Key take aways from the Blockchain revolution

ensuring the integrity of data exchanged among these billions of devices without the need for a trusted third party
allow people that do not have access to the service of these third part into the digital economy
easier ability to get compensated for your work or ownership of digital property
Ronald Coase on types of costs
- Searching cost
- Coordination cost
- Contracting cost
Dimensions of search
- horizontal search – wide search across the web
- vertical search – within a specific website
- sequence – blockchain?
Innovation typically comes from the edge
- monopolies have a lot of resources but lack the culture and will to explore, Yochai Benkler
- This can be attributed to high levels of bureaucracy within the core