Blockchain and Trust
Looking at the future, in order to run virtual life, it would need everyone’s computer or processing power to contribute. However, not everyone has the same processing power. Reassigning of power are based on trustworthiness, rating, or social relationships.
By looking at the way we trade from past to present, they are corresponding to how we trust others.
Our trading methods have shifted from the Barter system to the unit system and now to the blockchain system. Relatively, trust has shift from local trust, to institutional trust and now the distributed trust. The importance of the blockchain system is that there is no more centralized power, and therefore more transparent.