What is Web3, honored at Vivatech?

Aurélien Fleurot, edited by Mélanie Faure

On the occasion of the kick-off of the 7th edition of the Vivatech fair this Wednesday, zoom in on one of the latest technologies to follow. Web3, the new generation of the web, is on the rise. In particular, it exploits blockchain technology and cryptocurrencies. The beginning of a new age.

It is in the spotlight of the 7th edition of the Vivatech fair in Paris: what is Web3, the third generation of the Internet? A new era is dawning for digital. Web3, the new generation of the web, notably uses blockchain technology and cryptocurrencies, unlike the social media-based Web2.

But first let’s go back to the beginnings of the web. In the beginning, the Internet was essentially the era of consultation, messaging, the search engine, online videos… Then came Web2. There, Internet users are less passive: they express themselves on social networks and publish their own content. Then comes Web3, the control of our data through blockchain technology, the block chains that allow us to protect ourselves from digital giants.

A decentralized internet

Choosing instead of suffering as Julien Furlanetto explains. “It is an Internet that redistributes the value that can be generated by each other”, deciphers the manager of the consulting firm Wavestone into the microphone of Europa 1. “For example, today, with a platform like YouTube typically anchored on Web2, we have content creators who are paid by a centralized actor that is YouTube. content creators.”

This decentralized internet will offer new ways to pay without going through traditional banks and also immersive experiences. There, it’s the theme of the famous Metaverse, a virtual world, which for many critics, is pretty steamy at the moment.

By 2026, the US consulting firm Gartner estimates that 25% of people will spend at least one hour a day in the metaverse for work, shopping, education, social media and/or entertainment. Ultimately, blockchain is expected to increase global GDP by $422 billion by 2025 and $1.76 trillion by 2030, or 1.4% of the global economy (PwC).