Web 3.0 Defined by Google CEO

Google CEO Eric Schmidt was recently asked to define Web 3.0. He made a great definition:

"My predicion would be that Web 3.0 will be ultimately seen as applications that are pieced together" - with the characteristics that the applications are:

• relatively small
• the data is in the cloud (or network)
• can run on any device (PC or mobile phone)
• very fast and very customizable
• distributed virally (by social networks or e-mail)

That's a very different application model that we have ever seen in computing.
There is low barriers to entry - applications are easy to develop and works everywhere.

Here is Schmidt's full Web 3.0 definition on YouTube.