Web3: Unveiling a World of Opportunity for Everyone

There has been a massive transformation of the internet technology over the years and with Web 3 emerging as the next iteration of the internet technology. We've transitioned from from Web 1.0 (read-only websites) to Web 2.0 (interactive platforms with user-generated content) and now Web3.

Many people are still unaware. Web3 is the future and it presents unique opportunities for users including, giving them the power to take control of their digital assets and data.

This is something Web 2.0 never gave to users. Users data was controlled and manipulated. Web2 is centralized and controlled by central players, but Web3 is built on the core principles of decentralization. with Web3 data is stored on distributed ledgers called blockchains, which are essentially secure databases replicated across multiple computers.

This distributed system of data across multiple computers makes data tampering very difficult thereby securing users data. Another exciting aspect of web3 is how users can monetize their own data unlike web2 platforms where user data is often exploited and monetized by large companies.

Mr. Spencer Korankye shed light on web3 opportunities during our recent conference (The New Internet). Mr. Korankye is a business consultant who loves techpreneurship. He a is prominent advocate for Web3 and he believes Web3 blockchains like Hive has the potential to reshape the internet landscape and will empower many users. He urge the students of KNUST to take leverage the opportunities owe Web 3 for good.