We have been hearing the term web3 since last few years. Yet we don't have the strong implementation of even the web2. Say you have the wallet based authentication and the finance, yet you are not into the true decentralization and adoption of even the technical process as of yet. So if we are to look for in the blockchain 3.0 what we can expect out of the same?
In first iteration of the blockchain 1.0 we had the proof of work blockchains and the big adoption drives where people were pushing for crypto adoption. And in 2nd iteration of the blockchain 2.0 we developed p2p marketplaces, exchanges, DeFi and the smart contract.
So what are we going to look at in the blockchain 3.0? What is likely to happen in upcoming times in the web3 tech? Let's take a look at what is being developed in blockchain 3.0.
We have few of the projects currently running for the AI integration with the blockchain. And they are making sure that the data related chains and the smart contracts are going to have an impact of the AI and the LLM models. In short using the AI they can speed up the development and the data harvesting in upcoming times as well. This would be the real web3 where users burden of data and blockchain exposure would reduce and more work gets done.
Blockchains making use of the AI would get you access to the data lot easier. You would be able to use AI for going through the blockchain docs. You can also command the AI to make the smart contracts. You would also develop small amount of the dApps into the chain. This kind of makes things easier with the AI added into the chain. AI is going to make living the blockchain life lot easier. You can check out one of the AI and blockchain integration reference here.
Think of the device like say some raspberry pi based device that allows you to read the temperature of the factory. You want to record it on every 6 hours in the chain. And also the logging on the chain is possible. This would be something that can be used for long term data. Say something like those chains where the data is being hosted on the blockchain.
IBM has used the IOT and the blockchain has been used in the pharma and the transportation fields. This would be something a lot of other business would use as well. You can check the reference here. Companies like IBM or someone like DHL also has the variety of such IOT device based data collection in the blockchain as well. In retail market we have to think of this data as more valuable over a period of time.
Blockchain 3.0 is going to change the way we have the current standards of the blockchain. For example ethereum has the 15TPS speed on the chain, when the blockchain 3.0 comes out we are going to see the 10,000 tps. Like this you would be able to use the AI for building the smart contract and also the triggers for the validation and the oracle services would be also handled with AI too.
You can expect the decentralized system like DePIN making it's project easier on the cloud. So in upcoming future you would see the people making use of the akasha network like DePIN system that would make the project deployment possible. In short we can expect the web3 and the blockchain 3.0 making the things move lot easier and quicker. In short everything would get much quicker speed in chain.
Blockchain 3.0 is changing the future a day at a time. Web3 is like grand scheme and we are not even there yet. We have mix of the centralized and decentralized tech being deployed on the chain making working with other chains and their layers easier.
