According to Yao Qian, Web3 will reform the Internet economy’s organization structure and economic model, placing everyone on an equal level. Yao Qian, director of China’s Securities Regulatory Commission’s Science and Technology Supervision Bureau, has asked for special attention on Web3, which he considers to be the internet’s future.Yao penned an article named “Web 3.0: A New Generation of Internet that is Approaching,” in which he discussed the importance of enhancing technology and how the world is on the verge of shifting from Web2 to Web3.The importance of forward-thinking study and planned infrastructure development was discussed in the article. Yao expected that Web3 will restructure the Internet economy’s organizational structure and commercial model, significantly enhancing the present Internet system.Web3 is expected to efficiently overcome the issues of monopoly, absence of privacy security, and harmful algorithms that afflicted the Web2 period, making the Internet more ac

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