Blockchain: The virtual trust backbone for digital commerce

Given the past several decades with the internet, cloud computing and ubiquitous access to data, we are getting closer to frictionless flows of communication and commerce — and getting there faster every day that blockchain permeates financial services and supply chains. But as value flows less from bricks and atoms and more from clicks and bits of digital information, our governance policies and record-keeping systems have not kept pace. Quite simply, humans have been slow to adjust to Moore’s Law, but we are nearly well-conditioned enough to operate faster, and blockchain is the treadmill that will whip into shape the human contribution to supply chain verification and management.