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Why the Net Giants Are Worried About the Web 3.0
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Why the Net Giants Are Worried About the Web 3.0

Matteo Gianpietro Zago
Medium, 2018
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Editorial Rating

6

Qualities

  • Analytical
  • Innovative

Recommendation

Although many love social media and the joys of Web 2.0, those technologies have helped to consolidate Internet power among a relatively small group of giant tech companies. In this post on the Medium platform, Matteo Gianpietro Zago, founder of Essentia.one and chairman of The Internet of Blockchains Foundation, explains how blockchains are poised to decentralize the net and transform it into a more egalitarian electronic society. The prose isn’t the cleanest – and Zago’s bias is heavy – but getAbstract recommends this read for anyone interested in the possible future of the Internet.

Take-Aways

  • The Internet was once seen as a potential utopia, where everyone would have equal access to information and online services.
  • The emergence of Web 2.0 and the social web consolidated power among a handful of huge tech corporations.
  • Blockchain provides the technology framework to decentralize many aspects of the web.

About the Author

Matteo Gianpietro Zago is the founder of Essentia.one and the chairman of The Internet of Blockchains Foundation. He is also a frequent tech contributor at Medium.com.

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