Once you “get” this you will “get” something essential about blockchain.

(Digital) Money, Incentive and Resource Allocation are key to the value propositions of blockchain. Once you “get” this you will “get” something essential about blockchain.

1. Blockchain allows for creation of digital Money, -Securities and a new asset class: Tokens. Thus creating a new kind of financial system.
2. Blockchain allows for automation of Resource Allocation & Processes -from the very basic level and upwards. All economic activity is about resource allocation & processes.
3. Blockchain digitizes Incentivization & Rewards — which is an essential driver for virtually everything we do. Our minds and systems are wired for this.

Together 1,2 & 3 constitutes a monetary, financial, economic ecosystem. Its classical incentive/reward structures are known from economic theory — only this time its decentralized, and that is a big deal.

So…the next protocol layer of the internet is a new financial, monetary, economic ecosystem — how about that? How many saw that comming?

Blockchain is a natural evolutionary progression, because digitization now reaches the more atomized level of things; Money, Process and Incentive. Software gobbled up physical hardware (camera, walkman, telephone, wallet, credit card and cash)….now it’s the intangibles thats next.