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How is trust established without trusted third parties? Although it is not possible to offer a prediction of how distributed ledger technology with change society, the assertion that new and publically-accessible technology such as the internet, file sharing and social networks would empower individuals and lead to a more transparent and equitable society has been made before. While the advent of the internet has led to unparalleled global communication capabilities, it has also allowed for a situation of total, mass surveillance. The blockchain offers a trustless information security model, replacing human judgement with proof-of-work algorithms and perimeter security with total transparency.
How is trust established without trusted third parties? Although it is not possible to offer a prediction of how distributed ledger technology with change society, the assertion that new and publically-accessible technology such as the internet, file sharing and social networks would empower individuals and lead to a more transparent and equitable society has been made before. While the advent of the internet has led to unparalleled global communication capabilities, it has also allowed for a situation of total, mass surveillance. The blockchain offers a trustless information security model, replacing human judgement with proof-of-work algorithms and perimeter security with total transparency.
Lead Analyst
