UPSC CSE Prelims 2022
Statement 1 is correct. Web 3.0 leverages decentralized technologies, such as blockchain, to empower individuals with ownership and control over their personal data. This shifts data management away from centralized corporations towards user-centric models, allowing selective sharing and reducing reliance on intermediaries.
Statement 2 is correct. The architecture of Web 3.0 supports the creation of blockchain-based social networks. These platforms facilitate decentralized interactions, content creation, and community governance, often incorporating tokenized incentives and distributed storage, thereby operating without a central authority.
3 is correct. A core principle of Web 3.0 is decentralized governance. Unlike previous iterations dominated by corporations, Web 3.0 platforms are often managed collectively by their users and communities through peer-to-peer mechanisms, including Decentralized Autonomous Organizations (DAOs).
Options (a), (b), and (c) are incorrect because they do not include all three statements, each of which accurately describes a fundamental aspect of Web 3.0. All three statements provided are correct.