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What's the general use case of the internet? Any answer to that still leaves you to connect the dots with real-world effects. It sounds like you wants some of t
by thomasrognon 9y ago
What's the general use case of the internet? Any answer to that still leaves you to connect the dots with real-world effects. It sounds like you wants some of those real-world effects for blockchain technology listed for you. Here are some far-reaching possibilities...
* Puts the whole world on the same level of financial freedom and participation -
farmer in Africa without an internet connection permissionlessly invests in a Chinese tractor company via text.
* Solves the problem of ownership - no need for house, car, etc title companies.
* Brings a new level of honesty to the financial world - auditing industry goes away because it's not possible to cook the books.
* Every movement of value becomes near-instant and doesn't require trusted middlemen - elimination of clearing houses.
* Breaks down national borders - vastly improved supply-chain logistics.
It has the potential of reshaping almost every corner of the underlying structures of modern economies. Just like the internet, it's the foundation for a new chapter of innovation. Who knows what will come of it?