From Institutional Trust to Algorithmic Trust
Comparison of the traditional model and the blockchain-based model:
Trust the bank
Verify on the network
Trust the notary
Verify the digital signature
Trust the authority
Verify the hash
Trust the custodian
Control your private key
This change represents a redefinition of the social contract, where validation ceases to be vertical and becomes distributed.
Deep Institutional Implications
For professionals in law, engineering, politics, or economics, this poses new scenarios of responsibility, legitimacy, and auditing. Society can evolve toward:
· Personal data sovereignty.
· Institutions verifiable through code.
· Structural transparency.
· New forms of automated trust.
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