Blockchains allow frictionless, fast, safe, and fair transactions between parties worldwide. They limit the ability of parties to benefit at the expense of the greater economy. They allow integration of the entire world into a fair and level economic playing field. And will help us to create the fair, honest, efficient, and safe world we all want to live in says Paul Snow, CEO at Factom.com, in Bithub.pls #SundayInterview.
Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?
I can give you an example of how blockchain can change the traditional practices of doing things: my country recently announced that they are going to make election system based on blockchain so that nobody could modify the results of voting. Such a system would be indeed as fair and honest as never before so I'm waiting patiently for it to be implemented during the upcoming elections.