The internet is the greatest technological advance of our lifetime. While the benefits of technology to society and the economy are abundantly evident, there are several areas of learning and improvement that are currently steaming ahead.
A new transparent and secure model of internet Web 3.0 has been making headway in addressing the concerns associated with previous iterations of our online lives. And, it’s all happening with the help of blockchain technology, decentralized networks, and artificial intelligence
A Brief History
In Web 2.0 however, people started engaging more with the internet through comment features, chatrooms, and social media platforms. With more online exposure, the definition of identity changed as a digital print that the user left whenever they interacted with the internet. Web 2.0 had several problems, including users having little control over their data ownership and misuse of private data without consent.
The world wide web is now protected using several privacy-preserving technologies that are sophisticated and require in-depth knowledge to understand. Web 3.0 utilizes this technology to give users back control of their digital identities, by leveraging distributed, interoperable and self-sovereign applications.
One of the biggest advantages of Web 3.0 applications is that they are scalable and leave room for improvement. For instance, blockchain technology has emerged as one of the most reliable ways to secure users’ private data. Several Web 3.0 applications are now integrating the use of blockchain technology to create a secure and private identity management system.
I am curious to know if there is any platform that is making use of Web 3.0 to secure the digital Identity of an Individual?!