The Blockchain Token Industry, Leading To A New Era Of Humanity

All obstacles to the development of human life are created by “distrust of one another”. Indeed, in a society of mutual skepticism, people will be suspicious and self-limiting, and the operational efficiency of such a race is very low.

The essence of the economic and financial crisis is the destruction of the social credit system. During the 2008 subprime loans in the United States, many companies lost money by lending to people who could not repay.

The meaning of credit is the preservation of value. The Internet of Things has solved asymmetry data, but it still hasn't solved asymmetry costs. The Internet can provide information, not a huge change in the wealth of the community.

The birth of the blockchain can solve the problem of value asymmetry. The interest of the blockchain is to balance the cost created with the return of each wealthy person.

Blockchain is really a smart contract, the execution of a smart contract must be honest and consistent because it is a smart contract that executes in a computer language and not in a legal language. . is completed automatically. When the predefined events are encountered one by one, the required operations are completed.

The news of "How to prove that the mother is my mother" which has been popular on the Internet in the past is a problem because of the bad credit system community. Solving it with the blockchain is very simple. The birth certificate, birth certificate and marriage certificate are notarized and entered into the blockchain database, and this information is notarized and transmitted by trusted international registers.

In the future, we will no longer be able to believe the stories we write of companies and ignore these scams anymore. Blockchain makes a good chunk of the exchange rate, which is the highest state in the credit community.

The organization is being renovated and expanded, and therefore the value proposition, the value created by each individual will be accurately recorded and rewarded accordingly.

Therefore, it is no exaggeration to say that blockchain is a complete revolution in which human life has arrived, and we are going through a massive era of transformation from "Internet of Information" to "Internet of Things". .