The Internet of Things refers to the interconnected network of physical devices embedded with sensors, and network connectivity, enabling these objects to collect, and analyze data.
Web 3.0, also known as the decentralized web or the semantic web, is a new era of the internet that promises to be more secure, transparent, and decentralized than ever before. The key feature of Web 3.0 is the use of blockchain technology and decentralized applications (dApps).
Decentralization refers to the process of distributing power and authority away from a central point or entity. In the context of technology, decentralization often involves the use of distributed ledger technology.