Blockchain Revolution

1.
Networked Integrity
Principle: Trust is intrinsic, not extrinsic. Integrity is encoded in every step of the
process and distributed, not vested in any single member. Participants can exchange
value directly with the expectation that the other party will act with integrity. That
means that the values of integrity—honesty in one’s words and deeds, consideration
for others’ interests, accountability for the consequences of one’s decisions and
actions, and transparency in decision making and action taking—are coded in decision
rights, incentive structures, and operations so that acting without integrity either is
impossible or costs a lot more time, money, energy, and reputation.