Commoditizing Trust and Disrupting the System
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Gavin Wood |
TEDxVienna
• October 2017
The innovation and advancement offered through open-source & decentralisation paradigms will outperform the economies of scale and cronyistic advantages offered through stable, heavy centralised players as soon as technology exists to irrevocably and dramatically lower the barriers for entry into the sector. Trust-free technology, of which decentralised consensus systems such as the blockchain is the first solid example, is to the notion of trust as the internet was to communications.