BlockSocial was started, as many great ideas often do, with a eureka moment. That moment? The realization that blockchain, bitcoins underlying technology can upend the outdated, centralized model of trust management which is at the heart of how societies and economies currently function.
Blockchains ability to establish decentralized trust, along with creating an immutable, transparent and distributed ledger, open to all yet controlled by no one, would open up previously impossible business models, and create new and interesting opportunities for savvy investors.
However, like many new technologies, blockchain’s innovation and disruptive power will create both economic winners and losers. Occupations and industries that act as trusted third parties today or serve some other middleman function are likely to become obsolete in the not to distant future.
It is with this understanding that BlockSocial was founded. To serve as a trusted resource and social community designed to educate, inform, and connect people all over the world in better understanding and capitalizing on this revolutionary and transformative technology, called blockchain.
