WPA3 is the next-generation Wi-Fi security standard that promises to eliminate all the known security vulnerabilities and wireless attacks that are up today including the dangerous KRACK attacks. The new security protocol will replace the existing WPA2 that has been around for at least 15 years and widely used by billions of devices every day. The WiFi Alliance has also announced a new feature, called Wi-fi Easy Connect, that simplifies the process of pairing smart home gadgets (without any screen or display) to your router.
Source: https://thehackernews.com/2018/06/wpa3-wifi-security-standard.html