With reference to Web 3.0, consider the following statements: 1. Web 3.0 technology enables people to control their own data. 2. In Web 3.0 world, there can be blockchain based social networks. 3. Web 3.0 is operated by users collectively rather than a corporation. Which of the statements given above are correct?

With reference to Web 3.0, consider the following statements: 1. Web 3.0 technology enables people to control their own data. 2. In Web 3.0 world … Which of the statements given above are correct? — UPSC Prelims 2022 Answer & Explanation

Science & Technology2022

With reference to Web 3.0, consider the following statements:

Web 3.0 technology enables people to control their own
In Web 3.0 world, there can be blockchain based social
Web 3.0 is operated by users collectively rather than a

corporation. Which of the statements given above are correct?

Explanation

The correct option is 1, 2, and 3 because Web 3.0 represents a decentralized internet framework where individuals regain ownership of their data, facilitated by blockchain technology. This architecture supports the development of blockchain-based social networks that operate collectively under user governance, rather than being controlled by centralized corporations. Such characteristics promote transparency, trust, and user agency, aligning with the principles of decentralization and self-sovereignty inherent in Web 3.0 advancements.

Previous Question Next Question