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Third-gen web (Web 3.0)

GS Paper 3

 Syllabus: Science and Technology

 

Source: TH

Context: India’s push towards digital public infrastructure and the deployment of the Internet of Things in development projects offers significant possibilities for deploying Web 3.

 

What is World Wide Web? 

It is a collection of websites or web pages stored in web servers and connected to local computers through the internet.

 

What is Digital public infrastructure (DPI)?

It refers to the technology and digital systems that are publicly owned or publicly provided to enable the delivery of public services, facilitate access to information, and promote digital inclusion. E.g., the Aadhaar system, BharatNet project, and Unified Payments Interface (UPI) system.

 

How India can benefit from the third-generation web:

Area of BenefitExample
Intellectual Property Rights ProtectionDigital tokens minted by Web 3 platforms can enable India’s handicraft industry to secure their innovations
Rapid Dissemination of Grassroots InnovationsWeb 3-based instruction tools can enable master artisans to share their innovations with fellow members, improving the economic fortunes of craftsmen and artisan communities in north-east, western and peninsular India
Deployment in Rural AreasWeb 3.0 can be used to provide data analytics and insights in rural development projects MGNREGA, mapping the water use habits of communities, and improving early warning systems for floods
Community Data AnalyticsWeb 3.0 analytics systems can be used to analyze community data generated by IoT-enabled development programs like the Jal Jeevan Mission, providing valuable insights
Tokenization for Development ProgramsIndia’s National Blockchain Strategy 2021 proposes to explore tokenization and apply blockchain solutions for development programs, making Web 3.0 a useful tool for achieving this goal
Creation of distributed economic systemNative digital tokens, Central Bank Digital Currency and cryptocurrencies would be used for monetary circulation, making the transaction fast, traceable and effortless.
Creation of an ownership economyWeb3’s non-custodial wallets function as digital passports for users to access blockchain-enabled transaction platforms. Using these, creators themselves control their content. Fundamentally, they work as digital proof of identity.

 

Challenges in the deployment of Web 3.0:

  • Limited awareness and understanding of the technology
  • Inadequate infrastructure
  • A lack of technical expertise
  • Absence of clear regulations and policies for Web 3.0 implementation
  • Issues related to privacy and data security
  • High cost of hardware and software needed for Web 3.0 deployment

 

Government Initiatives:

 

Note: “Web3” and “Web 3.0” are two terms used interchangeably to refer to the third generation of the internet.

 

Insta Links:

Blockchain project to explore the potential of Web3

 

Prelims Links

With reference to Web 3.0, consider the following statements: (UPSC 2022)

  1. Web 3-0 technology enables people to control their own data.
    2. In the Web 3.0 world, there can be blockchain-based social networks.
    3. Web 3-0 is operated by users collectively rather than by a corporation.

 

Which of the statements given above are correct?

[A] 1 and 2 only [B] 2 and 3 only [C] 1 and 3 only [D] 1, 2 and 3

 

Answer: D