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 & explanation
Answer: (d) 1, 2 and 3
Web 3.0 (Web3) is the idea of a decentralised internet built on blockchains: users hold their own data and digital assets, applications such as social networks run on shared ledgers, and platforms are governed by their users through tokens instead of by one company. All three statements describe it.
- ✓ 1. In Web3, identity, data and assets sit in a user's own wallet rather than on a company's servers, so the user decides who can use them.
- ✓ 2. Decentralised applications, including social networks, can run on blockchains, so a user's profile and followers are not locked inside one platform.
- ✓ 3. Ownership is spread among builders and users; through decentralised autonomous organisations (DAOs), token holders collectively vote on how a platform is run.
Remember · Web 1.0 read-only; Web 2.0 read-write (platforms own data); Web 3.0 read-write-own — decentralised, blockchain-based, user-owned data, governed collectively via DAOs.
Sources
- US National Institute of Standards and Technology, NIST IR 8475: A Security Perspective on the Web3 Paradigm (Feb 2025) ↗ “Web3 is a proposed vision for the future of the internet that is restructured to be more user- centric with an emphasis on decentralized data. Users would own and manage their personal data, and systems would be decentralized and distributed.”
- ethereum.org: Introduction to Web3 ↗ · reference work “As well as owning your data in Web3, you can own the platform as a collective, using tokens that act like shares in a company.”
Question and answer: UPSC's official GS Paper I (2022, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·