Blockchain: Trust economy
Taking control of digital identity
BLOCKCHAIN IS OUTGROWING ITS ADOLESCENT CRYPTOCURRENCY IDENTITY, WITH distributed consensus ledgers becoming smart contracts facilitators. Beyond creating efficiencies by removing the legal and financial intermediary in a contractual agreement, blockchain is assuming the role of trusted gatekeeper and purveyor of transparency.
In the emerging “trust economy” in which a company’s assets or an individual’s online identity and reputation are becoming both increasingly valuable and vulnerable, this latest use case may be blockchain’s most potentially valuable to date.
Published: October 2017