Blockchain Applications Will Thrive, but Only With State Support

[kreslik.news]

This article was written by Rupert Hackett, Community Manager at BuyaBitcoin.com.au, a wholly Australian owned and operated bitcoin company.


It is 2016 and the awe of the success of Bitcoin as a non-government censured, anarcho-capitalist currency is gradually giving way to the realization that distributed public ledger technology, known as ‘the blockchain’, has a vastly greater opportunity to change society when coupled with the state.

The Economist, a weekly magazine with over 1.5 million subscriptions, featured an article on the blockchain on the cover of its issue of the last week of October 2015. The article’s title, ‘The trust machine’, ... (read more)