The founder of the internet, Tim Berners-Lee has revealed his thoughts on the future of web technology. He thinks that the internet domineering mogul Google could be superseded by a new company that will harness the power of the new technology.

The search giant had developed an extremely effective way of searching for pages on the internet, Tim Berners-Lee said, but that ability paled in comparison to what could be achieved on the “web of the future”, which he said would allow any piece of information — such as a photo or a bank statement — to be linked to any other.

Mr Berners-Lee said that in the same way, the current popularity of social networking sites like Facebook, Bebo and MySpace would eventually be superseded by networks that connected all types of things — not just people — thanks to a ground-breaking technology known as the “semantic web“.

“Using the semantic web, you can build applications that are much more powerful than anything on the regular web,” Mr Berners-Lee said. “Imagine if two completely separate things — your bank statements and your calendar — spoke the same language and could share information with one another. You could drag one on top of the other and a whole bunch of dots would appear showing you when you spent your money”.

“If you still weren’t sure of where you were when you made a particular transaction, you could then drag your photo album on top of the calendar, and be reminded that you used your credit card at the same time you were taking pictures of your kids at a theme park. So you wouldd know not to claim it as a tax deduction.

“It’s about creating a seamless web of all the data in your life.”

It sounds both exciting and daunting as it could potentially raise the bar of privacy issues that are already beginning to tie down the web at the moment.

We can only find out.