With reference to Web 3.0, consider the following statements:

Web 3.0 technology enables people to control their own data.
In Web 3.0 world, there can be blockchain based social networks.
Web 3.0 is operated by users collectively rather than a corporation.

Which of the statements given above are correct?

(a) 1 and 2 only

(b) 2 and 3 only

(d) 1, 2 and 3

This topic of “With reference to Web 3.0, consider the following statements:” is important from the perspective of the UPSC IAS Examination, which falls under General Studies Portion.

Explanation

Based on the given statements about Web 3.0, the correct answer is:

(d) 1, 2 and 3

Here’s a detailed explanation of each statement:

Web 3.0 technology enables people to control their own data.
- True. Web 3.0 aims to give users control over their data ownership and monetization, allowing them to decide how they want to collect, store, and sell their data.
In Web 3.0 world, there can be blockchain-based social networks.
- True. Web 3.0 social media platforms focus on decentralized internet technology, using blockchain-based systems to empower users and provide more power and privacy.
Web 3.0 is operated by users collectively rather than a corporation.
- True. Web 3.0 is decentralized, with distributed control to provide greater autonomy for content creators and users. Decisions and governance are made collectively by users holding governance tokens, rather than by central corporate authorities.

Learn more

Web 3.0 is the next generation of the internet, focusing on decentralization, openness, and greater user utility.
It aims to provide a more “intelligent” and responsive web experience, with data organized in a more logical structure and AI better able to understand it.
Key features of Web 3.0 include decentralized governance, autonomous and artificially intelligent applications, and redefined data ownership.
Blockchain technology is a core component of Web 3.0, enabling decentralized data management and secure transactions.
Web 3.0 social media platforms are gaining traction due to their focus on privacy, community-centric interactions, and transparent operations.
Decentralized Autonomous Organizations (DAOs) are a key concept in Web 3.0, distributing ownership and decision-making authority more evenly among users.