Summary

The internet transformed business and society by allowing people to leverage the platform to quickly engage with people all over the world. New companies and business models were created, disrupting old giants and creating new structural foundations for society.

Blockchain takes the powers of the internet even further and proposes a new model for society and commerce. Trust is built between separate actors through an immutable, shared ledger that records transactions and actions. Although the technology is still in its very early stages, it’s already making inroads in finance, technology, and global trade.

Blockchain gives the new, purpose-minded consumer peace of mind since it can provide accurate information on how products are sourced, the materials that went into making the product, and how the labor that made the products was compensated. It also gives actors the ability to create smart contracts, ensuring they will have authentic and verified business transactions.

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