ReThinking the blockchain through Web 3.0’s decentralization, crypto-focus, autonomous and artificial intelligence capabilities.
How do we build Web3?
The web, also known as the World Wide Web, is the foundational layer for how the internet is used, providing website and application services.
Web 3.0 (Web3) is the third generation of the evolution of web technologies – and it will change how websites are made and how people interact with them.
A governance ideal in the blockchain is the concept of a decentralized autonomous organization (DAO). Instead of having an authority that governs the operations of a platform, Web 3.0 technologies provide a form of self-governance in an attempted decentralized approach.
As opposed to the first two generations of the web, where governance and applications were largely centralized, Web 3.0 will be decentralized. Applications and services will be enabled in a distributed approach, where there isn’t a central authority.
Blockchain is the enabler for the creation of decentralized applications and services. With blockchain, the data and connection across services are distributed in an approach that is different than centralized database infrastructure. Blockchain can also enable an immutable ledger of transactions and activity, helping to provide verifiable authenticity in a decentralized world.
Cryptocurrency usage is a key feature of Web 3.0 services and largely replaces the use of fiat currency.
Autonomous and artificially intelligent
Web 3.0 may be constructed with AI, semantic web and ubiquitous properties in mind. The idea behind using AI comes from the goal of providing faster, more relevant data to end users. A website using AI should be able to filter through and provide the data it thinks a specific user will find appropriate.
More automation overall is a critical feature of Web 3.0, and that automation will largely be powered by AI.
PraSaga™ has created a new blockchain infrastructure – the SagaChain™, that addresses three fundamental issues and makes Web3 possible…