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UPSC Prelims 2022 Paper-1 📅 05 Jun, 2022

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?

A
(a) 1 and 2 only
B
(b) 2 and 3 only
C
(c) 1 and 3 only
D
(d) 1, 2 and 3
Result Summary
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APEDIA

UPSC Prelims
2022 • 05 Jun, 2022 • Paper-1
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?
Correct Answer
(d) 1, 2 and 3
Data Sovereignty: Statement 1 is correct. A core structural tenet of Web 3.0 is absolute decentralization, which actively shifts data ownership away from centra......
💡 Analysis & Explanation
Data Sovereignty
Statement 1 is correct. A core structural tenet of Web 3.0 is absolute decentralization, which actively shifts data ownership away from central tech giants and gives users cryptographic, individual control over their personal information.
Platform Evolution
Statement 2 is correct. Decentralized Applications (DApps), which encompass social networks built natively on blockchain technology to prevent censorship, are fundamental components of the Web 3.0 ecosystem.
Governance Structure
Statement 3 is correct. Instead of corporate monopolies, Web 3.0 networks and protocols are often governed collectively through Decentralized Autonomous Organizations (DAOs), allowing users with governance tokens to manage operations.
Conclusion
All three statements accurately describe the foundational, decentralized principles of Web 3.0.