This thesis dives into how Web3 can create efficiencies compared to the Web2 model, all through the lens of Transaction Cost Economics (TCE) in the digital economy. Rather than just sticking to the traditional TCE framework, it expands on it to address the new complexities that come with decentralized systems. It takes into account factors like implementation and training costs, the hurdles of distributed governance, the necessity for secure code and infrastructure, as well as issues related to scalability and usability, not to mention the long-term resilience of protocols. To bring these ideas to life, the study conducts a comparative analysis between a Web2 benchmark solution (Oracle SCM) and a Web3 alternative (VeChain).