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.
I don't know about that statement though, Blockchain in not a miracle technology that can turn the world upside down.
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?
Yes its a breakthrough technology, however, just like a mentioned its not the magic bean that we all been expecting. It can help and alleviate a lot of issues, however, just like any technology it has its ups and downs. It will be years before we can see the effect of this technology in our lives.
I agree with this because blockchain technology I believe won't be the only thing that will turn the world upside down. I mean, blockchain technology is just an inch of everything that contribute to the evolution of digital world.