Blockchains are a viable alternative to the discrimination and inefficiencies of legacy financial institutions. Public blockchains are globally distributed systems of record that provide permissionless access to anyone with an internet connection. Anyone, regardless of their profession, can use a public blockchain to store their funds and transact without fear of having their accounts shut down. Blockchain transactions also have strong finality guarantees, so the fraudulent chargebacks used as justification for classifying adult entertainment businesses as ‘high-risk’ are effectively impossible. Further, blockchains such as Ethereum, which support smart contracts, can be used to decentralize the business processes of expensive middlemen and render them obsolete.
