Читать книгу Cryptocurrency All-in-One For Dummies - Peter Kent, Kiana Danial - Страница 107

Larger and longer-run blockchain projects that are being explored now include government-backed land record systems, identity, and international travel security applications.

The possibilities of a blockchain-infused future have excited the imaginations of business people, governments, political groups, and humanitarians across the world. Countries such as the U.K., Singapore, and the United Arab Emirates see it as a way to cut costs, create new financial instruments, and keep clean records. They have active investments and initiatives exploring blockchain. For information about how blockchain is fueling the economy of the future and why that may influence your decision to consider investing in cryptocurrencies, see Book 5, Chapter 1.

Blockchains have laid a foundation where the need for trust has been taken out of the equation. Where before asking for “trust” was a big deal, with blockchains it’s small. Also, the infrastructure that enforces the rule if that trust is broken can be lighter. Much of society is built on trust and enforcement of rules. The social and economic implications of blockchain applications can be emotionally and politically polarizing because blockchain will change how people structure value-based and socially based transactions.