The Truth Machine: The Blockchain and the Future of Everything

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| book description |

From the authors of the fascinating The Age of Cryptocurrency, comes the definitive work on the Internetâ€™s next big thing: the blockchain. Many of the â€˜legacy systemsâ€™ once designed to make our lives easier and our economy more efficient are no longer up to the task; big banks have grown more entrenched, privacy exists only until the next hack, and credit card fraud has become a fact of life. However, there is a way past all thisâ€•a new kind of operating system with the potential to revolutionise our economy: the blockchain. In The Truth Machine, Michael J. Casey and Paul Vigna demystify the blockchain and explain why it 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 societyâ€™s faith in itself. They reveal the empowerment possible when self-interested middlemen give way to the transparency of the blockchain, while highlighting the job losses, assertion of special interests, and threat to social cohesion that will accompany this shift. With a balanced perspective, Casey and Vigna show why we all must care about the path that blockchain technology takesâ€•moving humanity forward, not backward.