The last couple days, I put together a few articles on the shift that is taking place within the blockchain world and, specifically, here on Steem.  We are seeing progress being made to the point where the outlook is starting to transition.

This makes sense when you have a revolutionary technology that is going to disrupt most businesses.  In short, a case could be made that, of all the technologies coming along, blockchain could be the most provide the most impact over the next decade.
<center>![image.png](https://ipfs.busy.org/ipfs/QmTDTrjgqDnNgzQFz3jnFpZX78QrpLirRrCyE6RP8vph2i)
[Source](
http://www.slate.com/articles/business/moneybox/2017/07/jamie_dimon_is_fed_up_with_no_one_in_particular.html)</center>

It was not too long ago that blockchain was panned.  Sure, the Jamie Dimon's of the world used the "we hate Bitcoin but love blockchain" mantra but we all know that is a lie.  What Dimon loves is control and blockchain is not able to be controlled.  Thus, Dimon and his ilk created shared databases that they call blockchain.  Ultimately, he does not like blockchain either.

The reason for this is blockchain is going to clean the clocks of most existing establishments.  It is going to take down governments, multi-national corporations, and will eliminate jobs.  In fact, blockchain will be one of the major job killers over the next decade.

Of late, there are many articles appearing that are starting to discuss the potential of blockchain and the different industries it can disrupt.  It is interesting to note they are getting specific of how this might occur.  No longer is the discussion in the abstract.  A clear path to disruption is being seen.

This technology provides the ability to create an entirely new economic system.  In fact, we can develop many of them, all starting from the ground up.  This is something that was not possible a decade ago.  It is also the reason why so many companies, that are partially awake, are nervous.  What is about to take place will be an enormous paradigm shift.

Economies are built upon ledgers.  When you think about it, ownership is at the core of everything.  Who owns what at a given time is the most important question.  Laws are written to determine that while also setting up the institutions which can create those ledgers.  As certain groups amass power, they alter the laws to their benefit.  Banking, insurance, governments, and other financial houses are tasked with this.  The entire accounting profession is built around this.

At its core, blockchain is a distributed ledger.  This technology handles the task of "ownership" very well.  It also does not abide by law since the code is written to determine who owns what.  The institutions I just mentioned become obsolete under the scenario.

Without the need for these entities, along with a host of other companies that do nothing more than push "paper" around that is tied to ownership, we can see how much of what we deal with goes away.  The proverbial "middleman" is no longer necessary.  We also can remove all the dispute mechanisms since the systems we create virtually eliminate all mistakes and fraud.  

We often talk about the idea of tokenizing everything.  Whatever can be tokenized will be tokenized is the motto.  I believe this to be true.

What happens when this takes place is that determining ownership is a snap.  Simply read the blockchain to see where the tokens are.  The totals in each wallet is easy to see.  Also, friction is removed in the buying and selling.  Transferring ownership will take a few seconds.  

"Entities of trust" are removed.  The trust comes in the distributed nature of the system that is both transparent and immutable.  This is where the power lies.  Even the trusted entities are called into question.  Half a century ago, people out of complete ignorance trusted the government.  It was the patriotic thing to do after all, at least in the United States.

Today, that is an asinine idea to have.  It is an idea that appears to be catching on.

![image.png](https://ipfs.busy.org/ipfs/QmZQt6oyfr2ogF9XJG1umk9KbYTnYRh5DEfCo8szMG8aGS)
<center>[Source](https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/the-stock-market-up-away-or-crash-burn/)</center>

More Americans are citing the government, not only as untrustworthy, but a problem.  I was not asked in that poll but I am sure you can guess what my vote would be.

Inefficient systems are going to be eliminated.  We are an evolutionary species and anything that inhibits progress is going to get stamped out.  The present system is wonderful for the select few who took great pains to erect it in such a manner as to provide them almost full control and a great deal of the benefits.

No more.

We are at the beginning phases of the new economic paradigm that we are creating.  The masses are completely unaware of what is taking place.  Anything that entails ownership is going to end up on blockchain which will be the core of the new economic model.  Recent events are revealing how little we can trust the "entities of trust".  They will not act in our best interest.

There are going to be very few, if any, industries that are not affected by this.  Our present global economic system is on its last legs.  The world of crypto-economics is being erected along side of it which will give people an alternative.  Nobody is setting out to destroy what is presently used but, rather, simply building upon a different foundation.

One of the stages of technological advancement is deception.   Essentially, this is when technology is screaming ahead destroying all that is in its path yet few can see it.  The move to online shopping and the carnage Amazon created is a prime example.  Amazon was getting stronger, swallowing up more market share and the likes of Sears, Wal-Mart, and Toy-R-Us were proceeding along like nothing was happening.  Then one day, everyone woke up to the "what the hell just happened" mindset.

I believe we are doing the same thing here.  A new economic system is being created that handles the question of ownership.  Thus, all those entities that deal in that have a bull's eye on their chests.  Of course, the majority are woefully unaware and will remain that way until it is too late.  

The great blockchain shift is underway and it will provide millions with that "what the hell just happened" moment.

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