Too Long; Didn't Read
The rise of the cryptocurrency phenomenon over the past decade has been transformative in more ways than one. The underlying technologies behind digital coins have had (and will continue to have) major consequences in a wide array of industries. The blockchain is perhaps the strongest example of this pattern ever yet to emerge. The core advantage offered by blockchain-based ledgers is the ability to eliminate most reconciliation services as well as facilitate trusted and direct transactions between parties, cutting out many common middle-man expenses. Local governments have already begun demonstrating the potential of transferring land deeds and registration to the blockchain.