May 30, 2021

The blockchain technology or distributed ledger, the developments and advances in finance resulted in a deepening of the financial and credit markets. Think of the days before the development of the credit markets. In the old days, department. The blockchain technology or distributed ledger is tailor-made for this world. In theory, the ledger lists each person’s assets, allowing the person would access credit and liquidity up to his or her net worth. Although we are not there yet, the distributed ledger is moving us closer to that world. To make our case, we need to make an analogy that puts in perspective how we view the blockchain or distributed ledger. To us the analogy is that of the cellphone. Originally it competed with the landlines. While initially it was more expensive than landlines, it offered the convenience of portability. People could take the cellphones with them, talk in their cars, while walking etc. In time cellphones gained acceptance. Technological innovation lowered the cellphone costs further accelerating the shift towards cellular. As the technology improved, the computing power and storage capacity of the phones increased allowing the phone to perform other functions, new features were added. The cell phone became a mini-PC and programmers developed subroutines for common or frequently used task. The subroutines or Apps as we now call them, performed specific functions for the consumers. The App ecosystem exploded, the cell phone users are much better off because of the Apps and the developers are wealthier. A win-win. We see a parallel between the cellphone and Blockchain. We believe that it will have a huge impact on society. The question is what type of activities are likely to benefit the most from a distributed ledger?

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