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I'm getting to be a bit of a broken record on this, but here goes: blockchain can automate the trusted third party. A records clerk in the land registry office
by Chris_Jay 9y ago
I'm getting to be a bit of a broken record on this, but here goes:
blockchain can automate the trusted third party. A records clerk in the land registry office who must be trusted to not alter a document no matter the bribe can be replaced by an algorithm. So can a person counting ballots. Or a bank paying me money to pool my savings into an investment fund. Or an NGO guaranteeing that my donation reaches the people in need.
Trusted third parties aren't seen as an industry because they're typically seen as the cost of doing business - That cost is about to drop precipitously.