Web 3.0! Is India Ready for the Next Internet Revolution from Web 2.0?

Web 3.0 is ready to enter India, but is India ready to move forward from its long-used Web 2.0?

The world is welcoming the next internet revolution, Web 3.0, which is focused on decentralization.  Web 3.0 is creating an opportunity for websites and applications to process information in a smart human-centric approach. The digital ecosystem is ready to move forward from Web 2.0 was driven by three core layers of innovation known as mobile, social, and cloud. Web 2.0 is still reaping the fruits and we all are getting benefits from it. Meanwhile, the Semantic Web, as per Tim Berners-Lee, is set to create a fundamental disruption across the world, including in India. Web 3.0 in India will dramatically affect the existing work processes efficiently and effectively. Thus, let’s dig deep into whether India is ready for adopting the next internet revolution and move on from Web 2.0 in the nearby future.

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India on Web 3.0

Web 3.0 is the game-changer for India in every industry possible in the nearby future. Web 2.0 is all about search engines while Web 3.0 is about finding engines. India can transform its revenue return while adopting the capabilities of this semantic web that the whole world is anticipating to experience. Since there is a constant issue of the digital divide in India for a very long time, people are concerned about Web 3.0 in India. It also includes some challenges in every aspect like technological, social, cultural when we are talking about India on Web 3 point 0. There is a low domain penetration in India that is calculated by the number of domains owned by a country divided by the number of internet users. It has been observed that the domain penetration in India is only 0.6% meanwhile, the USA has 43%. But the USA ranks third after India as per the total population rate. Still, India’s domain penetration shows much lesser than that of the USA. It is due to multiple reasons such as the proper utilization of the internet, per capita income, and many more. Budding entrepreneurs are enthusiastic about leveraging Web 3.0 in India to grab the potential opportunities being offered by the semantic web. Multiple venture capitalists are highly interested in investing millions of dollars in Indian companies that have started to adopt, leverage, and invest in semantic web to promote the status of India on Web 3 point 0. This is all because they consider that India is in a good position to reap the benefits of Web 3.0 to boost productivity and revenue with more transparency. With the right policies and regulations, Web 3 point 0 in India can enhance the lives of Indians while creating more jobs and opportunities to gain a thriving economy. The Government of India needs to impose a well-planned agenda for India to be ready for the next internet revolution after Web 2.0. India is known for having one of the largest communities of start-ups, developers, as well as innovators across the world. Despite being a developing country, India provides one of the fastest-growing internet consumer markets in the world. Web 3.0 in India holds the potential to make the country an inclusive digital society with its democratizing benefits of digital technologies. Web 3.0 is ready to acknowledge and improve multiple inefficiencies of Web 2.0 efficiently and effectively. One of the Indian state governments, Telangana, has accredited Web 2.0 and Web 3.0 blockchain start-ups known as India Blockchain Accelerator Program. The main aim is to foster early-stage Web 2.0 and Web 3 point 0 start-ups to help them solve multiple real-life challenges. Investors consider that India is set to provide a plethora of opportunities to lead the rest of the world on the successful development of a blockchain and cryptocurrency ecosystem with Web 3.0 in India.