Blockchain: The Road to Utopia

By Nathaniel Karp / Marcial Nava

Blockchain, also known as Distributed Ledger Technology (DLT), is a general purpose technology that promises to boost economic and social well-being by significantly lowering transaction costs. Like the Internet in its beginnings, the future of blockchain is hard to predict, and while most of the attention has centered around the impact on finance, applications to other sectors are growing exponentially.