I feel like the author here really misses what makes this movement in technology interesting, and that is evident in the title. Blockchain is not the innovation, distributed ledgers are. Blockchain is just one component in one formula that made it work. When you take DLT as the focus, you can examine how disruptive the technology CAN be on traditional ledger systems that require enormous amounts of human energy to maintain. And those who maintain these systems tend to take advantage of those systems. There's so much to be gained by automating away many of the traditional roles banks play.
One handy thing about Bitcoin and systems like it is that, by creating digital money systems, the industry is funding itself which will hopefully lead to the rapid evolution of technologies within the space. There are hard problems to solve, but enormous incentives to solve those problems.
One handy thing about Bitcoin and systems like it is that, by creating digital money systems, the industry is funding itself which will hopefully lead to the rapid evolution of technologies within the space. There are hard problems to solve, but enormous incentives to solve those problems.