The Potential of Blockchain Technology

The crypto ecosystem (or web3, or blockchain-based, or whatever you want to call it) is offering a new set of promises of how wonderful it will all be. Most of these promises will not be fulfilled, at least not fully or in the way we expect. But in trying to fulfill them, we will learn new things about what people can do online, and what types of b... See more

There is a substantial case that blockchain and distributed ledgers represent an important innovation that will make the economy work better. What the ultimate wealth creation happens to be, I can’t pretend to judge. Fundamental innovations like the internet led to era-defining wealth creation. Fundamental innovations like alternating current were ... See more