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capiki | 4 years ago

I think 1) will probably never get "solved," but that's ok. I don't think the vision of DAOs replacing traditional companies will ever materialize, for example. It's just too inefficient.

What I see blockchains enabling (to what degree, tbd) is ownership of digital assets without a central party. Take concert tickets, for example. Imagine a world where transaction fees are nominal and blockchains are scalable. An artist/venue can mint tickets and have people buy them directly from them, no TicketMaster with 20% "convenience" fees needed. Now, of course, there will exist a product (probably a winner takes-all, as usual), that will serve as the UI to mint the tickets. But a significant value add of such products, the validation of tickets via the authority of their name, will be replaced by the blockchain. I don't know exactly what that'll look like, but I don't think that's insignificant.

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