Digital Transformation: SMEs in WEB3 Forum

ABOUT:

Blockchain-based Web3 applications offer unprecedented advantages in enhancing business efficiency during digital transformation; however, SMEs exhibit a notably low adoption rate. This interactive session will explore the reasons behind this hesitance and demonstrate how SMEs can effectively utilise these innovations. Through practical demonstrations and detailed case studies with invited industry practitioners, we will discuss the tangible benefits and common obstacles that SMEs face in the adoption of new technologies.

SMEs in Web3 Forum is a collaboration between the Asia Pacific Family Business Symposium with the Western Australia WEB3 Association and the Global Fintech Institute. The event hosts “fireside chats” and presentations from SMEs and experts on how SMEs use WEB3 technologies in their business.

The event is moderated by Dr Andrzej Gwizdalski, WAWEB3 Chair and UWA Honorary Research Fellow with Prof David Lee Kuo, Global Fintech Institute Chair. 

Please take advantage of the full day Symposium held online on the 26th of September and register free here: https://www.uwa.edu.au/schools... 

Session Outline:

Opening and keynote on web3 technologies in business. 

1.    High-level overview of Web3 and blockchain technologies and their relevance to SMEs. 

2.  Case Studies: Detailed examination of two specific use cases:

2.a.  Supply Chain Management and Provenance of Goods: From agriculture to minerals, showcasing how blockchain can enhance traceability and security.

2.b.     Cross-Border Payments and Financing: Demonstrating how blockchain facilitates smoother, cost-effective financial transactions.

Each case study will highlight how these applications streamline operations, reduce costs, and save time.

3.     Practical Demonstration: Live demonstration of blockchain technology applications in real-time scenarios relevant to SMEs (payments). Interaction with the audience to showcase hands-on benefits and operational execution.

4. Q&A with the audience