Web 3.0, the next generation of the Internet, sometimes known as the Semantic Web, has emerged as a game-changer for the Indians in the soon-to-be future.
The digital ecosystem is set to move from Web 2.0, driven by three critical layers of innovation, cloud, social, and mobile, to Web 3.0.
Well, Web 2.0 has not left the stage, and we are still reaping its benefits. But, for now, according to Tim Berners Lee (the inventor of WWW), Web 3.0 is ready to cause a fundamental shift worldwide, that too in India.
In India, Web 3.0 will hit the current work processes effectively and efficiently. Through Web 3.0, the apps and websites will catch up with an opportunity to process information in an intelligent human-centric way.
In fact, the sprouting startups are excited to grab multiple opportunities that Web 3.0 will offer.
Likewise, venture capitalists are also looking forward to investing millions in Indian brands that have started leveraging and investing in semantic Web to elevate the status of India on Web 3.0.
At this point of the post, we may anticipate Web 3.0 to be advantageous.
Keep reading to clear your varied thoughts relevant to the rise of Web 3.0 in India.
How Can India Benefit From Web 3.0?
In India, people are concerned about Web 3.0 as this digital divide has been buzzing in India for quite a long.
India has a few domains, so it also has a few internet users. Only 0.6% of people in India own a domain name, and this figure reached 43% in the US.
So, looking at these numbers, you can envision how people use the Internet in India and how much money they make.
India is a developing country but still holds one of the most rapid-growing internet markets worldwide.
Therefore, we can say, Web 3.0 can make the country more digital because of the benefits of digital technologies.
Still not convinced? Let's move ahead to check how Web the semantic Web can prove to be beneficial for India.
Unique Benefits of Web 3.0
Improvise: Web 3.0 will effectively and quickly locate and improve various inefficiencies we face with Web 2.0.
Career Opportunities: In India, Web 3.0 may improve Indian lives by opening the doors to new jobs and opportunities to catch up with a thriving economy.
Security: In the existing system, information can be easily stolen or copied without notification. But, with Web 3.0, blockchain technology is tamperproof and secure; data can't be hacked or modified with no interference being detected.
Privacy: A decentralized identity system permits you to handle your personal information and online identity. Web 3.0 allows controlling your personal data and its access.
Ownership: Web 3.0 is powered by blockchain technology and decentralization, excludes the middleman, and offers access to content creation. Web 2.0 depends on social media websites to store, share, and benefit from the content. On the contrary, Web 3.0 permits users to earn tokens directly for their community participation and activity. Such tokens hold monetary value and offer users ownership of their projects.
Conclusion
India Blockchain Accelerator Program, a program run by an Indian state, Telangana, assists Web 2.0 and Web 3.0 blockchain budding entrepreneurs in getting the state government's approval.
We want you to know that the target is to endorse the startups still running in the initial stages of Web 2.0 and Web 3.0.
According to Investors, with the rise of Web 3.0, India will soon welcome many prospects to stay ahead of the world when developing a blockchain and cryptocurrency ecosystem.
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