The British computer scientist Tim Berners-Lee, who is credited with developing the World Wide Web in 1989, stated that he doesn't see blockchain as a practical means of creating the subsequent iteration of the internet.

The inventor of the internet thinks we should "ignore" the crypto dreamers' predictions for the future of the web.

He has a decentralized web project of his own, called Solid.

It's important to clarify in order to discuss the impacts of new technology.

You have to understand what the terms mean that we're discussing actually mean, beyond the buzzwords.

It's a real shame in fact that the actual Web3 name was taken by Ethereum folks for the stuff that they're doing with blockchain. In fact, Web3 is not the web at all.

A possible future version of the internet known as Web3 would be more decentralized than it is now and would not be dominated by a small number of dominant firms.

While Berners-Lee shares the desire to free our personal data from Big Tech's control, he is not convinced that blockchain, the distributed ledger technology that powers cryptocurrencies like bitcoin, will provide the answer.

About his Solid project:

Blockchain protocols may be good for some things but they're not good for Solid.

They're too slow too expensive and too public. Personal data stores have to be fast, cheap and private.

According to Berners-Lee, "Web 3.0," his own plan for changing the internet, is too frequently confused with Web3. Users should be able to manage how their data is viewed and stored according to his new firm, Inrupt. In a capital round in December, the business raised $30 million.