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 ?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2022
– 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).