Foresight Gists are human curated documents that help readers quickly and conveniently appraise the future of different topics each month.
GET THE GIST ON BLOCKCHAINS, BITCOINS & SMART CONTRACTS
Our latest Gist report briefly looks at the future of Bitcoin and its related technologies—blockchain, smart contracts, distributed autonomous organizations (DAO). Proponents say Bitcoin will decentralize power away from banks and other institutions while distributing it across whole communities. If these promises hold true, Bitcoin will only be the beginning. Bitcoin’s related technologies, the blockchain (also known as a distributed ledger) and smart contracts, are primed to move beyond money to other real world applications. Eventually, these technologies could move automation straight up the corporate ladder to the executive level, making even CEOs redundant, with similar far future implications for public organizations.
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