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How will businesses transition to Web3?
Conor Svensson

Published On - February 22, 2023

How will businesses transition to Web3?

In the fourth episode of our new season of Web3 Innovators, our host Conor Svensson is joined by David Palmer, a digital visionary and global platform innovator who works as Blockchain Lead at Vodafone Business IoT. 

 

 

Episode highlights:

  • How the technology innovation of blockchain initially made David interested in the space
  • The opportunities he saw for blockchain to help shape the telco business model
  • The four use cases they focused on when looking at the application of blockchain
  • Digital Asset Broker and what it means for electronic vehicle charging
  • How Web3 can bring new liquidity to assets
  • David’s advice for those unsure about blockchain’s potential for their organisation or industry
  • How David believes blockchain can bring new business and opportunities to external facing companies
  • How Web3 will not exist in isolation and instead will be a component within the digital tool set
  • Business opportunities as we move to the metaverse
  • How David believes Web3 and blockchain technology will develop 

 

Key Takeaways:

I saw an opportunity for blockchain to really reshape the telco business model and present new opportunities. - David
So blockchain as a centre for trust and transaction settlement made a lot of sense. That is now live, so that was one of the proof of concepts. - David
I'm a founder, innovator of, it's called the digital asset broker. This one was slightly different because it wasn't just using blockchain for trust, it was really using blockchain to create a whole new business for IoT devices. - David
There is a blockchain based solution out there which has been implemented with some of the biggest companies in mobility in the world. And energy and Web3 and blockchain are a key component of that. - David
 I think services around identity are gonna be absolutely critical and a massive business opportunity. - David
There's millions of people who are in poverty, millions of people who don't have access to business or a career or jobs or career paths. And It would be really exciting to see Web3 fill that void. - David

Resources:

Shoutouts:

The Sirato Blockchain Explorer provides all of the business metrics you need to support your blockchain and smart contract applications.
We provide SLA-backed production support for Ethereum networks running Quorum and Hyperledger Besu.
Traditional financial markets infrastructure is being redefined by blockchain and DLT technology. We can ensure you’re prepared.
With dedicated support from the creators of Web3j you can ensure you have a trusted partner to support your most critical blockchain applications.

 

Web3 Innovators