Blockchain technology is in essence, an internet transaction layer that enables execution of civil and economic transactions without referencing intermediaries.
Core to blockchain innovation is the principle of “visible verification” of transactions, across a disparate network of verifiers that remove reliance on centralized verifiers.
As a consequence of the principle of “visible verification” of anonymized data, blockchain technology has been prevented from reaching its true disruptive potential.
With the advent of cryptographic determination of confidential data, we are at a tipping point, where identified participants can confidentially contribute to a common transaction fabric.
By combining regulatory compliant, identified peer to peer transactions with non-financial communities, we stand to ignite initiatives that liberate the disruptive potential of the blockchain, initiatives that will reshape transaction fabrics as we know them.