Technology Trends for 2022: Is Web 3.0 Coming?

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As technology continues to take center stage as a key differentiator for companies, new tech trends for 2022 are beginning to emerge. These trends are largely reflective of the changing realities around us. Successive global lockdowns have opened up a world of possibilities around virtual experiences and digital interactions. The increased urgency around resource scarcity, both human and natural, has also led to the introduction of technology geared towards efficiency and sustainability. These growing trends are part of a larger directional shift of the world wide web to Web 3.0.

What is Web 3.0? 

To understand the concept of Web 3.0, we need to take a step back and understand the larger evolution of the internet that brought us to this point.

Web 1.0, the original conception of the internet, was a largely static, one-to-many format where users could view web pages but do little beyond that.

Web 2.0 introduced the concept of a worldwide community of internet users, encouraging them to form social media groups, interact with each other and create virtual experiences. Web 2.0, the current form of the internet, is still by large the most influential, but Web 3.0 is now slowly coming into its own.

Web 3.0 takes the notion of the ‘community and expands it to include community ownership and regulation of the internet as a whole. Three key philosophies are involved in web 3.0 definition:

  • The internet is ‘open’ and is built with open-source software that anyone can create, utilize and modify.
  • Interactions between users are not governed by a trusted third-party regulatory body.
  • Anyone can participate, without requiring permission