account only once, and that account can be integrated with any Web 3.0 site to interact as the user wants. The Web 3.0 space is also decentralized, allowing users to directly access information on the network. Thus, if the Web 3.0 application, the great benefit that it brings to users is really full ownership and management of the privacy of their information in cyberspace, and at the same time, it eliminates the intermediary party that affects the user's account information. Web 3.0 helps to reduce the disadvantages of the previous web generation, information access is optimized and high security thanks to blockchain technology.
Creating a new economic model
The big benefits that Web 3.0 creates are new models and economies in the digital space. The first are real-item related NFT trading platforms, which create a lot of added value by validating the uniqueness of the NFT. For example, famous fashion brands such as Nike, Prada, Gucci, Louis Vuitton ... have successfully applied this model. Online shopping through e-commerce platforms using Web 3.0 also eliminates some obstacles about paying additional fees to bring goods to the platform or relying on 3rd party payment parties, when the business and the user only transact directly with each other. Web 3.0 is also optimized for the content creation industry. Looking at how YouTube works, the money from the ads run on the content creator's videos will be given to YouTube first, then YouTube will calculate to share with the content creators. In the Web 3.0 environment, this amount will be sent directly from the advertiser's wallet to the content creator's wallet, or viewers can also directly support the content creators they love through this model.
Any change or innovation has initial difficulties, the new cannot be confirmed immediately, but the habit of using Web 3.0 has gradually formed, which is a good signal for the Web 3.0 generation. Web 1.0 and Web 2.0 will not disappear completely, but there will be a shift and it is predicted that soon, we will witness a Web 3.0 model with a more decentralized, open and free network space, becoming the daily way of accessing the internet in people's lives.
However, Web 3.0 still has some limitations and inconveniences. The first is that when a user loses their private key, they lose all the information or assets stored in that wallet. This is a huge inadequacy, so many technology companies are researching and expanding methods to overcome. Currently, there are a number of innovative solutions appearing such as Brave, a dedicated browser for Web 3.0, an upgrade of Opera, or in Vietnam, Coc Coc is developing a Web 3.0 specialized browser with all necessary tools and features, friendly to both Web 2.0 and Web 3.0 users. The next obstacle is that there is no clear legal framework related to ownership and privacy rights in cyberspace under the Web 3.0 environment. This depends on the management vision and ability to apply new technologies of each country.
The evolution from Web 2.0 to Web 3.0 has been going on for several years now and we are only at the beginning of the transition. Along with this transition, the next generation of users is Gen Z and the following generations, so it is expected that Web 3.0 will quickly become popular.
