Web 3.0 refers to the 3rd generation of web technologies. To put it in simple words, it is the third evolution of the internet and is a new phenomenon in the world of the internet. Web 3 consists of many kinds of technologies which have a centre focus on blockchain-based technologies and decentralized applications. IoT tends to be a crucial part of Web 3.
According to GlobeNewswire, the web 3.0 blockchain industry will account for over 87 billion dollars by 2030. As a result, a lot of businesses are becoming inclined toward this trend and being web3-ready.
Wondering what exactly 3.0 is? Yes, this blog will present an in-depth guide to Web 3.0. Let us have a look at the different aspects of 3.0.
What is Web 3.0?
Web 3 is a term that refers to the 3rd prominent version of web technologies, i.e the world wide web and the internet. It is believed to give rise to high-end applications by means of machine learning and artificial intelligence.
The term was invented by Gavin Wood, who is the co-founder of Ethereum and founder of Polkadot in 2014.
Technologies Empowering the Web 3.0:
Web 3.0 is an amalgamation of different technologies that are already transforming the way human beings interact with objects of real-life and computer systems over the internet. As a result, it is a complex ecosystem that incorporates several parts.
Let us discuss these technologies one by one.
Blockchain
Blockchain is the cornerstone of cryptocurrency. It can be taken as a huge decentralized and encrypted online database where it is impossible to make modifications.
Each transaction done is stored on each node of the blockchain network. This further makes it impossible to forge transaction data. Hence, it makes the medium safe and secure.
IoT
The internet of things is a cutting-edge technology that combines household devices and shares data with each other.
The complete idea of Web 3.0 is to permit machines to go through data that is available on the internet. This is all feasible via IoT. Computers are capable of interpreting data collected by IoT devices in turn by leveraging AI.
Automation
AI is the scientific field of making computer systems self-reliant so that they can perform multiple tasks on their own without any kind of human intervention. In order to do so, AI systems need feeding data. AI is strengthening mobile app development, marketing, web development, healthcare, education and so on.
How Can You Work in Web 3.0 as a Mobile Development Company?
It’s a major transition to move to web 3.0 and it will not pass on so quickly. Transitioning from Web 2.0 to Web 3.0 is still happening, and it won’t end quickly it will also go through Web 2.5.
In order to ensure that your business is all set to develop web 3.0 your mobile app needs to do the following:
1. Understand Web 3.0
Before you start off enthusiastically with Web 3.0, you need to comprehend what you are going to deal with. It is an evolving concept introducing new technologies and tools every now and then.
Make sure you educate yourself about all aspects of 3.0 and have a great understanding of the concept. Opt for books, online courses, video tutorials and webinars etc to educate yourself.
2. Go for Hiring Skilled Developers
The next main step is to hire developers who have relevant skills. Your hired developers must be equipped with a greater knowledge of Web 3.0 and proven work experience in building mobile applications powered by it. You may face some hardships hiring such developers, but make sure you hire the best one only.
3. Upskill Your Workforce
Web 3.0 has several technologies to collaborate with. So you need to assure that your workforce has the necessary skills. You can organize webinars, discussions and sessions which are detailed in concept and its associated technologies and tools.
4. Marketing is a Must
All set with the Web 3 mobile app? Now is the turn to start off with marketing attempts to have access to your preferred clientele. Marketing is a prominent aspect of scaling your business that is often neglected by organizations.
What are the key Applications of 3.0?
Blockchain tends to be the soul of Web 3 and it has all the potential to improve all aspects of life. However, there are many kinds of applications that can be created with the help of Web 3.0.
Some are mentioned below:
- BFSI
- Blockchain and Cryptocurrency
- EdTech
- FinTech
- Gaming
- Travel
- Healthcare
- Logistics
- Manufacturing
To Sum Up
Overall, Web 3.0 is an emerging trend that is going to impact how people look at technology and use it. It can give way to big changes in all walks of life. However, it may take some time for it to come to fruition.
