Blockchain will for the first time allow societies to disintermediate the exchange of value while still ensuring that value is transferred. Escrows, Notaries, law firms and other pillars of our economies that have been responsible for maintaining, guaranteeing and upholding value exchange will no longer be necessary. Instead we have a cryptographically verified “stream of history” (of transcations) in public Blockchains with smart contracts that trigger given certain conditions. All this serves to oil the economic machine in a way that has never been possible.

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