We got acquainted with the web about two decades ago. Since then, different phases of development have taken place. There has been much talk about the transition from web 2.0 to web 3.0. Some even argue whether the third generation of the web should indeed be referred to as web 3.0. Irrespective of the name we choose to give it, one certain thing is that new activities are happening that no longer fall within the confines of web 2.0.
Web 2.0 and Its Features
- Dynamic content that attends to users’ needs.
- Allows users to sort information as they deem fit.
- Makes provision for APIs to make the most of the web.
- Ensures access to a wider demographic of users.
The Arrival of Web 3.0 and Role of SEOR
This generation of the web takes web interaction and utilization a step further. Here, the web becomes a shared database, and much focus is placed on the back-end as against web 2.0, which focuses on the front-end. More importantly, with web 3.0, data is, of necessity, shared across all. Because web 3.0 seeks to achieve more levels of decentralization, there’s a need for efficient access to data, data synchronization, and verification. This generation is largely characterized by smart technologies, distributed databases, and advanced blockchains. This is where SEOR comes in as a middleware needed to facilitate an excellent transition from web 2.0 to 3.0.
The importance of oracles to the arrival of web 3.0 cannot be understated. Oracles are responsible for ensuring chains and smart contracts get the data they require. In the absence of these oracles providing verified data to trigger predefined actions of smart contracts, executing trades will be challenging, and this will impede the flow of transactions in web 3.0. These needed data could range across a number of things from price fluctuations to weather temperature. Without oracles providing accurate data from a pool of on-chain and off-chain resources, it will be difficult to maximize the opportunities under web 3.0.
By serving as a strategic middleware, SEOR will engender a lasting relationship between on-chain and off-chain activities. Our objective is to establish an unmatched service platform that is safe and cost-effective for the distributed application (DApp) and blockchain industry. Doing this will strengthen the two industries to indeed fulfil their roles as drivers of industrial development. SEOR offers cross-platform and universal services that will connect different platforms and make data access and sharing more seamless than it has ever been. We do this by offering a service that unites both Layer-1 and Layer-2 (on-chain and off-chain data sources). This way, we have access to a large pool of data and can ensure adequate verification before providing data to smart contracts. This will help to make the arrival of web 3.0 a lot smoother since the web will enjoy the best of data services from decentralized oracles.
Furthermore, the success of web 3.0 will be linked to the level of innovation obtainable in the marketplace and the quality of infrastructure established to support these innovations. As it stands in the marketplace, the existing infrastructure doesn’t support innovation on the scale needed to usher in the new web generation completely. To this end, SEOR provides for a flexible customization by making room for self-innovation within the network. By creating a supportive infrastructure, SEOR positions itself rightly for triggering the high levels of innovation the next web requires. Essentially, we are building SEOR to serve as the bridge between web 2.0 and 3.0. With our numerous use cases, users and developers can truly enjoy the various perks of the third generation of the web in the most innovative ways possible.