How Blockchain Can Solve Real-World Problems

1. Ability to Manipulate Money

Blockchain allows varying degrees of trust to be built in at the transaction and communication level of the infrastructure itself. As trust becomes part of the infrastructure it will seem to disappear from the perspective of the end user.

2. Ability to Implement Trust

Blockchain is only self-sufficient as a ‘promise keeping’ system when all of the interactions between parties are carried out against assets native to the platform, and, at the same time, the interaction is an atomic swap. Anything else that requires input from an external party (price of goods, temperature reading, etc) will require additional trust and is subject to manipulation.

Vasiliy Suvorov, VP Technology Strategy, Luxoft

3. Ability to Import Real World Information

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