On a recent podcast, Andreas Antonopoulos spoke about how crypto-adoption will reshape the existing society through automation and trust on decentralization. He envisioned a future in which decentralization, not blockchain or Bitcoin, would become a trend of paramount importance. This would enable tracking and transfer of ownership of any kind of digital asset, including property and personal belongings.
Antonopoulos shared his belief that Bitcoin held the same disruptive capabilities as e-mail. He said, “(Just like email technology), you will see many other applications emerge from the other properties of the decentralized trust mechanism system.”
While supporting blockchain, he also cautioned users about its permanent nature prior to deployment. In the end, it is much harder to corrupt, co-opt, and censor as the blockchain ensured adherence to its designed model, he said. Further, several traditional business models could utilize smart contracts for eliminating the need for central databases for making business decisions.