I'm writing this post to draw your attention to an emerging technology that has true potential - promise, I would even say - to radically change and improve the world. Like industrialization, the widespread adoption and use of blockchain technology will have far-reaching effects on virtually every area of our lives. Like many disruptive technological advancements, the blockchain will be met by doubt, challenges, and resistance from the existing status quo. After studying blockchain technology, I've come to the conclusion that it it won't just improve our lives, but that it may save our specifies from many of the systematic problems we face today. It will be our foundation as we move into an age of hyper-technology, automation, and big data. Decentralization will keep society open, transparent, and free, rather than controlled at the top and murky at the bottom. What is blockchain technology? It is essentially a distributed ledger where each node has an exact copy of every block (data, transactions), which makes it a trustless system. This discussion assumes you have a basic understanding of the technology (though I'm happy to elaborate). Due to it's decentralized nature, you don't need a central authority to verify the data - which opens up a world of possibilities. Among such possibilities: Non-inflationary currency censorship-proof domain name systems stock markets autonomous organizations private legal contracts (wills, deeds) public ownership contracts historical records Identity verification system electronic voting cloud storage social networks governments All decentralized, immutable, independent, without a central authority. We have these existing systems and more already, but they all operate with a "trusted" central authority, usually a government or large corporation. The Federal Reserve controls (and manipulates) the U.S. dollar. ICANN controls the world-wide TLD domain name system. Contracts require lawyers, verification, and court systems. Historical records can be lost or manipulated. Identities can be forged. Voting must be done in-person. Governments aren't remotely democratic, even local governments. I could go on and on. The problem with such systems is they are open to manipulation, fraud, and exploitation. Imagine a world where stocks can be traded instantly with 100% confidence without a broker or exchange. Imagine a currency that can be sent in minutes for pennies anywhere in the world, free of government manipulation and without banks. Think of a legal contract, law, or historical record that can be looked up by anyone without any doubt to it's authenticity. Imagine a local government where every citizen has a voice in their government. Blockchain technology allows such systems to be created that a cannot be easily compromised, and doesn't require us to trust a centralized actor, immensely reducing many of the problems in our existing systems. The blockchain can not be easily subject to special interests, government interference, or fraud. The possibilities and radical change this technology presents pushes the boundaries of the imagination. Decentralized systems will disrupt existing power structures by providing frameworks that reduces conflict in society, and makes society more free, transparent, efficient, and prosperous. My questions (take your pick) to you are: 1. Do you agree that blockchain technology will radically disrupt existing power systems for the better? 2. Do you agree with the benefits of such decentralized systems? 3. How can such systems reach a critical mass of adoption? 4. What level of resistance do you think existing power structures will present? 5. Combined with other emerging technologies, what might our world look like after adoption? I may update this post to expand my explanation as needed.