What is Web 5.0?

Context

  • Former Twitter CEO Jack Dorsey recently announced his vision for a new decentralized web platform that is being called Web 5.0 and is being built with an aim to return “ownership of data and identity to individuals”.

What do the terms Web 1.0, Web 2.0 and Web 3.0 mean?

  • Web 1.0 was the first generation of the global digital communications network. It is often referred to as the “read-only” Internet made of static web-pages that only allowed for passive engagement.

    What is Web 5.0?
    Photo Credit: CNBC
  • The next stage in the evolution of the web was the “read and write” Internet. Users were now able 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 an evolving term that is used to refer to the next generation of Internet – a “read-write-execute” web – with decentralization as its bedrock.
    • It speaks about a digital world, built leveraging the 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.

What is Web 5.0?

  • Being developed by Dorsey’s Bitcoin business unit, The Block Head (TBH), Web 5.0 is aimed at “building an extra decentralized web that puts you in control of your data and identity”.
  • Simply put, 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’.
  • Both Web 3.0 and Web 5.0 envision an Internet without threat of censorship – from governments or big tech, and without fear of significant outages.

What are the use cases for Web 5.0?

  • On its website, the TBT presents two use cases for how Web 5.0 will change things in the future.
    • About changing the control of identity
    • giving users control over their own data

Reference:

https://indianexpress.com/article/explained/everyday-explainers/what-is-web-5-0-blockchain-powered-digital-network-twitter-ex-ceo-7967663/

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