Web 3.0 is one of the biggest buzzwords flying around the world of social media this year. And for good reasons, Web 3.0 innovations are on the verge of disrupting the digital world. In a world where centralized systems are making billions of dollars selling our personal information, it is no wonder decentralized systems are gaining steam. But there is one big problem. Despite hundreds of decentralized applications and thousands of developers studying Web 3.0, to date these applications have not guaranteed users data sovereignty. What is that and why is it important? Before we answer that, we need to clear up what Web 3.0 is and why it is important. Breaking down the phases of web growth: First there was Web 1.0 – broadly used first in the 1990s, the worldwide web was composed mainly of static web pages uploaded by web developers. Then there was Web 2.0, which launched in the early 2000s. This refers to the change from mainly static web pages to interactive, user-generated content. For example, social media sites such as Facebook, Twitter, TikTok and Twitch, as well as apps like Uber and Airbnb. Web 2.0 has created massive social media networks and massive volumes of data built on centralized networks on the Internet. Web 3.0 refers to the next generation of the web – with decentralized data networks that are open, trustless and permissionless. Made possible by the invention of the blockchain, Web 3.0 enables a fut...
