Internet inventor Tim Berners-Lee wants us to ‘ignore’ World-wide-web3: ‘Web3 is not the world wide web at all’

Internet inventor Tim Berners-Lee wants us to ‘ignore’ World-wide-web3: ‘Web3 is not the world wide web at all’


Sir Tim Berners-Lee, co-founder and chief engineering of Inrupt, speaking at Website Summit 2022.

Sam Barnes | Sportsfile through Getty Photographs

LISBON, Portugal — The creator of the world wide web just isn’t marketed on crypto visionaries’ prepare for its upcoming and suggests we ought to “overlook” it.

Tim Berners-Lee, the British personal computer scientist credited with inventing the Earth Vast Website in 1989, mentioned Friday that he doesn’t perspective blockchain as a feasible answer for setting up the future iteration of the internet.

He has his very own website decentralization job named Stable.

“It is really significant to make clear in buy to go over the impacts of new engineering,” reported Berners-Lee, talking onstage at the Website Summit event in Lisbon. “You have to realize what the conditions indicate that we are speaking about in fact mean, outside of the buzzwords.”

“It can be a authentic disgrace in fact that the true Internet3 name was taken by Ethereum people for the things that they are performing with blockchain. In actuality, Website3 is not the web at all.”

World-wide-web3 is a nebulous phrase in the tech entire world made use of to explain a hypothetical long term model of the web that is additional decentralized than it is now and not dominated by a handful of effective gamers this kind of as Amazon, Microsoft and Google.

It consists of a couple systems, like blockchain, cryptocurrencies and nonfungible tokens.

Though breaking our personal info out of Massive Tech’s clutches is an ambition shared by Berners-Lee, he’s not convinced blockchain, the distributed ledger technological know-how that underpins cryptocurrencies like bitcoin, will be the resolution.

“Blockchain protocols might be good for some factors but they’re not good for Strong,” a web decentralization task led by Berners-Lee, he reported. “They are also sluggish as well high-priced and as well general public. Personal details stores have to be rapid, inexpensive and non-public.”

“Disregard the World-wide-web3 things, random Internet3 that was designed on blockchain,” he additional. “We are not working with that for Sound.”

Berners-Lee stated men and women way too usually conflate Internet3 with “World wide web 3.,” his have proposal for reshaping the world wide web. His new startup, Inrupt, aims to give buyers command of their personal info, such as how it truly is accessed and stored. The corporation raised $30 million in a funding spherical in December, TechCrunch described.

Berners-Lee suggests that our personalized facts is siloed by a handful of Major Tech platforms, like Google and Facebook, that use it to “lock us into their platforms.”

“The consequence was a large data race wherever the winner was the one particular corporation that controlled the most information and the losers had been every person else,” he said.

His new startup aims to tackle this as a result of 3 strategies:

  • A international “solitary signal-on” attribute that lets any individual log in from any place.
  • Login IDs that let end users to share their information with other individuals.
  • A “popular universal API,” or application programming interface, that allows apps pull details from any source.

Berners-Lee’s not the only notable tech figure with uncertainties about Website3. The motion has been a punching bag for some leaders in Silicon Valley, like Twitter co-founder Jack Dorsey and Tesla CEO Elon Musk.

Critics say it can be prone to the very same problems that come with cryptocurrencies, like fraud and safety flaws.

Crypto enthusiasts want to remake the internet with 'Web3.' Here's what that means



Supply

‘Humans are the most important part’ of investing, says a fund manager whose firm makes every call with algorithms
World

‘Humans are the most important part’ of investing, says a fund manager whose firm makes every call with algorithms

The internet was becoming mainstream in the late 90s, but Miro Mitev was head-down exploring something that wouldn’t become popular for decades: AI. Now an asset manager, Mitev was an early adopter of AI in finance after discovering the capabilities of neural networks in 1997 while studying at the Vienna University of Economics and Business. He told CNBC he saw the potential of neural networks for financial forecasts. “I fell in love […]

Read More
Asia markets open higher amid holiday-thinned trade; silver hits fresh high
World

Asia markets open higher amid holiday-thinned trade; silver hits fresh high

TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and […]

Read More
U.S. launches strike against Islamic State militants in northwest Nigeria
World

U.S. launches strike against Islamic State militants in northwest Nigeria

PALM BEACH, FLORIDA – DECEMBER 22: U.S. President Donald Trump takes questions as he announced the creation of the “Trump-class” battleship during a statement to the media at Trump’s Mar-a-Lago estate on December 22, 2025 in Palm Beach, Florida. Trump announced the new class of ship will become the centerpiece of his “Golden Fleet” program […]

Read More