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Big banks have grown bigger and more entrenched. Privacy exists only until the next hack. Credit card fraud is a fact of life. Many of the “legacy systems” once designed to make our lives easier and our economy more efficient are no longer up to the task. Yet there is a way past all this―a new kind of operating system with the potential to revolutionize vast swaths of our economy: the blockchain.
The Truth Machine, the second book Michael co-authored with Paul Vigna, demystifies blockchain technology and explains how this new, decentralized approach to information-sharing marks a millennia-in-the-making shift in society’s management of trust. Along the way, it explains how we can restore personal control over our data, assets, and identities; grant billions of excluded people access to the global economy; and shift the balance of power to revive society’s faith in itself. The authors reveal the disruption it promises for industries, including finance, tech, legal, and shipping, and delve into the challenges that governments and communities face in redefining their systems of regulation to accommodate a fundamentally different system of economic governance.
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