Alchemy University

Ch. 7: Web3 Beyond Finance

Lesson 7.57 min read

Other Emerging Web3 Uses: Supply Chain, Social Impact, IoT, etc.

Web3 is being explored in many other sectors too:

  • Supply Chain & Provenance: Blockchains can track goods as they move through a supply chain, improving transparency. For instance, IBM and Maersk trialed a blockchain for shipping documentation (TradeLens). With Web3, you could have tokens representing goods or batches, and each handoff is a transaction—creating an immutable audit trail. Consumers could scan a product in a store and see its journey (to verify it’s fair trade, or authentic). Companies can better recall items in a contamination case by seeing exactly which batch is affected. There are projects like VeChain focusing on supply chain with IoT sensors feeding data to blockchain (to ensure, say, cold chain for vaccines maintained temp—sensor logs on blockchain for trust). Not all of this involves tokens or user ownership, but it’s leveraging decentralization for multi-party coordination (different companies can write to a shared ledger without one owning it). Over time, maybe customers might even hold NFTs representing ownership of a product and its history (imagine a second-hand market where the NFT of a luxury bag proves it’s not a counterfeit, because the NFT was minted by the brand and tracked transfers between owners).

  • Governance and Public Sector: Beyond DAOs in crypto, governments are looking at Web3 for more transparent governance and services. E-voting is tricky (blockchain can secure votes, but tying votes to real people while preserving privacy is the challenge). Some places did experiments: e.g., Voatz (not fully blockchain, but used some elements) was used in some small-scale elections. But more interesting is funding public goods: Gitcoin is a Web3 project using quadratic funding (community decides which open-source/charity projects get matching funds, weighted by number of people who donate)—kind of like a decentralized grant distribution which cities or orgs might adopt. Also, digital identity for government services (as mentioned, EU's pushing a digital ID wallet that might use something like SSI). Land registries on blockchain are another often cited use (keeping tamper-proof land ownership records, tried in places like Georgia and pilot in India).

  • IoT and Machine Economy: Combining Internet of Things with Web3 can allow machines to transact with each other. For example, Helium: a decentralized wireless network where individuals set up hotspots (like mini cell towers) and earn tokens when devices use their network. Its Web3 meets IoT meets telecom – incentivizing community to build infrastructure (Helium grew a massive LoRaWAN IoT coverage network and is expanding to 5G small cells, all via tokens). Another example: electric vehicles could automatically pay charging stations via crypto, as discussed earlier. Or smart appliances could buy supplies (your smart fridge orders and pays for milk when low, negotiating price via a decentralized marketplace – futuristic but conceptually possible with Web3 micro-payments and agent-run contracts). These scenarios treat devices as agents with wallets—could spawn an “M2M economy”.

📊 Analogy: Smart Devices as Autonomous Customers Imagine your fridge detects it’s low on milk. It connects to a store, negotiates price, pays in crypto, and schedules delivery—all without you lifting a finger. That’s the vision of IoT + Web3: devices that act on your behalf securely.

  • Social Impact & Charities: Web3 can innovate how charities operate by increasing transparency (donations tracked on chain: you see that $ you gave moving to the aid recipients, not lost in bureaucracy) and reaching people directly (cryptodonations can cross borders quickly). Also, new models like ImpactDAO or ReFi (Regenerative Finance) aim to fund environmental or social good using crypto incentives. For instance, tokenizing carbon credits (like Toucan protocol does, bridging carbon credits onto Polygon so DeFi users can easily buy and retire them to offset emissions). This could increase participation in carbon markets and drive climate action funding from crypto wealth. Another: proof-of-impact NFTs—maybe when you donate, you get an NFT that represents a tree planted, which you could hold or trade (some did that concept with Treeverse etc.). There’s also UBI experiments (universal basic income) via tokens—e.g. Proof of Humanity project gives verified humans a small stream of UBI tokens. While small now, it’s an interesting socio-economic experiment with Web3 enabling borderless distribution of aid/funds by community consensus.

📌 Sidebar: What is “ReFi”? Regenerative Finance (ReFi) refers to projects that aim to use Web3 incentives to fund positive impact—like climate restoration or community investment. It’s a shift from extractive to regenerative economics, enabled by transparency and tokenomics.

  • Content and Web (decentralized web infrastructure): Web3 beyond apps is also rebuilding underlying protocols—e.g., Filecoin/IPFS for storage (instead of cloud drives), Livepeer for video streaming infrastructure (people share bandwidth and earn tokens, so dApps can stream video without expensive servers), The Graph for indexing blockchain data (like a decentralized Google for blockchain data, powering many dApps). Even DeFi or Web3 cloud computing (Golem, etc.) where computing power can be shared. These are more developer-facing but they ensure that a truly decentralized app doesn’t just rely on central servers for any component. The dream is a fully decentralized web stack: your browser loads a site through a peer-to-peer network, assets coming from IPFS, logic from smart contracts, and you sign in with a wallet. We’re partway there technically, but central points remain (like reliance on nodes run by few providers, etc.). Over the next decade, these core protocols may quietly become part of the internet’s backend if they prove efficient and robust.

📋 Sectors Adopting Web3 + Sample Projects

SectorProject/ProtocolWhat It Does
Supply ChainVeChainTracks goods from origin to store
Climate ActionToucanTokenizes carbon credits
Decentralized WebFilecoin/IPFSPeer-to-peer file storage
TelecomHeliumCrowd-powered wireless networks
Public FundingGitcoin GrantsCrowdfunds open-source via community votes
IoT IntegrationStreamr, Ocean ProtocolMachine-to-machine data trading

All these non-financial uses underscore that Web3 is about distributed trust and collaboration in any context. Wherever multiple parties need a common record or users deserve more control over digital interactions, Web3 has a role:

  • verifying authenticity (in art, supply chains, news perhaps to combat deepfakes via content signatures),
  • aligning incentives (paying people for contributing resources like bandwidth or data),
  • removing middlemen to reduce friction/cost (whether banks, or platform monopolies, or government bureaucracies),
  • empowering individuals and communities (from owning creative outputs to governing communities and assets).

The key is we are still early in exploring these. Some attempts will fail or be unnecessary (not everything needs a blockchain—sometimes a shared Google Doc is fine!). But just as the early internet had many experiments (some dotcoms flopped, some ideas took 20 years to flourish), early Web3 is throwing spaghetti at the wall to see what sticks long-term.

If Web1 digitized information and Web2 digitized interactions, Web3 is digitizing ownership and trust. Beyond finance, that principle can reshape how we do just about anything digitally. It doesn’t mean old systems vanish overnight; they might integrate or run in parallel. But it's a broad paradigm shift slowly permeating multiple sectors, as we’ve explored.

🧠 Final Prompt:

Where in your life do you rely on intermediaries? Banks? Schools? Marketplaces? Which of those could Web3 improve by removing the middlemen—or by letting you own more directly?