In 2008, a man with the alias of Satoshi Nakamoto submitted the white paper for a code that could potentially change the world.

There have been many innovations in the past decade, moving at a faster pace than at any time in history; innovations that improve the way we do life, work and business.

However, this innovation that Satoshi created was unlike any other.
This wouldn’t just change or improve one aspect but would permeate through everything that we do.

Satoshi would create the code that would potentially overthrow MONEY itself.

Yes, the money in our hands, in our wallets, could potentially be replaced by code. Code running on a computer, wallets stored on hard drives, and payment systems did entirely cashless. Above all, it would have no governing authority. No one would decide its supply, nor irresponsibly print it.

It would be governed by its users and by mathematics. It would be a trustless system.
It was the first true digital money: Bitcoin.

THE TREMENDOUS IMPLICATIONS OF BITCOIN AND BLOCKCHAIN

The implications are huge.

It’s one thing to replace an old company with a new innovation, but it’s entirely another to potentially replace money itself. After all, money is the middle of any capitalistic society and represents our desire to exchange value with one another freely.

The creation of currency, however, today lies in the realm of governments.
If a government no longer has the power to control its money, it means that they cannot print it whenever they need it. It means they have to use money responsibly like everyone else. It means governments may lose their sovereignty over their people.

Now this, of course, will not sit well with most national leaders. The idea of losing control over one’s country is certainly not a prospect that they’ll entertain.

For private companies, however, one of the most interesting things an innovation like Bitcoin wasn’t the money itself, but the technology behind it known as blockchain.

In Bitcoin, blockchain had the potential to disrupt money. But many others found innovative uses for it including security, banking, shipping and logistics, production and more.

With blockchain, it looks like many antiquated methods of doing business are heading out the door.
Of course, as if any new innovation, it would take time for the paradigm of people to be shifted. There would always be the early adopters, the early majority, the late majority and finally the laggards.