How QTC distributed search engine can help and accelerate the implementation of Web3.0 “Four Fatal Questions”
When we browse the web, the word Web3.0 often appears, so what is Web3.0?
Gavin Wood’s definition of Web3.0 is that it is a set of inclusive agreements that provide building blocks for application manufacturers. Gavin also refers to Web3.0 as the “post-Snowden” era Web, which can redefine the rules of information interaction between any two carriers.
“For that information that we think can be made public, we release it by ourselves. For that information that we think we have reached a consensus, we put it in the consensus ledger. Information that we think is private, we will keep it confidential and never Give way.”
Everyone can control their own identity, data, and assets. Everyone will become a trusted node and interact well in an environment that does not require a third party.
“Web3.0 will give birth to a new global digital economy, create new business models and markets, break the monopoly of platforms like Google and Facebook, and generate a lot of bottom-up innovation.”
This is Gavin Wood’s view of Web3.0 Imagination.
The arrival of the Web3.0 era
With the advent of Web3.0, privacy, data, rights, censorship, and identity have gradually become hot topics. In the digital encryption currency industry, a brand-new model needs to subvert the current monopoly of Internet giants. It protects the interests of every Internet user.
In the traditional Internet field, users have very low control rights over their own data. There is a risk that your own works would delete at any time. Also, the purchased members can remove from the shelves at any time due to copyright issues. It causes them to not enjoy the membership rights they should have.
The blockchain advocates decentralization, which is tamper-proof and traceable. Blockchain provides an innovative solution that can solve the long-standing trust problem between humans. It has long attracted the attention of all countries. It expects to become an indispensable technology for the next generation of the Internet.
The meaning of Web3.0 is to decentralize the Web. The distributed storage protocol will become a supplement or alternative to HTTP. It is a technology that really focuses on the pain points in the blockchain. It makes up for the existing blockchain system. The shortcomings in file storage combine permanent file storage with the non-tamperable and time stamp proof features of the blockchain. They have added more possibilities for the implementation of blockchain applications.
Then please learn about the decentralized search engine in the WEB3.0 era with the editor:
1. What is a decentralized search engine?
A decentralized search engine makes use of distributed ledger technology.
Using Blockchain gives you more privacy when it comes to searching online for the products and services that you love.
You decide what information you want to share, instead of major search platforms deciding what is and what is not relevant to you,
In return, you receive targeted ads that are of specific interest to you.
Apart from giving users back ownership of their personal information, it’s also beneficial to businesses. They do not force to target people that big online advertising platforms tell them to target.
They only advertise to users who are already searching for their product. Therefore have a relative degree of interest in it. This narrow-focus advertising can drastically improve conversion rates and increase sales.
2. How does it work?
It functions like an ordinary search engine.
It provides a platform for you to search the Internet. Relevant information about your searches store on the Blockchain. You are building up an online identity and buyer persona. It is done by continually browsing and interacting online through a Blockchain-based search engine.
This is already happening through conventional search engines, however, with a decentralized platform, you are in control of how your information is used and with whom it is shared.
Privacy key encrypts your data and helps to stay data secure and anonymous unless you decide otherwise.
You have the option to make this information available to specific retailers by entering into a smart contract directly with the advertisers.
This cuts out advertising middlemen who often bombard Internet users with meaningless pop-ups and sponsored ads that cost businesses millions in advertising costs.
In addition, users can also compensate for each relevant search, transferred directly from the advertiser to the user. One such example is BitClave’s Active Search Ecosystem (BASE) which will compensate users for relevant searches with their own digital currency, CAT (Consumer Activity Tokens). The currency can then use for online purchases at accepting retailers.
The main benefit of such an ecosystem is that it allows users to potentially profit from their online searches and receive information about products they truly show interested in.
In turn, businesses advertise directly to a user’s need. Shoppers are more likely to make a purchase at this point, which will drastically increase the average conversion rate of two percent that organizations pay billions of dollars to achieve.
3. Why do we need decentralized search engines?
The online advertising sphere is ruled by a small number of giant corporations, including Google, Amazon and Facebook.
These big corporations basically dictate to businesses how they should run their advertising campaigns if they want to stay competitive.
What we might not always realize is that, whenever we browse the Internet, through search engines, social media or big retailers, a lot of our personal information is tracked and logged in some shape or form.
This information is then used in various ad campaigns. These businesses pay huge sums of money for to be part of
hoping that they might get a piece of the billion-dollar online consumer industry. These campaigns are translated into the invasive pop-up ads, and mostly irrelevant, sponsored ads that litter our everyday online experience.
The industry is therefore in need of disruption.
What a decentralized search engine, like BitClave, does? It puts the power back into the hands of everyday consumers and the businesses from which they buy.
It creates an environment where you only receive advertising from organizations that interest you. Businesses only pay to advertise that people are looking for.
In simple terms, you get the opportunity to make money by receiving highly relevant offers while you browse the Internet.
For businesses, it means a significant reduction in advertising costs by cutting out the middlemen (ad campaigns), while at the same time achieving higher revenues through increased conversion rates as a result of the laser-focused advertising.
4. How can it be applied in the real world?
Say you are looking at stocking your summer closet.
While you are searching for the latest trends, the Blockchain-based application records information about the parameters within which you are searching. This allows merchants to tailor their offers based on these parameters (i.e. summer clothes), making the advertising highly targeted and timely.
While you are searching, you are not bombarded with vague unconcerned advertising. Such as buying a new house or car, or a pick of the best restaurants in town.
At best, this irrelevant advertising only serves as a distraction from your current priority, which is to buy clothes.
However, if your priority is to buy a new car or house, again the platform will ensure you only receive relevant offers. They are based on your budget and other criteria you are conducting your search in.
If you decide you want to find out a bit more about a specific offer and click on it, you receive compensation for your troubles.
The use cases are nearly limitless and can be applied to any product or service we are interested in and searching for online. All the while getting compensated for the targeted offers that you receive.
The decentralized distributed search engine QTC is born
The so-called decentralized distributed search engine means that there is no central control. They are scattered on different nodes of the network. With an open search engine, no search engine can own your data. They even do not have permission to access your search information.
QTC will subvert the current search engine in the Internet era from the bottom. It is the Google of the future blockchain era. Let’s look forward to a true, free, fair and perfect world without lies!