Web Evolution - Blockchain

Web 1.0  -  Static Web - The Dot-Com Rush of Search and Discover

In the beginning, the internet was about discovery, registering your domain address and putting up a few pages that drifted in the vastness of cyberspace. Search engines and browsers began to duke it out for dominance. The dot-com era was on and startups raised fortunes and some lost fortunes but the ones that survived the bubble, rang in a new era of information, online services and transaction. Household names like AOL and Netscape faded into obscurity and giants like Google took their place. E-commerce sites like Amazon began to nibble at retailers causing them to rethink their traditional roles and take on their own e-commerce strategies.

 

Web 2.o - The Social Web of Peer to Peer Interaction and User Interest

The advent of peer-to-peer for true interaction between the global crowd of social users interacting across social media. Social Media created a huge opportunity for billions of businesses and individual users to easily interact and transact turning interests into income on platforms like YouTube and Pinterest and innovative startups like Facebook into goliaths. New and innovative methods of interaction with the crowd of users quickly began to reshape industries and touch the foundations of government, finance and, commerce. But as with all innovations come certain points of failure and in this case, opening up institutions to an unprecedented level of hacking attacks and industry and government scrambling to deal with security and regulatory nightmares.

 

Web 3.0 - The Paradigm Shift to Trust-Based Decentralized Ledger and Transactions

You have heard the names and perhaps even stuck your toe into cryptocurrencies a bit but that's just the tip of the iceberg. The Blockchain technology is the underpinning of the decentralized secure internet, an internet where core services like DNS and digital identity are decentralized, and where individuals can engage in economic interactions with each other. The blockchain  is an unbreakable chain of secure ledger records whether for smart contracts or secure tokens. Records cannot be changed and a chain of timestamped ownership follows each transaction giving them an unprecedented level of security and certification. There are innovative platforms like Ethereum that open up developers to rapidly deploy vast numbers of apps across industries and consumer applications. Systems in the future that utilize artificial intelligence, smart contracts, and secure transactions will change the face of business and government