Yes, recreating some aspects of the financial system but with an open source, permissionless, and decentralized base layer that uses more modern code and crypto

Yes, recreating some aspects of the financial system but with an open source, permissionless, and decentralized base layer that uses more modern code and cryptography. From that, additional applications can also be built on top - multi signatory accounts, a social graph, ownership of digital property, decentralized exchange and lending services, escrow, crowdfunding, and more.