Web 5.0

In News

• Former Twitter CEO recently announced his vision for a new decentralised web platform that is being called Web 5.0.

About Web 5.0

• Developed by?
  • Bitcoin business unit, The Block Head (TBH).
• Meaning:
  • Referred to as the Next web: web 5.0 combines the attributes of an open, linked and intelligent web to produce an emotional web.
  • It will map individuals’ feelings in real time and know what the person is feeling due to his interaction with the web.
• Aim:
  • It is aimed at building an extra decentralised web that puts you in control of your data and identity.
  • 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.
• Applications/ Use:
  • Changing the control of identity: It holds a digital wallet that securely manages her identity, data, and authorizations for external apps and connections.
    • Wallet will be used to sign in to a new decentralised social media app.
  • Decentralised web node: Wallet has connected to the app with her decentralised identity, she does not need to create a profile, and all the connections, relationships, and posts she creates through the app are stored with her, in her decentralised web node.

Various Generations of Web 

• WEB 1.0 (The Read-only Web)
  • The early Internet consisted mostly of web pages linked together by hyperlinks.
  • It is labelled as a read-only network because it was a static platform with no social features.
  • Moreover, for the most part, the web user was a passive observer, and most of the user feedback occurred offline.
• Web 2.0 (The Social (Read-Write) Web)
  • A Platform 2.0 website enables users to engage and communicate with one another as developers of user-generated content in a virtual environment through social media discussion.
  • This is in contrast to the first generation of Web 1.0-era websites, where users were restricted to passively browsing content.
• Web 3.0 (The Semantic (Read-Write-Execute) Web)
  • Web 3.0 is the advanced wave of information technology for websites and smartphones, focusing on delivering a data-driven and interactive web through machine-based information processing.
  • The semantic web’s ultimate aim is to build more knowledgeable, connected, and accessible websites.
  • Smart home systems that use cellular networks, as well as the Internet of Things are two such examples of just how Web 3.0 is now influencing innovation.
• Web 4.0 (The Mobile Web)
  • The mobile web is already a work in progress, with no clear understanding of what it would entail.
  • Platform 4.0 is often referred to as the symbiotic web. The symbiotic web’s fantasy is contact between humans and computers in symbiosis.
• Web 5.0 (The Intelligent / Emotional (Symbiotic) Web)
  • The arrival of smart devices that predict your needs based on your habits without including many clues foreshadows what is to come with the Intelligent Web.
  • Symbiotic web programs will be able to interpret evidence on a more complex level, both emotionally and intellectually.

Issues/ Challenges associated with current Web

• A missing layer: The web democratised the exchange of information, but it is missing a key layer that is identity.
• Personal data: We struggle to secure personal data with hundreds of accounts and passwords. Identity and personal data have become the property of third parties in today’s world.
• Ownership: Web 3.0 is not truly decentralised or owned by its users, but is instead controlled by various venture capitalists and limited partners.

Significance of Web 5.0

• Internet without threat of censorship: Both Web 3.0 and Web 5.0 envision an Internet without threat of censorship from governments or big tech, and without fear of significant outages.
• Emotive interaction: Increased in creativity of the user due to the emotive interaction with the web.
• The E-commerce field will adapt to the emotive nature of the web and develop a real time interaction with the users.
• Increase in demand in the marketing and advertising sector: as posts will need to be interactive and personal to suit users.

Source: IE