Building Trust In The Trustless: Blockchain's Best Asset Is Holding It Back.
Blockchain technology is often described as “trustless”. It’s repeatedly touted as one of the technology’s key benefits -- and for good reason.
The development of blockchain marks the first time it’s been possible to develop software that doesn’t require a trusted intermediary. And yet, perhaps ironically, it’s trust, or mistrust and uncertainty, in the technology that’s holding back blockchain’s mainstream adoption.
As Power Ledger Co-Founder and Executive Chairman Dr Jemma Green argues, if blockchain’s full potential is to be realised it will have to find its place within a regulatory framework, while that regulation needs to be flexible and responsive to the full potential of blockchain in order not to stifle its development.