Blockchains could be the most important technological innovation since the Internet itself. Facilitating transactions between organisations and people requires trust. Every day we pay invoices or buy goods and services with debit or credit cards, issued by a bank or credit card company that guarantees these payments. These middlemen are appointed, regulated and audited by governments, providing us with a peace of mind that many of us take for granted.
But what if you could arrange these transactions using technology, providing you with the same guarantees as a regulated bank, but without the middleman? This is what blockchain does. More than that, it provides a mechanism to do business without knowing your counter party or their reputation. In a digital space, the only thing that matters is the number.