Blockchain entrepreneurs are working towards a future where everything from renting an apartment to betting on an election is guaranteed by a distributed public ledger. Is this the beginning of the end for the middlemen?
Read the full article at: www.wired.co.uk
“If you were to look at the blockchain startup environment only one year ago, finance would have dominated three quarters of it. That is natural, as bitcoin was the blockchain’s first child,” says Jamie Burke, founder of blockchain-focused investment firm Outlier Ventures. “What’s happened over the last months, is this explosion of startups proposing different [blockchain] applications to a vast range of areas.”
From prediction markets Augur to digital democracy project BitVote, the blockchain is expanding. In the health sector, Healthchain is letting patients monitor who has access to their medical records. “Many of these projects are very obvious,” says Burke. “But right now it’s not really about coming up with new ideas – it’s all about building the one that works best.”
Best news yet, because blockchain fosters an open system, it may be ultimately more secure. Imagine, a secure ledgering system for any and all things that are tracked….hmmm…are governments paying attention? Corporations surely are.