As the infrastructure of Web 3.0
The first way that blockchain technology will be used in Web 3.0 is in terms of infrastructure. It is the decentralized nature of blockchain tech such as the Crypto coin Ethereum that will allow the Internet to continue to evolve into its new form.
This is a form that many believe to be ultimately heading to a fully peer-to-peer network. Something that, in turn, means users will no longer be dependent on centralized servers, and that they can expect a much more individual and connected experience. Without blockchain tech, this type of decentralized network on such a vast scale would not be possible.
To Offer D Apps
Another way that blockchain technology will be utilized in Web 3.0 is in running decentralized apps or D Apps. D Apps are applications that run in a decentralized manner.
What this means is they offer the features and functions of the apps we know and love, but without a single controlling entity being in charge of the network. Instead, they operate on a peer-to-peer system, something that results in a host of benefits.
The benefits of D Apps include integration with cryptocurrency, which means payment should be easier, faster, and cost less. Then there is the fact that D App can be open source, which encourages more development and improvement. Lastly, because D Apps do not work on a centralized system, even if one element goes down, the app will continue to work, meaning less disruption to productivity.
To improve privacy and security
Lastly, another vital way that blockchain technology will be used in Web 3.0 is to improve security. Indeed, there are many ways in which blockchain can help to offer a safer and more private user experience.
The first of these is that blockchain tech makes large centralized data storage facilities redundant. This is good news for users because security infringements from such facilities are common, and can provide hackers with access to vast amounts of information in a single breach. Instead with blockchain tech, information stored on web 3.0 will be distributed across a network of machines, giving them access to minimal amounts of data.
Blockchain technology also means fewer cybersecurity risks in Web 3.0. The reason is that not only is any information distributed across multiple machines, but also the network itself. This means hackers would need to gain access to over half the computers that make up the decentralized network that hold any information. This makes effective hacks much harder and so less likely to occur.
Also, blockchain tech can help make it easier for users to see precisely what information a business or app has on them. This is because blockchain records are public, and cannot be altered or changed in any way, this means users will easily be able to see who has what information.