This is an extract from a forthcoming book on the Blockchain economy by Bernard Lunn, an excellent introduction to applications of the technology in the real world
Legacy Finance took centuries to build, while the Market Infrastructure for the Blockchain Economy is being built at hyper-speed over one or two decades. At that hyper-speed, there are bound to be some accidents. Those invested in Legacy Finance are publicly trash-talking the disruption, while investing quietly to be a player in Blockchain Finance. We have lived with Legacy Finance for so long that it is hard to imagine a real alternative. So in the first iteration, Blockchain Finance will look a bit like a version of Legacy Finance (like the talking heads era when TV imitated Radio).
This is Part 1/Chapter 2 of The Blockchain Economy. This serialised book is a practical guidebook for investors, entrepreneurs and employees who want to learn how to prosper during the the transition to an economy where value exchange is permissionless and disintermediated. For the index please go here.
The 3 layers…
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