21 Jun 2022 Web 5.0
Web 5.0 – Today Current Affairs
Twitter CEO Jack Dorsey heads his bitcoin business unit The Block, Web 5.0 is being developed with the aim of creating additional decentralized webs that help you control your data and identity.
Today Current Affairs
Web 1.0, Web 2.0, and Web 3.0?
- Web 1.0: The first generation of the global digital communications network, referred to as the “read-only” Internet made of static web pages that only allowed for passive engagement.
- Web 2.0 was the “read and write” Internet. Enable users to communicate with servers and other users leading to the creation of the social web. This is the world wide web that we use today.
- Web 3.0 is the next generation of the Internet – a “read-write-execute” web – with decentralization as its bedrock. The Hindu Analysis
- Web 3.0 speaks about a digital world, and it is built by leveraging blockchain technology, where people are able to interact with each other without the need of an intermediary. Web 3.0 will be driven by Artificial Intelligence and machine learning where machines will be able to interpret information like humans.
USES OF WEB 5.0
- The Block Head (TBH), Web 5.0 Being developed by Dorsey’s Bitcoin business unit is aimed at “building an extra decentralized web that puts you in control of your data and identity”.
- “The web democratized the exchange of information, but it’s missing a key layer: identity. We struggle to secure personal data with hundreds of accounts and passwords we can’t remember. On the web today, identity and personal data have become the property of third parties.”
- Web 5.0 is Web 2.0 plus Web 3.0 that will allow users to ‘own their identity’ on the Internet and ‘control their data’.
- Significance: It’s about changing the “control of identity” of an individual and talks about giving users control over their own data, it cites an example that it’s totally up to the user whether to save his data anonymously encrypted on the decentralized blockchain or to sell that data to vendors for monetizing and advertising.
Challenges Related to Web 5.0 : The Hindu Analysis
- There are hardly any implications for this technology in the near future as it’s just being an idea at a very early stage, and nobody knows how it would be turned out.
- How the sovereign government would allow this decentralized platform which is free from any government intervention, could lead to contention between the government and promoters of Web 5.0.
- There is still unclarity, that how the system will operate, who would control it, and what are safety scenarios for vulnerable people like women, children, etc.
In this article we mention all information about Web 5.0 Today Current Affairs.
Yojna IAS Daily Current Affairs Eng Med 21 June
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