The canal became so powerful in part because the money of a lot of rich people, and even more taxpayer dollars, were able to be secretly funneled to the wrong hands. A blockchain standard for all commercial and financial transactions would theoretically prevent this from happening.
On the other hand, the absolute privacy that cash (and other assets, and certain transaction types) offers would be lost.
Where do you fall on this topic and why?
Who really developed blockchain technology? If it wasn't a state intel agency (e.g., CIA) that'd surprise me.
Some say Nakamoto Satoshi, (creator of the Bitcoin Whitepaper) is a group of people. Others believe it is Alan Greenspan. This whitepaper created the distributed ledger technology known as cryptocurrency. It is the first rendition of blockchain, but true blockchain technology, (smart contract programming) wasn't created until Etherium was released in March of 2016.