By the time of generalized “trust crisis” (institutions, media, banking service,…) Blockchain brings a new answer to the fundamental question of trust by ensuring security and transparence of the information, without resorting to an authority or a third party.
It combines the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust. What blockchain does is shift some of the trust in people and institutions to trust in technology. Blockchain has the potential to change the way we buy and sell, interact with government and verify the authenticity of everything from property titles to organic vegetables. The first was an introduction, this one's about how Blockchain works and its role in creating digital trust, and the third article will be about how you're likely to make first contact and use it. Indeed, when using blockchain there are no third parties involved in trying to keep our documents or credit card information safe and therefore no risk of having our data stolen. Blockchain: a new economy based on trust. The blockchain raises a key human question: How much should we pay to trust one another?

Bitcoin’s trustless platform and technology is powered by a combination of cryptography, Proof of Work consensus, peer to peer networks and merkle chains, all of which result in an independently verified decentralized distributed ledger whose transparent process completely eliminates the need for trust in transactions.

This is emergent trust in the particular security system that is blockchain.

In the past year, I’ve paid my bank interest and fees, … Blockchain and its most famous application, Bitcoin, was designed to eliminate trust issues when making transactions.


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