WHAT IS WEB 5.0, JACK DORSEY'S VISION FOR INTERNET OF THE FUTURE?

Contact Counsellor

Last Updated15/06/2022

Former Twitter CEO Jack Dorsey recently announced his vision for a new decentralised web platform that is being called Web 5.0
It is being built with an aim to return “ownership of data and identity to individuals”.

Web 1.0 was the first generation of the global digital communications network.
It is often referred to as the “read-only” Internet made of static web-pages that only allowed for passive engagement.
Web 2.0- “read and write” Internet.
Users were now able to communicate with servers and other users leading to the creation of the social web.
This is the world wide web that we use today.
Web 3.0 - “read-write-execute”
Web with decentralization as its bedrock.
It speaks about a digital world, built leveraging the blockchain technology, where people are able to interact with each other without the need of an intermediary.
Will be driven by Artificial Intelligence and machine learning where machines will be able to interpret information like humans.

We struggle to secure personal data with hundreds of accounts and passwords we can’t remember.
On the web today, identity and personal data have become the property of third parties.
Aimed at building an extra decentralized web that puts you in control of your data and identity.
democratized the exchange of information, but it’s missing a key layer: identity.
Web 5.0 is Web 2.0 plus Web 3.0 that will allow users to own their identity on the Internet and control their data.
Both Web 3.0 and Web 5.0 envision an Internet without threat of censorship from governments or big tech, and without fear of significant outages.
Web 3.0 isn’t truly decentralized, but is instead controlled by various venture capitalists and limited partners.