3 ms·
It seems useful as way to keep records in poor or very corrupt countries without stable institutions. For example, if you don't have a very stable government, i
by gersh 9y ago
It seems useful as way to keep records in poor or very corrupt countries without stable institutions. For example, if you don't have a very stable government, it seems like it is a good solution for keeping property records or storing voting records. It also seems like an alternative for creating universal financial records without requiring the same level of regulation. Fundamentally, the technology is disrupting the way government functions. However, if we live in countries with stable, existing governmental institutions it may be hard to fully understand the disruptive potential.