No wasted energy, no centralisation risk. Catalyst: one of a kind
In 2008, while our central authorities spectacularly demonstrated how they failed to protect trust in our economy, a paper was published anonymously that introduced a new protocol allowing the transfer of digital cash without trust in a third party. It enabled, as history proved, the first successful decentralised system for digital cash transfers: the so-called Bitcoin blockchain.
This opened the door for a new economic era, one where intermediaries/middlemen would no longer be needed to establish trust in our economy. Blockchain is a provably secure system, offering transparency to its users and thus accountability for their actions, immutability and thus data traceability and non-repudiation, as well as accessibility and privacy to all. In that respect, it offers a direct solution to growing problems faced by the centralised system presenting opaque audit layers, undermining our privacy, being increasingly hacked and notoriously excluding communities from our economy.