Friday 29 March 2024

RRB JE NOTIFICATION 2024 SOON

 RRB JE Recruitment 2024 Notification, Exam Date, Eligibility and Pattern

RRB JE Recruitment 2024 is about to be released for Junior Engineer positions at @indianrailways.gov.in. Get the latest RRB JE Recruitment News here.


Table of Contents


RRB JE 2024

The Railway Recruitment Board (RRB), which is part of the Ministry of Railways, is about to announce the RRB JE Recruitment 2024 to occupy multiple positions for Junior Engineer (JE), Junior Engineer (Information Technology), Chemical and Metallurgical Assistant (CMA) and Depot Material Superintendent (DMS) roles. The announcement will be made on the official website @indianrailways.gov.in. Eligible candidates can proceed with their registrations once the link becomes active. This article gathers important information about the RRB JE Recruitment 2024 to help prospective applicants easily understand the details.


RRB JE Recruitment 2024

 This article compiles important details about the RRB JE Recruitment 2024, covering key areas like the Exam Pattern, Schedule, Eligibility, Educational Requirements, application procedures, and more. The RRB JE Recruitment 2024 offers a great opportunity for those individuals who are looking to build careers in engineering within the Indian Railways. The official announcement for the RRB JE 2024 Exam may be made public by the Railway Recruitment Board Between July to September 2024 in order. To stay updated on the latest RRB JE 2024 Notification and upcoming engineering job opportunities, it is recommended to save this website and check for updates regularly.


RRB JE 2024-Overview

After the notification is released, the recruitment authority will start the online registration process. The registration link will be open for a specific period. It is recommended that candidates carefully go through important details about RRB JE 2024, which are summarized here. This includes crucial information like important dates, distribution of vacancies, eligibility criteria, selection process, syllabus, admit card, result, and more. This RRB JE 2024 Exam consists of two stages: Stage 1 and Stage 2. Candidates can choose from a range of languages for the examination, ensuring accessibility for a diverse set of applicants. Candidates are encouraged to thoroughly read all the relevant and detailed information about the RRB Junior Engineer Recruitment 2024 conveniently presented in the provided table.


 RRB JE 2024 Recruitment

Name of the Examination RRB Junior Engineer Exam

Conducting Authority Railway Recruitment Boards (RRB)

Name of the Posts Junior Engineer (JE), Junior Engineer (IT), Depot Materials Superintendent (DMS), Chemical & Metallurgical Assistant (CMA)

Advertisement Number To Be Notified

Job Category Engineering Jobs

Exam Type Level All India Level

RRB JE 2024 Notification Date July-September 2024

RRB JE 2024 Selection process

RRB JE CBT-I

RRB JE CBT-II

Document Verification

Medical Examination

RRB JE Official Website https://indianrailways.gov.in

RRB JE 2024 Notification PDF Download

As of now, the RRB JE Notification 2024 has not been officially released, but it is expected on July-September 2024. The notification document will contain essential details about the examination, including application deadlines, exam dates, application procedures, syllabus, selection criteria, salary structures, and other important information. The recruitment process for RRB JE 2024 will concentrate on identifying eligible candidates for the position of Junior Engineer(JE), Junior Engineer(IT), Depot Material Superintendent(DMS) and Chemical and Metallurgical Assistant(CMS) within the railways. The direct link to access the RRB JE 2024 Notification PDF is provided here, and it will be activated after the release of the official advertisement. This is a fantastic opportunity for candidates who were prepared for RRB to apply for open positions through the Railway Recruitment Board RRB JE Recruitment 2024.


Click Here for RRB JE 2024 Recruitment Notification PDF [Inactive]


                                  


RRB JE 2024 Important Dates

Here are the crucial upcoming events and dates for the RRB JE Recruitment 2024. Candidates are advised to stay tuned to this article for all the essential dates related to the RRB JE 2024 Exam.


RRB JE Recruitment 2024 Important Dates

Events Tentative Dates

RRB JE 2024 Notification Release July-September 2024

RRB JE 2024 Online Registration Start To Be Notified

RRB JE 2024 Last Date of Online Registration To Be Notified

Last Date of Offline Payment for RRB JE 2024 Exam To Be Notified

Last Date of Submission of RRB JE Online Application To Be Notified

RRB JE 1st Stage Computer Based Test (CBT – I) Date To Be Notified

RRB JE 2nd Stage Computer Based Test (CBT- II) Date To Be Notified

RRB JE 2024 CBT I Result Release To Be Notified

RRB JE 2024 CBT II Result Release To Be Notified

RRB JE 2024 Eligibility Criteria

Candidates who are planning to fill out the RRB JE Application Form 2024 must fulfill the eligibility standards as per the RRB JE Notification PDF. The RRB JE Eligibility Criteria 2024 includes Educational Qualification, Age Limit, Medical Standards, etc. is given below in a detailed manner for the ease of candidates preparing for the RRB JE Recruitment 2024 Exam.


RRB JE Educational Qualification 2024

To be eligible for the RRB JE 2024 Recruitment Registration Process for the posts of Junior Engineer (JE), Chemical and Metallurgical Assistant (CMA), Junior Engineer (Information Technology Branch), and Depot Material Superintendent (DMS), candidates must meet the following essential Educational/Technical qualifications:


Three Years Diploma in Relevant Engineering Stream.

BE/B. Tech in Relevant Engineering Stream.

Final Year students of Degree/Diploma are NOT ELIGIBLE to apply for the RRB JE 2024 Recruitment Examination.

 RRB JE Age Limit 2024 (as of 01/01/2024)

The age limit of applicants willing to apply for the RRB Junior Engineer Exam 2024 should be as under:


Minimum Age Limit – 18 years

Maximum Age Limit – 33 years

The Age Relaxation Criteria for RRB Junior Engineer Recruitment 2024 are given below. Candidates of reserved categories will get the age relaxations as prescribed by the Railway Recruitment Board for different posts announced under RRB JE 2024.


RRB JE Age Relaxations

The age relaxation norms for the RRB JE Recruitment 2024 are explained in the table provided below.


Community/Category Community Age Relaxation

SC/ST candidates 5 Years

OBC-Non-Creamy Layer candidates 3 Years

Ex-Servicemen candidates who have put in more than 6 months of service after attestation UR 33 years plus the Number of years of service rendered in Defense plus 3 years

OBC- NCL 36 Years plus Number of years of service rendered in Defense plus 3 years

SC/ST 38 Years plus Number of years of service rendered in Defense plus 3 years.

Persons with Benchmark Disabilities (PwBD) UR 10 Years

OBC- NCL 13 Years

SC/ST 15 Years

Candidates have ordinarily been domiciled in the State of Jammu & Kashmir during the period from 01.01.1980 to 31.12.1989 UR 38 Years

OBC- NCL 41 Years

SC/ST 43 Years

Candidates who are serving Group ‘C’ and Group ‘D’ Railway Staff, Casual Labour, and Substitutes and put in a minimum of 3 years of service (continuous or in broken spells) UR 40 years of age

OBC- NCL 43 years of age

SC/ST 45 years of age

Candidates who are working in Quasi-Administrative offices of the Railway organization such as Railway Canteens, Co-operative Societies, and Institutes UR 33 years plus the length of service rendered or 5 years, whichever is lower.

OBC- NCL 36 years plus the length of service rendered or 5 years, whichever is lower.

SC/ST 38 years plus the length of service rendered or 5 years, whichever is lower.

Women candidates, are widowed, divorced, or judicially separated from their husbands but not remarried. UR 35 years of age

OBC- NCL 38 years of age

SC/ST 40 years of age

RRB JE 2024 Nationality

The application form for the RRB JE Recruitment will only be accepted from the following nationality candidates:


A resident of India, or

A subject of Nepal, or

A subject of Bhutan, or

A Tibetan exile who approached India, before the first of January 1962 with the expectation of all time getting comfortable in India, or

An individual of Indian beginning who has relocated from Pakistan, Burma, Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the goal of all-time getting comfortable in India.

Given that an applicant has a place with classes as mentioned above will be an individual in whose favor a certificate of qualification has been given by the Government of India.

RRB JE Vacancy 2024

As the official Railway Recruitment Board Junior Engineer Notification PDF for 2024 has not been released, candidates interested in applying for RRB JE Vacancy 2024 should refer to this section for tentative vacancy details. Below is a table highlighting the number of RRB JE vacancies reported in 2019 for the RRB JE Recruitment.


RRB JE Vacancy 2019 Post Wise

Posts Name RRB JE Vacancy Details 

RRB Junior Engineer (JE) 12918

RRB Junior Engineer (IT) 29

Depot Material Superintendent (DMS) 227

Chemical & Metallurgical Assistant (CMA) 387

Total 13561 

RRB JE Exam Pattern 2024

We have shared the complete RRB JE Exam Pattern 2024. Candidates must see the below article to know more about RRB JE 2024 Recruitment Exam Pattern. After applying for RRB JE 2024 Recruitment, Candidates must be familiar with RRB JE 2024 Exam Pattern for CBT 1 as well as RRB JE 2024 Exam Pattern for CBT 2. Both stages are objectives in nature.


RRB JE Exam Pattern Paper 1

 RRB JE 2024 Exam Pattern for CBT -1 will be having questions from


Four different domains: Mathematics, General Awareness, General Science, and General Intelligence and Reasoning.

The test will comprise Multiple Type Questions (MCQs).

The total time to attempt RRB JE 2024 Recruitment Exam CBT – 1 will be of 90 Minutes.

There will be 100 questions, each conveying one mark for each question.

Wrong responses will bring about a decrease of 1/3 of the marks.

RRB JE 2024 Exam Pattern-Paper 1

Sr. No. Subjects No. Of Questions Duration

1 Mathematics 30 90 minutes

2 General Intelligence & Reasoning 25

3 General Awareness 15

4 General Science 30

Total 100

RRB JE Exam Pattern Paper 2

The RRB JE 2024 Exam Pattern for CBT – 2 will comprise an aggregate of


Five different sections: General Awareness, Physics and Chemistry, Basic Knowledge of Computer Application, Basic fundamentals of Environmental and Pollution, and Technical Abilities.

It is comprised of 100 questions out of 150.

Each correct answer will be awarded 1 mark.

Wrong responses will decrease the 1/3rd mark.

The time duration of RRB JE 2024 CBT-2 will be of 2 hours.

RRB JE 2024 Exam Pattern-Paper 2

Sr. No. Subjects No. Of Questions Duration

1 General Awareness 15 120 min

2 Physics & Chemistry 15

3 Computer Application Basics 10

4 Environment & Pollution (Basics) 10

5 Technical Ability 100

Total 150

RRB JE 2024 Registration

The official registration process for RRB JE 2024 Recruitment will be provided in the official RRB JE 2024 Notification. Candidates are advised to bookmark this page for future updates regarding the RRB JE 2024 Recruitment. To successfully apply for RRB JE 2024 Recruitment, applicants can follow these steps:


Visit the official RRB website.

Select and open the region to which you belong or where you intend to apply for RRB JE 2024 Recruitment.

Register by providing your name, email ID, and personal mobile number for the RRB JE 2024 application process.

Sign in using the enrollment number and password created during registration.

Complete all the required details as specified in the application form.

Choose the specific post you wish to apply for.

Make the application fee payment using methods such as Visa, debit card, credit card, net banking, etc.

Click “Submit” to finalize the registration process.

RRB JE 2024 Documents Required

Candidates applying for the RRB JE 2024 Recruitment should ensure they have soft copies of the following documents ready before starting the application process:


A passport-sized photo in JPEG format with dimensions of 35mm X 45mm and a maximum size of 240 KB.

A government ID, such as Aadhar Card or Pan Card, in JPEG format with a maximum size of 500 KB.

Educational qualification certificates, including marksheets for class 10th, 12th, and Graduation (Diploma or Degree).

A signature in JPEG format with dimensions of 80mm to 35mm and a size not exceeding 240 KB.

RRB JE 2024 Application Fee

The candidates are allowed to register through the official RRB JE Recruitment 2024 Online portal. The RRB JE 2024 Recruitment Application fees are Rs.500/- for the General Category and Rs.250/- for the females. The detailed category-wise RRB JE 2024 Recruitment Application fee is tabulated below.


Sr. No. Categories Fees

1. Unreserved Rs. 500

2. SC/ST/Minorities/EWS Rs. 250

3. Ex-Serviceman/PwBDs/Female/Transgender Rs. 250

RRB JE Salary

Selected RRB Junior Engineer candidates are entitled to a competitive salary package aligned with Level-6 as per the 7th Pay Commission. The inclusive salary comprises a foundational pay along with various allowances, perks, and deductions. It’s important to highlight that the salary framework undergoes changes during the training period and post-training completion. Below, we present a comprehensive breakdown of the RRB JE salary structure, covering both training and post-training phases.


RRB JE Salary: During the Training Period

The table below outlines the salary structure for RRB JE during the training phase. Effective September 28, 2022, the Government of India has increased Dearness Allowances for all government employees, impacting both Gross and In-hand Salary. The Dearness Allowance, constituting 38% of the basic pay, will be implemented from September 2022 onwards. Updated RRB JE 2024 salary details can be found below.


RRB JE Salary

Salary Components Amount (In Rs.)

Basic Pay Rs. 35,400/-

Dearness Allowances Rs. 10,974/- (31% of Basic Pay)

Total Rs. 46,374/- (No Deductions)

RRB JE Salary After Training

The candidates will receive the full salary after the completion of training successfully. The basic pay of Rs. 36,500/- will be offered along with all the allowances like TA, DA, HRA, etc. Refer to the below table to get the detailed salary structure for RRB JE after completion of training.


RRB JE Salary Structure 2024

Income (Gross) Deductions

Salary Components In Rupees Salary Components In Rupees

Basic Salary Rs.36,500/- Income Tax Rs.6163/-

Dearness Allowances (DA) Rs.11,315/- Professional Tax Rs.200/-

House Rate Allowances (HRA) Rs.9855/- Miscellaneous Tax Rs.1000/-

Travel Allowances (TA) Rs.4716/-

Total Rs.62386/- Total Rs.7363/-

Net In-Hand Salary: Rs.55,023/-

RRB JE 2024 Career Growth

Candidates should have a clear vision of life after the RRB Junior Engineer 2024 selection. These include promotions & career growth after getting selected as a Junior Engineer. Below we have shared the career growth hierarchy followed by the Indian Railways for Junior engineers under RRB JE 2024: Career Growth


Junior Engineer

Senior Section Engineer/Senior Engineer

Assistant Divisional Engineer (AEN)

Divisional Engineer (DEN)

Senior Divisional Engineer (Sr. DEN)

RRB JE 2024 Selection Process

The selection process for the RRB (Railway Recruitment Board) Junior Engineer (JE) typically involves multiple stages. The exact selection process may vary slightly between different RRB regions. Here is a general overview of the RRB JE selection process:


Computer-Based Test (CBT) Stage 1: The first stage of the selection process is a computer-based test. It consists of multiple-choice questions covering various subjects such as General Intelligence and Reasoning, Mathematics, General Awareness, and General Science. The CBT stage 1 is primarily a screening test, and candidates need to achieve the minimum qualifying marks to proceed to the next stage.

Computer-Based Test (CBT) Stage 2: Candidates who qualify in the CBT stage 1 will be eligible to appear for the second stage, which is also a computer-based test. The CBT stage 2 is more comprehensive and in-depth, focusing on technical subjects related to the specific engineering discipline chosen by the candidate. The subjects may include topics such as Civil Engineering, Electrical Engineering, Mechanical Engineering, Electronics Engineering, etc.

Document Verification: Candidates who clear the CBT stage 2 will be shortlisted for document verification. In this stage, candidates need to provide the necessary documents to prove their eligibility, such as educational certificates, caste certificates (if applicable), identity proof, and other relevant documents. It is important to have all the required documents in order and meet the eligibility criteria set by the RRB.

Medical Fitness Test: After document verification, candidates are required to undergo a medical fitness test conducted by the Railway Administration to ensure they meet the medical standards necessary for the job. The medical fitness criteria vary depending on the nature of the job and the standards set by the Railway Administration.

Final Merit List: The final merit list is prepared based on the performance of candidates in the CBT stage 2. The merit list determines the selection of candidates for the post of Junior Engineer. Candidates who are placed high in the merit list have a higher chance of being selected for the job.... Read more at: https://www.adda247.com/engineering-jobs/rrb-je/

Sunday 3 September 2023

Lok Sabha election 2024 : General election 2024 in india

 Mission 2024 Lok Sabha Polls: The ruling Bharatiya Janata Party (BJP) at the Centre has started campaigning on its social media platforms for Prime Minister Narendra Modi in the upcoming general elections due next year.

The saffron party called PM Modi ‘The Terminator’ who always wins, while telling the Opposition bloc to continue dreaming about PM Modi’s defeat in the 2024 Lok Sabha polls.

“2024! I'll be back!" the BJP's social media campaign read. In a post on X (formerly Twitter), BJP wrote, “Opposition thinks PM Modi can be defeated. Dream on! The Terminator always wins."

Recently, the BJP has also launched a nationwide ‘Voter Chetana Maha Abhiyaan’ campaign to ensure that the saffron party secures maximum votes in the general elections due next year. The campaign was launched on August 25 to help register new voters including people who have shifted, remove doubtful voters, and correct voter card details. 

Under this campaign, BJP workers will carry out door-to-door visits to contact the youth and ensure that eligible voters get enrolled. In each assembly, ‘bogus voters’ will be removed and new voters will be enrolled. 

“The target has been set to make 20,000 voters in big Vidhansabha, 10,000 in Medium Vidhansabha, and 5,000 voters in Union Territories which are small areas. New voters will be made aware and connected," the BJP source said.

The ‘Voter Chetana Maha Abhiyaan’ campaign will be overseen by BJP's Mahila Morcha and Yuva Morcha. A team of eight people has been formed under the leadership of BJP's joint general secretary (organization) Shiv Prakash to look after this campaign. Each has been given the responsibility of six states.

Meanwhile, the BJP and the opposition INDIA alliance have announced their strategy meetings on August 31 and September 1 in Mumbai. During the meeting, the INDIA alliance in Mumbai will unveil its logo. The opposition bloc will also deliberate upon the general elections due next year.

It is also expected that some more regional outfits will join the 26-party opposition alliance in Mumbai as top leaders huddle for a two-day meeting starting August 31 where the BJP-Shiv Sena government is in power.

The Congress party has claimed that 4 to 5 political parties of the BJP-led NDA bloc are in touch with the INDIA alliance and some of them will join the opposition bloc in the coming days.

Speaking about the BJP meeting in Mumbai, NCP MP Sunil Tatkare, who represents the Ajit Pawar faction said “In this meeting, all our state government alliance partners BJP, Shiv Sena (Eknath Shinde), and NCP (Ajit Pawar) will participate."

“Our meeting was planned long back before the last state assembly Monsoon session by our coordination committee, so it’s no point to say that we are doing this as opposition parties are also having a meeting on the same day," Tatkare further said. 

Saturday 17 June 2023

A reply to heavy weekend tax players

 A reply to WhatsApp message complaining government imposes heavy tax on their weekend merry.

People say they are being taxed heavily.
But I am not.
I earn 10 lakhs per annum and I pay only 56,650/- per annum as the tax. That means just 5.66% tax on my total income. Where my friends in the USA are paying 30% flat of their income!
I own a two wheeler and a four wheeler. Roads are smoother and better than UPA government, wear and tear lesser than yesterday; vehicles are BS IV and I am getting BS-IV petrol everywhere. I am getting extra mileage than yesterday's, which saves me a lot.
I am health cautious and do not eat junks on every weekend. I never want to pay extra hard earned money for the lights, cushions and English speaking waitress in restaurants. I get rice, vegetables, fruits and every agriculture products without tax. My family gets LPG subsidy for cooking healthy food. We enjoy tax-free eating.
I invest in equities and equity oriented mutual funds and I have the patience to wait for at least a year. India being the fastest growing economy, I am getting good tax free returns. My investment returns are not taxed, unlike your fixed deposits returns.
If you feel your goods are taxed more than double the value it has, ask your congress MPs to support GST Bill to remove recurring taxes on goods and services.
I thank my government for taxing those who do not know how to invest and save tax, but to go on outing every weekend to eat junks and spoil their health.
I am happy to pay the taxes.
Forward this message to every responsible citizen of India.

Subramanian Swamy rightly said replace private bank's shares in GSTN with PSBs

 GST bill became law previous week after president signed it post ratification by the majority of states. GST brings most of the indirect taxes under one roof. As always, the banks will be playing a major role in collecting the taxes and providing the data of collected taxes to the concerned departments. This needs a huge infrastructure to maintain, process, analyse and to connect the government department with the banks network.


Goods and Services Tax Network, (GSTN) is a Section 25 (not for profit), non-Government, private limited company. It was incorporated during the previous UPA regime to provide IT infrastructure and services to the Central and State Governments, tax payers and other stakeholders for implementation of the Goods and Services Tax (GST). We can see the first two parties, state and central governments in the share holdings of GSTN. The important stake holders- Public Sector Banks which collects the taxes for the government are not in the scene. The government of India holds 24.5 per cent stake in GSTN while states together hold another 24.5 per cent. Balance 51% equity is with non-Government financial institutions like ICICI Bank, HDFC Bank, HDFC Ltd, LIC Housing Finance and NSE SIC.

GSTN has applied for loan of Rs 550 crores from IDFC. The central government is standing as guarantor for this loan though it is not a majority share holder. This is questioned by Mr Subramanian Swamy- why the majority stake holders are not the guarantors for this loan? In a way he right, but the government's interest in faster implementation of GST is not questionable. His comments on shareholding of GSTN makes the issue interesting.
Subramanian Swamy
As Mr Swamy's says partnering with private institutions to set up an institutions like GSTN to handle highly sensetive data is the matter of worry. I am not saying ICICI, HDFC or LICHF are unreliable, but when someone inside the house are capable of doing some job, calling an outsider to do the same job makes no sense. Firstly, public sector financial institutions holds the majority of share in banking industry and they are capable of partnering with government for implementation of such a high aimed mission like GST even during the period of high bad debts. Secondly, it is not ICICI or HDFC would be collecting the majority of the taxes, but it is definitely SBI, a public sector bank will be the indispensable tax collector for the government even in future. Third reason is by making public sector banks to hold stakes in GSTN, goverment would have had better control over it. Mandatory audit by CAG is always better than an offer to CAG audit. Mr Swamy's proposal to replace GSTN share holding of  private banks with public sector banks makes some sense because tax data is sensitive and also confidential. 

DECENTRALIZED WEB

 The decentralization and democratization of information was the distinguishing feature of the internet and Web1, while Web2 corporations wanted to create walled gardens to retain consumers within their ecosystems.

The internet was developed in the 1960s and 1970s, at the peak of the Cold War. The US created a decentralized network of numerous computers spread out across the nation so that its defense system would continue to function even after a nuclear assault by the Soviet Union. Tim Berners-Lee later developed the World Wide Web, one of the first internet applications, in the 1990s. Users could easily “surf” the internet and browse material with browsers like Microsoft Internet Explorer. It was decentralized (run by standard computers), open-source (anyone could build on it without restriction), and read-only (very few people had the technical skill to publish on it).

Web2 started in the middle of the 2000s when websites like Facebook and YouTube first appeared. Regardless of technological ability, anyone could publish content online using these platforms. The decentralization and democratization of information were the distinguishing features of the internet and Web1, while Web2 corporations wanted to create walled gardens to retain consumers within their ecosystems. In fact, with Web2, information is being more compartmentalized and controlled by a small number of powerful technology firms.

The centralized control of data and power has been a major component of the Web2 era. Virtually all web programs, including Facebook, Twitter, Gmail, and others, are centralized on servers owned by a select few big businesses. Companies keep users’ data in their control so that users don’t have to, and their terms of service govern how data is handled. For instance, a small number of businesses dominate a disproportionate amount of the global market for cloud infrastructure, with Amazon, Microsoft, and Google holding over 65% of the market. In terms of online traffic rather than data storage, Facebook had 2.9 billion monthly active users in 2021, or more than 60% of active internet users worldwide. Simply put, a small number of powerful technological businesses effectively dictate what users see and do online. As a result, rather than becoming a democracy (where users own and control their data), the internet has changed into something more akin to an oligopoly (where a few firms possess and manage user data).

The quickest option for centralized enterprises to provide reliable infrastructure to fuel Web3’s dApp ecosystems is to build several blockchain nodes in AWS data centers and enable developers to use them from anywhere for a fee. A few participants in the market accomplished just that, albeit at the cost of decentralization. This has left the ecosystem susceptible to threats and at the mercy of a few strong entities.


For users and creators, this centralization causes problems, including:

Economic problems

In contrast to users and creators, value accrues to intermediaries and, consequently, a select group of people (i.e., founders, employees, and investors). Because platform advertising regulations and algorithms are subject to change, this presents difficulties for creators whose advertising revenue may be drastically affected. Numerous major platforms impose hefty take rates (20%+) on their creators, which reduces their profitability.

Decentralized web 1
Source: Lillian Chen

Social problems

Web2 companies frequently retain, use, and sell user data. Data privacy and user sovereignty issues may result from this. For instance, Facebook has come under fire for allegedly prioritizing engagement on its platform over a few ethical considerations. It experienced a hack in October 2018 that compromised the data of more than 50 million members. Additionally, 91% of American people, according to Pew Research, concur that consumers no longer have any control over how businesses gather and utilize their personal information.

Distributive problems

Platforms govern how users connect with their peers and how content is distributed on Web2. This may have important ramifications for creators whose companies rely on these sites. For instance, because it competes with Periscope, similar software that Twitter just bought, the mobile video streaming app Meerkat was essentially banned from Twitter.

Political problems

Platforms like Facebook and Twitter have emerged as key players in the presidential election results and have been charged with spreading false information. Additionally, these businesses have been compelled to weigh in on political discussions. For instance, in January 2021, Twitter famously suspended President Donald Trump’s account. Governments can easily censor access to centralized servers, as was the case when Turkey stopped access to Wikipedia.

Simply said, the current web has a number of issues. With the goal of regaining user and creator sovereignty, Web3 aims to address these problems. The switch to Web3 has a number of possible advantages, including:

Economic

Web3 fully supports open economies in which everyone benefits. Web3 includes new digital primitives, including fungible and non-fungible tokens, which users can utilize to participate in growth where centralized Web2 platforms did not allow for this. These assets give users ownership of their project contributions.

Social

Users can choose which data and information they will share through Web3 projects. The decentralized web aims to separate itself from businesses that control the flow of information on the internet and gather, store, and sell user data.

Decentralized web 2
Source: Naval Ravikant

Distribution

With Web3, users can turn the tables on platforms. Applications can be developed on top of one another using Web3 composability and data transparency, which goes beyond the traditional perception of platforms as walled gardens. Due to this, tech and product distribution are fundamentally transformed, and open social networks are made possible.

Decentralized web 3
Source: Pim de Witte

Political

Web2 gave centralized organizations command over distribution. Web3 aims to decentralize this decision-making process by giving project communities control over governance. Decentralized Autonomous Organizations (DAOs), which are owned and operated by tokens, are emerging from these online communities. Decisions in DAOs are made by the members. Thus, formerly centralized decisions on revenue, censorship and other matters are now decentralized among DAO members.

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