Blockchain Revolution

Implications for the Blockchain Economy: Rather than trusting big companies
and governments to verify people’s identities and vouch for their reputations, we can
trust the network. For the first time ever, we have a platform that ensures trust in
transactions and much recorded information no matter how the other party acts.
The implications for most social, political, and economic activity are staggering.
It’s not just about who married whom, who voted for whom, who paid whom, it’s
about any endeavor that requires trusted records and assured transactions. Who owns
what? Who holds which rights to this intellectual property? Who graduated from
medical school? Who bought guns? Who made these Nike shoes, this Apple device,
or this baby formula? Where did these diamonds come from? Trust is the sine qua non
of the digital economy, and a platform for secure and reliable mass collaboration
holds many possibilities for a new kind of organization and society.