Disintermediation – A Peek at the Post Industrial Economy
Decentralized, Distributed, Disintermediated.
They all add up to one thing: Extreme Disruption. No matter how you look at it, the blockchain, typically associated with just cryptocurrencies like Bitcoin, is already disrupting life as we know it.
The blockchain portends that the future will indeed be very different from the present and it’s more than just about the existing paradigm crumbling our old fashioned banking system. Many professions and industries are being disintermediated by the blockchain. Bottom lines are improving, burdensome regulations are being shed and a more honest, transparent and infallible way of doing business is dawning.
That’s just the beginning. This interview with Andreas M. Antonopoulos, a top bitcoin and blockchain analyst and speaker, lays it all out and offers much food for thought. You’re bound to look at the world differently after you read it.
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“The blockchain is a distributed database. The magic of bitcoin comes from sharing control over that distributed database through a consensus mechanism called “Proof of Work.” This ensures that no one is in control of bitcoin and that it operates based on predictable rules.” Read more…
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