Web 3.0 - the third version of the Internet - is commonly referred as the decentralized web. The rise of technologies such as distributed ledgers and blockchain-powered storage allows for data decentralization and creates a transparent and secure environment, overtaking Web 2.0’s centralization, surveillance and exploitative advertising. Decentralized infrastructure and application platforms will displace centralized tech giants, and individuals will be able to rightfully own their data. Indeed, one of the most significant implications of decentralization and blockchain technology is in the area of data ownership and compensation. It can be reasonably expected that Web 3.0 will bring us a fairer internet by enabling the individual to be a sovereign. True sovereignty implies owning and being able to control who profits from one’s time and information. Web 3.0’s decentralized blockchain protocol will enable individuals to connect to an internet where they can own and be properly compensated for their time and data, eclipsing an exploitative and unjust web, where giant, centralized repositories are the only ones that own and profit from it. As the Internet is shifting to Web 3.0, it needs an alternative to the existing cloud paradigm. This alternative should not bear any of the limitations observed in conventional cloud computing. It should embrace and champion the Decentralization philosophy of Web 3.0...

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