Question 17 from UPSC CSE 2022 - S&T

Question

With reference to Web 3.0, consider the following statements:
1. Web 3.0 technology enables people to control their own data.
2. In the 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?

IASCODEX · Accepted Answer

Correct Option: D. 1, 2, and 3

Strategy: - Identify core Web 3.0 principles: decentralization, user data control, and blockchain applications.
- Verify that each statement (1, 2, and 3) directly reflects these core features.
- Confirm specific alignments:
    - Statement 1 aligns with user data sovereignty.
    - Statement 2 refers to blockchain-based social networks.
    - Statement 3 relates to collective user operation and decentralization.
- Conclude that all statements are correct due to their accurate reflection of Web 3.0 features.

Key Info: Web 3.0, also known as Web3, represents the next evolutionary phase of the internet. It emphasizes decentralization using blockchain and peer-to-peer (P2P) networks.

This phase aims to shift data control from centralized corporations to individual users, fostering personal ownership and greater privacy. Blockchain underpins the infrastructure, supporting:

- Cryptocurrencies
- Decentralized social networks
- Decentralized finance (DeFi)
- Decentralized applications (dApps)

Unlike traditional Web 2.0, where companies own and monetize user data, Web 3.0 facilitates self-sovereign data storage, cryptographic identity verification, and direct value exchange without intermediaries. Users participate in network governance via tokens and smart contracts.

Examples of blockchain-based platforms for decentralized social media include Mastodon and Lens Protocol. While the technology is still emerging, its potential to democratize the internet is a key discussion point for governments, technologists, and regulators globally.

IASCODEX · Answer

Option A: 1 and 2 only

IASCODEX · Answer

Option B: 2 and 3 only

IASCODEX · Answer

Option C: 1 and 3 only