Understanding Web3 and Its Infrastructure
Taofeek Raheem
Understanding Web3 and Its Infrastructure.
Dec 11, 2023
The destiny of a great business rests on the shoulders of completed transactions. Folks in those days evolved through various means of performing transactions and sharing important information, which came along with different headaches and relentless hope.
It is very rare for a day to pass by without people sharing information or performing transactions. It is safe to conclude that we built our lives around these activities.
However, these activities were been hindered by different factors, which are not limited to loss of funds, confidential information falling into the wrong hands, complete loss of sensitive data, and unending governmental policies. Yet people kept on going, hoping for a better day to come.
The emergence of Web3 brought along tremendous transformation into various sectors, including the financial sector, by empowering individuals and organizations with self-authorization in controlling their financial lives without being controlled by governmental rule.
The number of Web3-supported transactions is increasing rapidly. For instance, in November 2022 JPMorgan Chase executed its first international blockchain transaction using tokenized deposits of the Japanese yen and Singaporean dollars. The transaction was a component of JPMorgan Chase and DBS Bank’s joint venture, which was part of Project Guardian.
In this article, I will explain Web3 and its infrastructure and ways you can benefit from it entirely or partly.
What is Web3?
According to Tim Berners-Lee, the amazing developer behind the development of the World Wide Web(WWW), referred to Web3 as the Semantic Web that was envisioned as an independent and open network that used AI and machine learning to act as a “global brain” and analyze information both theoretically and contextually.
In Simple terms, Web3 is the future generation of the internet which is built on blockchain technology and is controlled by its users.
Web3 is an innovative vision for the Internet and Dapp business models that offer users total control over their data by being transparent and open source.
Web3 gives room for peer-to-peer exchange rather than going through the hurdle of a corporate middleman. Your data is dispersed among numerous nodes as opposed to being kept in a single location (a database).
The Birth and Evolution of Web3.
A Skyscraper would not have been the king of the sky if not for the important role played by its foundation. It would also be unprofessional of me to dive into the realm of web3 without explaining briefly the foundation laid down by its ancestors Web1 and Web2.
Let me briefly explain Web1 and Web2…
What is Web1?
In 1990, while working as a computer scientist at CERN (a research facility in Europe) Berners-Lee spearheaded the first development of the Internet. He built much of the Web1 using “open protocols, which are means of information exchange that are available to everyone, not just certain businesses or organizations.
He had authored the three essential technologies that formed the web’s core Foundation by October 1990 which include:
HTTP (HyperText Transfer Protocol): This enables connected resources to be retrieved from the internet.
HTML (HyperText Markup Language): This is used for creating content on the web. It is also called the formatting language of the web.
URL (Uniform Resource Locator): This is a unique address that is used to identify each resource on the web.
The primary uses of the internet back then were for reading and communication with friends and strangers. As Web1 developed, more people and businesses started using the Internet for e-commerce, academic, and scientific research.
You can read more on the history of Web1 here.
What is Web2?
“The participative social Web” is the term used to define Web 2.0. It makes it possible for user-generated content to be accessed almost instantly by millions of people worldwide.
Web2 emerged in the mid-2000s as a result of users being able to produce their content due to a new wave of Tech company including Wikipedia, Twitter (now X), Facebook, and others.
Web2 made the internet a lot more interactive because of it developments in web technologies such as :
Although Web2 and Web3 applications can run on the same operating systems or browsers, their functionalities are essentially different. Web3 just requires some access (like WiFi), and most interactions may be completed offline on your smartphone. In contrast, Web2 requires an app store account and connecting your device to the internet.
Key Features of Web3
Artificial Intelligence (AI) and Machine Learning
Web 3.0 progressively increasing its accuracy making use of machine learning, a subfield of artificial intelligence (AI) that simulates human learning through the use of data and algorithms, .
AI can provide quicker and more efficient solutions by enabling computers and electronic devices to comprehend information exactly the way human beings does. Web3 with AI features will be far more effective when compared with deceptive human-based techniques like corrupted data or biased product reviews.
In contrast to the majority of present efforts, which focus mostly on targeted advertising, these capabilities will allow computers to deliver faster and more relevant results in a variety of fields like drug development and cutting-edge materials.
Blockchain and Decentralization
In Web 2.0, computers locate data that is kept at a fixed location, usually on a single server, using HTTP in the form of unique web addresses. Information on Web 3.0 can be stored in several locations at once since it will be found depending on its content.
This would give individuals more autonomy by dissolving the enormous databases that are currently owned by internet behemoths like Meta and Google.
The introduction of decentralization through blockchain technology makes it a noteworthy addition to the list of top Web3 features.
Therefore, Web3 apps and websites can guarantee cryptographic security for user data. Most importantly, decentralization can facilitate the growth of software and browser plugin communication.
3D Graphics
Since web3 can lower barriers between the real and virtual worlds, several experts have referred to it as the spatial web. Web3 promises to make interactions with three-dimensional virtual worlds or the metaverse easier while also contributing to a reinvention of graphics technologies.
One prominent feature of web3 programs and webpages is their three-dimensional design. Web3’s 3D visuals enable the creation of immersive worlds for critical applications in a variety of industries, including real estate, e-commerce, healthcare and gaming.
Authorization Issue
Web 3.0 will be permission-less which means that anyone can participate without authorization from a governing body and participants can interact directly across the network without passing through a trusted intermediary due to its open-source software foundation.
How Does Web3 Work?
I know that you might have been wondering how Web3 works in real life. Let me explain this is using areal-life analogy.
For instance, assuming you are planning a vacation and you are on a tight budget, you would have to spend hours searching through multiple websites, comparing prices, finding flights, lodging and car rentals.
Web 3 will enable intelligent search engines or bots to compile all of this data and provide specific recommendations based on your interests and profile saving you time and energy.
Also, Web3 stores your information on your cryptocurrency notecase. Using your wallet, you can connect with apps and communities on Web3, and you can take your data with you when you log off. You have the right to decide whether to commercialize the data because you are the one who owns it.
Pros of Web3
Improvement of Search Engine: The advantages extend well beyond the user, as companies can now optimize their websites for search engines in a more natural way rather than relying on complex keyword strategies.
Advancement of App Interface: Web3 provides a user friendly interface to internet users be it on the web or app.
Tokenization and Fundraising Opportunities: Through tokenization, Web3 creates a new channel for fundraising. Global investment and access to worldwide prospects are made possible by initial coin offerings (ICOs) and initial token offerings (ITOs). A shift in the way businesses acquire cash has occurred with the arrival of Decentralized Finance (DeFi), which makes decentralized fundraising possible.
Supply Chain Management: Transparency and traceability are guaranteed with blockchain-based supply chain management. Protecting brand reputations becomes possible by taking action to stop counterfeits. Businesses may track and trace their goods more effectively and become more efficient through improved inventory management.
Digital Identity Verification: Web3 simplifies customer onboarding procedures by providing decentralized and secure identity solutions. Using fraud and identity theft prevention strategies, companies can build trust in digital transactions.
Cons of Web3
When Web3 is completely deployed on the Internet, any websites built with Web1 technology will be rendered obsolete.
Web3 will make it simpler to obtain user data and erode privacy, therefore managing one’s reputation will be more crucial than ever.
For general adoption, Web3 technologies need to solve scalability issues.
What is Web3 Infrastructure?
Web3 infrastructure is simply referred to as a decentralized blockchain-based infrastructure (technologies, tools, and solutions) used by Web3 developers to build and operate decentralized applications efficiently.
Digital Asset Classification Standard(DACS) currently classified the major sectors of Web3 as DeFi, culture and entertainment, smart contract, currency, computing, platforms, and digitalization. But the important sector of web3 infrastructure only includes Smart contract and Computing.
Main Platforms of Web3 Infrastructure
Several platforms represent web3 infrastructure providing seamless solutions for developers and business owners. But here are the most prominent and common ones:
Technologies Used in Web3
Smart Contract
Smart contracts function independently as a digital agreement Without requiring human involvement. They enable the automatic exchange of goods between people including cash, real estate, and other assets. The main benefit is that there’s no need for an intermediary like a bank or attorney.
Computing Sector
According to DACS, the computing sector consists of protocols whose main goal is to create and maintain the Web3 and distributed computing infrastructure. As a result, their goal is to eliminate middlemen and decentralize services including databases, computation, networking, and cloud storage.
Protocols in this field can return data and information of ownership to network users by effectively accomplishing their goals.
New industries are also emerging in the computing sector, they include:
Shared Network
Private Computing
Shared Storage
Conclusion
The goal of Web3 is to provide people with more control over their data and online experiences. Business is changing as a result of the Web3 revolution. Its decentralized, transparent, and secure features are expected to spur innovation, empower people, and transform industries.
The digital revolution is about to usher in a new era of trust, transparency, and wealth, and it is up to businesses to take advantage of Web3. As web3 evolves, the demand for blockchain developers will increase rapidly. You can learn more about Blockchain here if you are new to the world of this incredible digital innovation.
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Posted May 28, 2025
Explained Web3 and its infrastructure, highlighting its impact and benefits.
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Dec 9, 2023 - Dec 11, 2023
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