As the first province in the nation to implement the third generation of the World Wide Web, the Punjab government inaugurated a Web 3.0 portal on Monday.
For the registration of Web 3.0 contributors, including researchers, scientists, and IT industry professionals, a unique web portal (web3.punjab.gov.pk) was developed. Through the platform, national and international businesses using Web 3.0 technologies can also provide their insightful input.
A committee headed by the finance minister of Punjab, Mohsin Leghari, and the minister of information technology (IT), Dr. Arslan Khalid, was established by Punjab Chief Minister Chaudhry Parvez Elahi. The group met at Arfa Software Technology Park.
It all began with web 1.0 (1990–2004), also known as “read-only Web,” followed by web 2.0 (2005–2014), also known as “participative social,” and web 3.0 (2015–on), also known as “read, write, execute Web.”
The third version of the internet, known as Web 3.0, incorporates various disruptive technologies, including 5G, the cloud, the edge, the internet of things, blockchain, augmented reality, and virtual reality. It utilises a data-driven analytics layer powered by AI.
The Blockchain technology that underpins it promotes trust and offers the highest level of data protection. Briefly stated, Web 1.0 established a new platform for digital material, Web 2.0 provided user-driven content & input, and Web 3.0 represents highly customized content supported by most contemporary technology.
A faster, richer, more secure, and more robust internet would be made possible thanks to Web 3.0’s characteristics. This would change how we interact with the digital world in the following ways: Getting rid of middlemen and brokers. We won’t need to use fee-based intermediaries when using Web 3.0 to communicate with any person or computer globally.
Societies can improve their efficiency by removing rent-seeking intermediaries and directly giving the value created back to the network’s suppliers and customers. This change may open up a whole new range of enterprises and business structures that were previously unthinkable.