Distributed ledger technology promises to have far-reaching economic and social implications. By leveraging a global peer network to assure directly and transparently the integrity of value exchanged between parties, blockchain appears likely to transform a number of important industries that supply or rely upon third-party assurance.
It could prove to be a broader force for transparency and integrity in society, including in the fight against bribery and corruption. It could also lead to extensive changes in supply chains and governmental functions, such as central banking.
Source:
World Economic Forum