Web3 in Plain English

The Problem

The father and mother of a family die, leaving two kids, one home, and a mixture of stocks and cash in the bank.

The father and mother made a will, but there is a dispute about whether the executioner follows the will. What if the executioner is not following the will, withholding the money in the bank, and preventing the surviving family members from their share of the inheritance?

What if the exe...

The Problem

Your son or daughter wants a new e-bike or something rather expensive. As a parent, you don’t want to spoil your kids with costly gifts they may or may not use.

But kids persist and will keep begging, persuading you to buy them that gift.

So you make a deal with your kid that if they get straight A’s, you will buy them an e-bike.

From the kid’s perspective - you get straight A’s, and your parents st...

Web3 Use Cases - Vehicle History Reports

The Problem

When buying a used car, it’s essential to know its history. 

Was it involved in a car accident?

Did the current and previous owners maintain the car?

The current owner that is selling the car wants the car sold. They may hide information about the vehicle if that hurts it getting sold. 

The car could have been in an accident. The owner may have taken so...

1. Imagine a smart contract generator that is geared towards home improvement.
2. The contractor goes on a website and creates a smart contract.
3. The smart contract will consist of the following
   1. Details of the home improvement
      1. The types of tiles used for the bathroom
         1. Along with more information on the tiles used
            1. Manufacturer
            2. Style, size, the color of tiles
         2. Where Which room will use the tiles
         3. How many tiles
      2. How...

Web3 Use Cases - Farm to Table

The Problem

How do you know the food you eat is from a local organic farm? Sure, the label on the bag of organic spinach says it is organic and came from a farm in the same state you live in. But is that label correct? Could the company that put that spinach in that bag be lying? The spinach could have come from an out-of-state farm, and the spinach is not organic. It was grown conventi...

Web 3 use cases - Healthcare Research

The problem

The problem with Healthcare Research is that most research involves white people. And more specifically, white males. And non-white races, mainly black and brown races, are nonexistent. Women are more “complicated.”

Now Web 3 and the blockchain won’t solve having other races be in RCT, random controlled trials - the gold standard in scientific research. Researchers...

Web 3 use cases in Plain English- Electronic Medical Records

The problem

When a patient visits the doctor, the doctor asks you questions about any health issues, then does an examination, and at the end gives you recommendations that could involve medications, treatments, and lifestyle changes.

At the same time, the doctor is making notes on a paper chart, which a nurse or the front desk will later enter into the computer...

Web3 Use case for Streaming Music:

Spotify could work with the Music Rights Holders and artists to create a smart contract, code on the blockchain, that would do the following:

1. The customer listens to an artist’s song using Spotify.
2. As the customer plays the song on their phone, the Spotify app on the phone will communicate with the smart contract on the blockchain.
3. The smart contract will record the number of times th...