With reference to Web 3.0, consider the following statements: 1. Web 3.0 technology enables people to…

With reference to Web 3.0, consider the following statements: 1. Web 3.0 technology enables people to control their own data. 2. In Web 3.0 world, there can be blockchain based social networks. 3. Web 3.0 is operated by users collectively rather than a corporation. Which of the statements given above are correct?
  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Solution

Web 3.0 is characterized by decentralization (user data control), blockchain-based applications including social networks, and collective ownership/operation by users rather than central corporations.

Asked in: UPSC Prelims 2022

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