Q32.
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?
Answer
D
Explanation
All three statements are correct. Web3 is a decentralised internet to be run on blockchain technology — Statement 2 is correct. Web3 enables peer to peer transactions by eliminating the role of intermediary, and users will have ownership stakes in platforms — Statement 1 is correct. In Web3, users operate the internet collectively rather than tech giants or corporations — Statement 3 is correct.