Reinforcing The Links Of The Blockchain

Blockchain, as an industry, has entered its Cambrian phase. A glut of investor interest has led to an explosion in the technical diversity of projects now underway. During the first half of 2017 alone, over one billion dollars was directed to the funding of blockchain start-ups. 1 This money, which supports the development of competing technologies, is accelerating the speed of fragmentation in the industry. At the heart of the burgeoning innovation in the blockchain space is an undeniable contradiction: though the impulse to compete is at its peak, so too is the need for collaboration.

Blockchain technology is poised to change nearly every facet of our digital lives, from the way we send money to the way we heat our homes. By obviating third parties, blockchains promise to make our systems more efficient. By circumventing censorship, they promise to make our systems more equitable. And if properly implemented, they could make our systems more reliable and secure.

Reinforcing The Links Of The Blockchain