3.1 What is Web3?

Web3 represents an evolutionary upgrade from Web2, also known as the "decentralized internet." It is a new form of internet based on blockchain technology, emphasizing a more decentralized and democratic user experience.

Unlike traditional Web2, Web3 features decentralization, transparency, security, and privacy protection. In Web3, users directly own and control their data and digital assets, rather than entrusting these powers to centralized platforms.

Early on, the internet was primarily a means of consuming information. Web1 consisted of static web pages made with HTML, offering limited interactivity.

Then came Web2, characterized by prolific content creation, with centralized hubs like Google, Facebook, YouTube, and Twitter serving as centers for massive information sharing (and data collection). With this latest version's formation, it is poised to fundamentally change our relationship with the World Wide Web, thanks to the power of blockchain.

In Web3, users can transact and share information without intermediaries and better control their data. All this is facilitated using cryptocurrencies as means for payments, incentives, and governance on the new network.

Key Features of Web3:

• Decentralization: Web3 is decentralized, based on blockchain's distributed ledger technology, storing data across various nodes in the network, enhancing data security and reliability.

• Digital Assets and Smart Contracts: Web3 assigns real value to digital assets and enables automated execution through smart contracts, facilitating efficient and convenient financial and business activities.

• Disintermediation: Many services in traditional Web2 require intermediaries, whereas Web3 eliminates the need for intermediaries through smart contracts, enabling peer-to-peer interaction and value transfer.

• User Sovereignty and Privacy Protection: In Web3, users have complete control over their data. They can choose whether to share data and use encryption technology to protect their privacy.

• Cross-Platform Interoperability: Web3 technology provides interoperability between different blockchain networks and applications, enabling users to freely transfer and use digital assets across platforms.

Due to these characteristics, blockchain and Web3 technologies hold immense potential for development in the tourism market, providing this project with more developmental momentum. The tourism application market has vast development space and potential, and the application of the Web3 economy in this trend will drive more development in the real economy. Through blockchain technology and decentralized token economics, the tourism market can achieve more efficient, transparent, and secure transactions, while also offering more innovative tourism products and services. This will promote the prosperity of the tourism economy, bringing more development opportunities and momentum.