Factom Harmony ($FCT): Establishing Trust and Decentralizing History with Blockchain Technology

March 16, 2018 17:01:33

The key element of every well-ordered society is trust.  This attribute under-girds economic transactions, engineering accomplishments, and all political affiliations.  When societies degrade, it is a lack of trust that is usually the problem.  But trust is more than just how to live in the present.  Every action has a direction.  It was inspired from something in the past and heads on into the future.  Trust and history go hand in hand.  In order to function effectively in society, one must have access to a trustworthy history as well.  Blockchain technology is changing not only how we trust each other in the present, but also gives us a valuable tool to validate and trust history.

History, centralizing the winners

It has often been said that the winners write the history books.  This statement is usually uttered with a wry sarcasm.  The implication is that the winners, the ones with the centralized power, are skewing history…


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