• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

What Is Web 4.0? | Blockchain News

July 12, 2023
in Blockchain
Reading Time: 3min read
0 0
A A
0
What Is Web 4.0? | Blockchain News
0
SHARES
6
VIEWS
ShareShareShareShareShare

Web 4.0 (or Web4) is an innovative concept outlined by the European Commission, designed to compete with the rapidly emerging trend of Web 3.0, which is gaining significant momentum in countries or regions such as the USA, Mainland China, Hong Kong, and Singapore. The Commission’s vision for Web 4.0 aims to position the European Union at the forefront of the next technological transition, surpassing the decentralization of Web 3.0.

Characteristics

Web 4.0 is anticipated to provide truly intuitive, immersive experiences by seamlessly integrating digital and real objects and environments, enhancing interactions between humans and machines. This integration is expected to be achieved through advanced artificial and ambient intelligence, the Internet of Things (IoT), trusted blockchain transactions, virtual worlds, and extended reality (XR) capabilities. It is expected to be driven by open technologies and standards that ensure interoperability between platforms and networks, and freedom of choice for users.

Virtual Worlds

Virtual worlds, integral to Web 4.0, are immersive 3D environments that merge virtual, digital, and physical realities, offering highly interactive experiences. These environments persist and evolve even without user interaction and serve diverse purposes, including design, simulation, collaboration, learning, socializing, transactions, and entertainment.

These next-generation virtual worlds are finding applications across sectors such as education, healthcare, manufacturing, and public services, transforming the way we learn, work, and interact. However, they also present challenges, including privacy, security, ethical considerations, and societal impact, necessitating a balance between opportunities and risks.

In the EU, approximately 3,700 entities operate within the virtual worlds subdomain, contributing to about 24% of the global total. Policymakers are tasked with fostering economic growth and digital evolution while ensuring the creation of responsible and fair virtual worlds.

Opportunities

Web 4.0 and virtual worlds hold significant opportunities across industrial and societal domains. In manufacturing, virtual twins can help optimize production processes, making them more efficient and sustainable.

In the cultural and creative industry, virtual worlds offer new ways to create, promote, and distribute content and engage with audiences. In education and training, especially in the medical field, virtual worlds can be used for simulations, reducing risks and improving accuracy.

Virtual classrooms can enable students and teachers to visualize abstract subjects or simulate scientific experiments without taking any risks.

Challenges

Web 4.0 and virtual worlds also present several challenges, including issues related to awareness, access to trustworthy information, digital skills, user acceptance, and trust in new technologies. There are also broader challenges related to fundamental rights and business challenges such as ecosystem fragmentation and access to finance.

EU Strategy

The European Commission has launched a strategy for Web 4.0 and virtual worlds to steer the next technological transition and ensure an open, secure, trustworthy, fair, and inclusive digital environment for EU citizens, businesses, and public administrations.

The strategy aims to empower people and reinforce skills, support a European Web 4.0 industrial ecosystem, support societal progress and virtual public services, and shape global standards for open and interoperable virtual worlds and Web 4.0.

Image source: Shutterstock

Credit: Source link

ShareTweetSendPinShare
Previous Post

China Unveils SIM Card-based Offline CBDC Wallet

Next Post

Solana (SOL) Price Climbs 15%

Next Post
Solana (SOL) Price Climbs 15%

Solana (SOL) Price Climbs 15%

You might also like

SpaceX IPO Frenzy Draws US$250 Billion in Orders, Igniting Buzz Across Wall Street and Crypto Market

SpaceX IPO Frenzy Draws US$250 Billion in Orders, Igniting Buzz Across Wall Street and Crypto Market

June 11, 2026
Bitcoin Mining Difficulty Drops 10% As Miners Get Rare Relie

Bitcoin Mining Difficulty Drops 10% As Miners Get Rare Relie

June 15, 2026
Kraken Prepares First CFTC-Regulated Crypto Perpetual Futures In US

Kraken Prepares First CFTC-Regulated Crypto Perpetual Futures In US

June 13, 2026
IsraelVote Bets Point to Netanyahu Victory Ahead of Next Election

IsraelVote Bets Point to Netanyahu Victory Ahead of Next Election

June 14, 2026
Elon Musk SpaceX AI Predicts Incredible Bitcoin Price For Next 30 Days

Elon Musk SpaceX AI Predicts Incredible Bitcoin Price For Next 30 Days

June 13, 2026
Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC

Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC

June 9, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Why A Surge to $3,400 Could Be The Beginning

Ethereum Research Proposal Targets Post-Quantum Wallet Security At Low Gas Cost

June 16, 2026
Bitcoin Stabilizes Near Key Zone, But Glassnode Warns Capital Flows Remain Weak

Bitcoin Stabilizes Near Key Zone, But Glassnode Warns Capital Flows Remain Weak

June 16, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.