The founder of Ethereum, Gavin Wood, mentioned the term Web3 not all that long ago, and the world has never been the same since. The basic premise of Web3 is that it is an updated version of the internet that will leverage blockchain technology in order to become a great deal more decentralized and possibly far more efficient as well with all things having been considered and taken into account. However, how likely is it that Web3 will replace the so called Web2 in the coming decade?
With all of that having been said and now out of the way, it is important to note that most companies will likely continue to use Web2 as their standard operating protocol for applications at least until 2030 if not beyond that. This information is coming out of a brand new report that was released by Gartner recently.
The main advantage of Web3 is that it is so decentralize that it will give users more control over their data and privacy. That’s a huge draw because of the fact that this is the sort of thing that could potentially end up giving users more privacy than they are currently used to with so much centralization having occurred in the world of the internet.
This can take power away from internet companies and instead put them in the hands of regular people who would just need to trust the protocol itself which is not something that any individual is going to be able to own.
While Web3 definitely solves a lot of problems that are rife within Web2 as of right now, it doesn’t seem like this is enough to change what people are currently and especially enterprises have gotten more or less used to. Newer platforms, networks and business models will likely be built on the Web3 platform, and 25% of legacy products from organizations might do the same. However, the major players in various industries don’t seem to be all that interested in Web3 right now despite the potential that it has the revolutionize how people can connect with each other online.
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Read next: This New Report Details the Rise of AI Natives
With all of that having been said and now out of the way, it is important to note that most companies will likely continue to use Web2 as their standard operating protocol for applications at least until 2030 if not beyond that. This information is coming out of a brand new report that was released by Gartner recently.
The main advantage of Web3 is that it is so decentralize that it will give users more control over their data and privacy. That’s a huge draw because of the fact that this is the sort of thing that could potentially end up giving users more privacy than they are currently used to with so much centralization having occurred in the world of the internet.
This can take power away from internet companies and instead put them in the hands of regular people who would just need to trust the protocol itself which is not something that any individual is going to be able to own.
While Web3 definitely solves a lot of problems that are rife within Web2 as of right now, it doesn’t seem like this is enough to change what people are currently and especially enterprises have gotten more or less used to. Newer platforms, networks and business models will likely be built on the Web3 platform, and 25% of legacy products from organizations might do the same. However, the major players in various industries don’t seem to be all that interested in Web3 right now despite the potential that it has the revolutionize how people can connect with each other online.
Background vector created by FreepikRead next: This New Report Details the Rise of AI Natives