- Statement 1: Web 3.0 aims to empower users with greater control over their data, moving away from centralized platforms where personal data is owned and controlled by corporations. This is a core principle of the decentralized web. - Statement 2: Blockchain technology is a fundamental component enabling decentralization and data ownership in Web 3.0. It can be used to build decentralized applications (dApps), including social networks, where interactions and data storage are distributed across a network rather than controlled by a single entity. - Statement 3: Web 3.0 envisions a more decentralized internet, where power is distributed among users and contributors rather than concentrated in large corporations that currently dominate the web. This is facilitated by technologies like blockchain, peer-to-peer networks, and decentralized autonomous organizations (DAOs).
With reference to Web 3.0, consider the following statements : Web 3.0 technology enables people to control their own data. In Web 3.0 world, there can be blockchain based social networks. Web 3.0 is operated by users collectively rather than a corporation. Which of the statements given above are correct ?
Asked in UPSC IAS 2022 · Topic: Future Trends in Information and Communication Technology (Blockchain Technology and Distributed Ledger Technologies (DLT))
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Answer: D. 1, 2 and 3
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