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?
The invention of the blockchain is probably going to be one of the most important moments in this century, and it's very interesting that unlike many inventions or discoveries the blockchain was not celebrated by the world, only a few people realized the importance of such an invention, however while the blockchain is definitely going to change many aspects of our lives at the same time it is not going to change human nature.
A lot of people are expecting that some kind of utopia is going to come out of this and I have news for them, that is not going to happen, there are some people that are going to use the blockchain to do a lot of good things but like always there are going to be people that are going to use it to do bad things.