Catalyst: Transition from Web2 to Web3

The internet is evolving from Web2's centralized model, dominated by a few tech giants, to Web3's decentralized future. Web3 dismantles walled gardens, distributing data and applications across a peer-to-peer network. Imagine information not on a single server, but replicated across countless computers. This fosters transparency and eliminates censorship. Users, not platforms, own their data. Web3 empowers creators - artists can issue tokens tied to their work, allowing fans to directly support them and even own a piece. Tokens act as the fuel for a new economy, rewarding users for contributing to projects and fostering a more collaborative online experience. This shift towards decentralization has the potential to create a more equitable and user-centric internet, one where power lies not with corporations, but with the users themselves.

Authors

Publication Details

Published
2024-12-20
DOI
https://doi.org/10.1109/icaiqsa64000.2024.10882407
Citations
1
Primary Topic
Service-Oriented Architecture and Web Services
Type
article
Field-Weighted Citation Impact
0.78
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article

Catalyst: Transition from Web2 to Web3

Vaishali Savale, Mayur Patil, Dhiraj Pawar, Parth Shethji
1 citations
Service-Oriented Architecture and Web Services
0.78
article

Catalyst: Transition from Web2 to Web3

Vaishali Savale, Mayur Patil, Dhiraj Pawar, Parth Shethji
article en
1 citations

Abstract

The internet is evolving from Web2's centralized model, dominated by a few tech giants, to Web3's decentralized future. Web3 dismantles walled gardens, distributing data and applications across a peer-to-peer network. Imagine information not on a single server, but replicated across countless computers. This fosters transparency and eliminates censorship. Users, not platforms, own their data. Web3 empowers creators - artists can issue tokens tied to their work, allowing fans to directly support them and even own a piece. Tokens act as the fuel for a new economy, rewarding users for contributing to projects and fostering a more collaborative online experience. This shift towards decentralization has the potential to create a more equitable and user-centric internet, one where power lies not with corporations, but with the users themselves.

Openalex Percentile: Top 17%
Service-Oriented Architecture and Web Services
0.78
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