Why the blockchain revolution will accelerate in 2018.
Serial technologists, business leaders, and government officials have long been awaiting a better ‘system of organization’ for the planet’s most important and lucrative information. In many of our most valuable industries, legacy, work-around infrastructures are hobbling on their last few limbs. They are lagging far behind frontier technology. As a result, there is huge demand for a network-level overhaul, that can revolutionize the foundational building blocks of our growing international economy.
Much like the early days of the internet, optimists are hopeful that the solution to many of society’s most innate, yet deceivingly complex challenges has recently arrived in the form of blockchain technology.
If successfully implemented at scale, decentralized blockchains have the potential to accelerate the world forward from a very fundamental perspective. We can fix problems engrained in the way we view systems of trust and power. Centralized networks of power will become a legacy management system, realizing that meritocracies are essential components of a functioning, free economy.
To take a step back, it is important to understand at a very high level that “ blockchain is simply an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors of the Blockchain Revolution (2016). Abstracting the notion of a public ledger to massive sectors in the global economy, like freight, finance, and government, it is easy to see just how valuable immutable, transparent logs of data have the potential to be.
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