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Web 5.0: Blockchain-Powered Digital Network

Web 5.0: Relevance for UPSC Exam

Web 5.0: It is an important topic for UPSC prelims and mains examination. Web 5.0 will come under- awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights of Science and Technology (GS Paper 3).

Web 5.0: Blockchain-Powered Digital Network_40.1

 

Web 5.0 in News

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

Web 5.0: Blockchain-Powered Digital Network_50.1

 

 

What is Web 5.0?

  • About: Web 5.0 is aimed at “building an extra decentralized web that puts you in control of your data and identity”.
  • Development: Web 5.0 is being developed by Dorsey’s Bitcoin business unit, The Block Head (TBH).
  • Significance: It will allow users to ‘own their identity’ on the Internet and ‘control their data’.
    • Web 5.0 envision an Internet without threat of censorship – from governments or big tech, and without fear of significant outages.
  • 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.
    • Changes the “Control of Identity”: An individual can switch apps whenever she wants, taking her social persona with her.
    • Gives users control over their own data: An individual can keep his data in his decentralized web node.

Liquid-Mirror Telescope- India’s first International Liquid-Mirror Telescope (ILMT)

 

How Web 5.0 is different from Web 1.0, Web 2.0, & Web 3.0?

  • Web 1.0: It 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.
  • Web 2.0: next stage in the evolution of the web was the “read and write” Internet (Web 2.0).
    • Users were now able to communicate with servers and other users leading to the creation of the social web.
    • Web 2.0 is the world wide web that we use today.
  • Web 3.0: It 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.
  • Web 5.0: 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’.
    • However, Web 3.0 isn’t truly decentralized or owned by its users, but is instead controlled by various “venture capitalists and limited partners”.

 

What is Web3: Making India a Global Web3 Development Hub

What is Web3: Making India a Global Web3 Development Hub

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