#64 - How will businesses transition to Web3? Artwork

Web3 Innovators

In Web3 Innovators, Conor Svensson, founder of Web3 Labs speaks to those folk changing the face of finance and other industries with web3 and blockchain technologies. Each week he speaks to a new guest who shares insights from their own journey with web3, giving you the chance to learn about challenges they’ve faced along the way, and how it's impacting their industry right now and will in the future.

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Web3 Innovators

#64 - How will businesses transition to Web3?

February 22, 2023 • Conor Svensson • Season 6 • Episode 4

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

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