With reference to Web 3.0, consider the following statements:
1. Web 3-0 technology enables people to control their own data.
2. In 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?
Explanation
Correct answer: (d) 1, 2 and 3
Statement 1 is correct: Web 3.0 relies on public decentralised blockchains and cryptographic keys, giving users self-sovereign control over their own identity, content and data, without central intermediaries.
Statement 2 is correct: It supports decentralised, blockchain-based social networks run through transparent smart contracts rather than corporate databases.
Statement 3 is correct: Rather than centralised corporate platforms, Web 3.0 networks run collaboratively through Decentralised Autonomous Organisations (DAOs) and open stakeholder protocols.