Blockchain

Blockchains allow social agreements, or "smart contracts", to be formalised and entrusted to machines to execute at the right time, and right conditions. These codified laws can be audited by anyone, and are impossible to hack. Since everyone can look at these contracts, the need for having to trust a third party is eliminated, and instead transferred to machines that automate trust.

This property of blockchains makes them 'trustless', where transactions between individuals no longer need a trusted third party, such as a bank.

Imagine a future where machines talk to each other, to track supply chains, pay carbon credits, manage the ownership of assets and emission of currencies in a new world, where trust is guaranteed by technology.

The internet gave us easy access to information, which we now take for granted. Blockchains will make trust a natural, expected and readily available commodity. Trust will be so ubiquitous to society, that it will be an invisible fabric of business.