Web3 is the modern day king in the world of internet. This technology helps the users to secure the data by providing the ownership of the data to themselves only. But the question is that, in the world of AI ‘where the technology has human intelligence too’ , does Web 3 still the thing which matters.
What is Web3
In layman language, Web 3 is the latest technology in the world of internet which provides users the right of ownership to secure their data.Web3 is the next generation of the World Wide Web which combines the decentralization feature of Web 1.0 with the interactiveness feature of web 2.0 in a user- friendly manner.
Web3 is prevalent as it comes with many benefits. It is more user friendly, secured, personalized, and has more transparency. Web3 is based on blockchain technology, has a decentralized network, based on smart contract services, and has operational transparency too.
However, some professionals are also concerned with its complexity, security, regulatory concerns, and technology requirements. Even Jack Dorsey had quoted: “ It is not possible to decentralize Web3 , as someone is required to hold the regulation so as to maintain security and regulation.
To sum up Web3 in one line, Web3 is just a theory which is trying hard to make its applications.
Web3 vs AI
Web3 and AI are both complementary technologies. They can help each other improve. Web3 can help AI to provide a more secure, transparent, and fair platform. In the same way, AI can help Web 3 applications in their functionality and usability by making them more personalized, intellectual, and efficient.
Web3 can also help AI in enabling new business models and incentives such as tokenization and governance. In the same way, AI can also help Web3 in scalability, interoperability, and user experience.
They are complementary and generate synergy. Therefore, we cannot say that there is a difference between Web3 and AI. Instead of saying that , we can say that they complement each other so as to make the technology more efficient.
Concluding thoughts
Well, we can’t say that In AI Dominance, Web 3 will lose its significance. Instead of saying that, we can say that Web3 and AI will work together to make a user-friendly environment in the world of internet technology. Web3 and AI both are the future of the technology world and we can’t ignore it.
Web3 is still improving and evolving. Also, Web3 is constantly exploring new opportunities and possibilities that can go beyond the current scope and vision of AI.
As a user of this internet technology, we should definitely focus on the improvisation of the technologies as it will directly benefit us . In addition to this, Web3 will help us in attaining security and make our data encrypted. So that we can make ourselves more secure.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/05/09/is-web3-still-the-thing-in-2023-after-a-i-dominance/