The main aim of web5 is to ensure that users have complete ownership over their personal information and data. To do this, teams are working on building a more decentralized system. This allows users to easily manage their identities and control where they store their data.
The current web is accessible to everyone for the exchange of information, but it’s missing a key layer. According to [TBD],
“We struggle to secure personal data with hundreds of accounts and passwords we can’t remember. On the web today, identity and personal data have become the property of third parties.”
Jack Dorsey has already advised individuals to be conscious of what is occurring in this new era of web3. Regarding its ownership and management, web3 is not transparent, according to him.
All these issues are what Web5 aims to solve. The idea is to decentralize our data safely and securely while making it easier for us to use our data!
Tim Berners-Lee referred to Web5 in TED talks as the “emotional web” in 2009. He described it as a system allowing users to create digital identities. People will have complete control over their data and be able to monetize it if they choose.
For example, on your phone, you can search for information about anything anytime, anywhere. Many people refer to this as web4 because it relies heavily on mobile technology rather than desktop computers or laptops like previous generations did before.