SBW 3.0: A Blockchain-Enabled Framework for Secure and Efficient Information Management in Web 3.0

In this paper, we propose an effective blockchain-enabled information management framework, named Smart Blockchain-based Web 3.0 (SBW 3.0). Our framework aims to handle information within Web 3.0 efficiently, enhance data security and privacy, create new revenue streams, and encourage users to contribute valuable information to websites. To this end, SBW 3.0 employs blockchain technology and smart contracts to manage the decentralized data collection in Web 3.0. Moreover, we introduce a robust consensus mechanism grounded in Delegated Proof-of-Stake (DPoS) to reward user contributions. Furthermore, we develop a non-cooperative game model to examine user behavior in this context and conduct thorough analysis to prove the uniqueness of the Nash equilibrium in our proposed system. Through simulations, we evaluate the performance of SBW 3.0 and analyze the effects of various critical parameters on information contribution. Our results validate the theoretical analysis, showing that the proposed consensus mechanism successfully encourages nodes and users to provide more information, thus overcoming the current limitations of Web 3.0 regarding data decentralization and management.