Blockchain in Web3.0

Abstract

With the emergence of web2.0 the internet experienced a transformative shift in the sectors of organization and sharing of data. This era introduced interactive and user-generated content-based platforms which allowed communications and information to become bidirectional between clients and servers. It also revealed several vulnerabilities that arose from the intermediary dependency and central control. Web3.0 is the next step in this evolution of the internet that offers a promising decentralized, user-centric, and secure digital ecosystem. The core enabling technology of this evolution is blockchain, a distributed and immutable ledger that has extended its influence in recent years far beyond the realm of digital currencies to become a fundamental component of web3.0. This chapter explores the merging of blockchain and web3.0 to create an integrated digital landscape that overcomes previous vulnerabilities, practical strategies of integration, combined impact and diverse use cases such as DeFi, DApps and DAO.