Home Web information What is Web 5.0 – the blockchain-powered digital network the ex-Twitter CEO wants to build?

What is Web 5.0 – the blockchain-powered digital network the ex-Twitter CEO wants to build?

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Former Twitter CEO Jack Dorsey recently announced his vision for a new decentralized web platform called Web 5.0 and built with the goal of returning “ownership of data and identity to individuals”. What is Web 5.0 and how will it be different from Web 3.0 and Web 2.0?

What do the terms Web 1.0, Web 2.0 and Web 3.0 mean?

Web 1.0 was the first generation of the global digital communication network. It is often referred to as the “read-only” Internet, consisting of static web pages that only allowed passive engagement.

The next step in the evolution of the Web was the “read-and-write” Internet. Users could now communicate with servers and other users leading to the creation of the social web. It is the World Wide Web that we use today.

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Web 3.0 is an evolving term that is being used to refer to the next generation of the Internet – a “read-write-run” Web – with decentralization as its foundation.

It speaks of a digital world, built on the basis of blockchain technology, where people can interact with each other without the need for an intermediary. Web 3.0 will be driven by artificial intelligence and machine learning where machines can interpret information like humans.

What is Web 5.0?

Developed by Dorsey’s Bitcoin business unit, The Block Head (TBH), Web 5.0 aims to “build an extra-decentralized web that puts you in control of your data and identity.”

Speaking about the idea on its website, TBH says: “The web has democratized the exchange of information, but it lacks a key layer: identity. We struggle to secure personal data with hundreds of accounts and passwords we can’t remember. On the web today, identity and personal data have become the property of third parties.

Simply put, Web 5.0 is Web 2.0 plus Web 3.0 that will allow users to “own their identity” on the Internet and “control their data”.

Both Web 3.0 and Web 5.0 envision an Internet without the threat of censorship – from governments or big tech, and without fear of major outages.

Responding to a question from Twitter if there was a difference between Web 5.0 and Web 3.0, Dorsey argued that Web 3.0 is not truly decentralized or owned by its users, but rather controlled by various “capitals”. -risks and sponsors”.

What are the use cases for Web 5.0?

On its website, the TBT presents two use cases of how Web 5.0 will change things in the future.

About the “identity control” change, it says: “Alice holds a digital wallet that securely manages her identity, data, and permissions for external apps and logins. Alice uses her wallet to log into a new decentralized social media app. Because Alice signed in to the app with her decentralized identity, she doesn’t need to create a profile, and all connections, relationships, and posts she creates through the app are stored with her, in its decentralized web node. Now Alice can switch apps whenever she wants, taking her social personality with her. »

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Talking about giving users control over their own data, he cites the example of another user, Bob, and describes him as a music lover who hates having his personal data locked to one provider because it forces him to regurgitate his playlists and songs over and over again. again on different music apps.

“Fortunately, there is a way out of this maze of vendor-locked silos: Bob can keep this data in his decentralized web node. This way, Bob is able to grant any music app access to his settings and preferences, allowing him to take his personalized music experience anywhere he wants,” he adds.