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?
in my opinion, a statement like that is somewhat made, because in fact blockchain has not been able to implement it 100% effectively and we can see that there is still a lot of hacking from blockchain usage which I feel is still not safe, because it concerns someone's finances so it requires security at least equivalent to a bank, so if there is hacking at least we know where our coin coin goes, and blockchain should be able to help until the problem is over, it seems that it still hasn't been realized well for now, and I hope in the future to be even better