Why More and More Companies Are Embracing Web 3.0

Web 3.0 promises a fundamental change to the internet, strongly emphasizing consumer privacy -- an issue that has been thrown around for a while but not adequately addressed. Whereas Web 2.0 featured the internet as a platform for building applications, Web 3.0 features the internet on blockchain technology. Storing consumer data on blockchain decentralizes that data, and makes data use by companies transparent, reportedly protecting it from breaches. Returning data ownership back to consumers can potentially disrupt the tech industry since many tech giants would presumably lose access to the data that gave them a leg up on the competition. Blockchain is only one of the highly advanced technologies that will contribute to this evolution.