Web 2.0 vs Web 3.0

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This is an interesting take on web 2.0 vs web 3.0 from Eric Schmidt CEO of Google.

At the Seoul Digital Forum in May 2007, he was asked to define Web 2.0 and Web 3.0. He responded:

"Web 2.0 is a marketing term, and I think you've just invented Web 3.0. But if I were to guess what Web 3.0 is, I would tell you that it's a different way of building applications... My prediction would be that Web 3.0 will ultimately be seen as applications which are pieced together. There are a number of characteristics: the applications are relatively small, the data is in the cloud, the applications can run on any device, PC or mobile phone, the applications are very fast and they're very customizable. Furthermore, the applications are distributed virally: literally by social networks, by email. You won't go to the store and purchase them... That's a very different application model than we've ever seen in computing"

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