As a testament to how fast the Internet really moves… with the hype surrounding the Web 2.0, the Canadian Business magazine has already started talking about “what’s next”; and apparently it’s the advent of the Web 3.0. The article highlights a young Canadian entrepreneur – Albert Lai, 28 years old – and his views on the days to come (as well as a new project he’s working on).

A quick Google search for the Web 3.0 will pull up an impressive list of articles and blog posts where people have already started to discuss the rise of the Web 3.0 – the specific definition is still to be determined. A previous blog on our site, written by Denis Hancock gives us a pretty coherent definition from Eric Schmidt. To be fair, I think there is still a lot of work to be done regarding the Web 2.0 and getting the average person’s head wrapped around that idea. The older generation is still trying to understand exactly what facebook is… but isn’t this just the pace of the Internet age.

To Lai, the Web 3.0 will be bridging the gap between the internet and hardware devices or even household items such as your central AC and refrigerator – “it’s evolving to the point where the sorts of things we used to joke about are actually more practical” says Lai. With technology continuing to develop and improve at warp speed, Lai predicts that our current mobile products such as Blackberrys, the iPhone and all smart phone technology will soon be able to perform applications like on a desktop, opening the door to many new types of innovative, more complex applications to be used from our mobile devices.

Looks like we’ve all got a lot of catching up to do… step aside Web 2.0 – Web 3.0’s coming through.