The concept of a new decentralized web platform, termed as Web 5.0, is currently making headlines. Former Twitter CEO, Jack Dorsey, announced his aim to return “ownership of data and identity” to individuals through this technology. The World Wide Web (WWW), an invention of Tim Berners-Lee in 1989, has seen significant technological advancements over the past two decades. Web 5.0, being developed under Dorsey’s Bitcoin business unit, The Block Head, proposes to add another milestone to the evolution.
Main Components of Web Evolution
Web 1.0, also known as the “read-only” internet, was a groundbreaking development allowing users to passively engage with static web pages. The second stage of evolution, Web 2.0, introduced the “read and write” internet, enabling server-user communication and paving the way for a social web. The Web as it exists today falls under this category.
Web 3.0, the next generation, is referred to as a “read-write-execute” web rooted in decentralization. Leveraging blockchain technology, it envisions a digital world without intermediaries. The emphasis here is on artificial intelligence and machine learning, with machines interpreting information like humans.
The Promise of Web 5.0
Web 5.0, although still in its early stages, aims to redefine user control over data and identity. Essentially combining Web 2.0 and Web 3.0, it emphasizes user ownership of online identity and data control. The underlying idea behind both Web 3.0 and Web 5.0 is a censorship-free Internet, free from significant outages.
Significance of Web 5.0
The concept of Web 5.0 invites users to decide whether their anonymized data will be encrypted on a decentralized blockchain or sold to vendors for advertising and monetization. It shifts the control of an individual’s identity, allowing them to have full control over their data.
Challenges and Uncertainties Surrounding Web 5.0
Web 5.0 is still an idea in its infancy, with no immediate implications. The potential contention between governments and Web 5.0 promoters over decentralization and freedom from government intervention raises questions. There’s also unclarity about the operational mechanisms, control structure, and safety for vulnerable groups like women and children.
Way Forward with Web 5.0
Technical challenges and regulatory concerns necessitate a comprehensive blueprint and policy from both government and promoters. Testing in the real world is crucial to gauge its efficacy. Upholding personal data safety and individual privacy should be priorities. The platform should not be hijacked by venture capitalists for their gains or undermine political systems.
Moreover, a regulatory body needs to be established to oversee the emerging technology.
UPSC Civil Services Examination Query
A previous year question from the UPSC Civil Services Examination explored the concept of Blockchain Technology, as it forms the core of Web 5.0. The question evaluated the understanding of Blockchain Technology’s fundamental properties and was answered as per the explanations of the Blockchain public ledger process.
