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Real World Assets
Many people argue that blockchain is “a solution in search of a problem,” but I disagree. There are plenty of problems that require transparency at a structural level that only blockchains can provide. The issue is that the institutions that need this transparency the most will resist it for as long as possible.
The 2008 Great Recession demonstrated the systemic risk created by opaque financial data. The crisis could have been prevented if housing market data had been clearer, standardized, and visible in real time. Michael Burry saw the problem early because his business model focused on extracting truth from fragmented data. His firm had to fight for access and piece together thousands of spreadsheets just to understand what was actually happening.
This is why I believe the next major use case for blockchain is traditional finance. Putting real-world assets like stocks and bonds on-chain creates a shared, auditable source of truth. Ownership and transaction history become transparent by default and don't require a team of people to comb through it. With companies like tZERO, Uphold, and Kraken building this infrastructure, markets move closer to the kind of transparency that could help prevent the next Great Recession.
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Real World Assets
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