“Give a corrupt man a gun and he can rob a bank…but give a corrupt man a bank and he can rob the world.” -Blockchain Boy

The 2007 and 1970’s financial crisis could have been avoided with Blockchain. Data mining of transactions would of revealed loans were not being paid back. Bank executives would not have been able to hide or delete transactions. Data mining would of revealed lies on income reporting. Changes in title ownership would have being easier to research. The tracking of transactions would have made it easier to find the unethical behavior at rating agencies, the unethical behavior by mortgage brokers, the unethical behavior at real estate companies, the crimminal behavior at mortgage companies, the unethical behavior of government employees and the unethical behavior at banks. I am quite pleased to see the Fintech community embrace Blockchain. There are a lot of good people working in financial services and government they just need better tools. Maybe it will be the financial firms that help the government replace FIAT with a fully tracked currency that absolutely no one can manipulate, corrupt or use to hide crime by deleting transactions. I am not saying Blockchain is the magic solution to all of our socio-economic problems, but it is start. Blockchain should only be applied in cases where you need immutable transactions, a distributed network (for security etc.) and a ledger. If you need to frequently modify the data stored on the blockchain it is not a good solution. Blockchain is not a silver bullet but it is a tool that can help disrupt a system controlled by one corrupt silo entity and replace it with a system that solves the trust problem via a large number of voting nodes and a consensus algorithm. However, if blockchain is to be truly revolutionary we need find a way for lower income people to particpate.