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 agree with this. I believe that blockchain will be the future of convinience and money. As we can already see, it slowly changes our daily lives and specifically in financial aspects. But if this happens, maybe it will take a decade or even longer until it will be fully-adapted. This is not quite easy.