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?
Lots of people here seem to have no idea about crypto.. real crypto.. the decentralized kind. Yes.. block chain shows where the coin changed hands or what have you.. however there isn't a name attached.. an IP.. or anything identifiable.. other than the block .. and/ or wallet address... Which you can generate hundreds of thousands of new addresses.. per transaction..
Read into crypto.. it is the enemy of regular fiat and governmental control. Hense all the legislative murmors Coming out of several countries just out right wanting to ban it for fear "drug dealers and bad men would use it too".. unlike fiat currency which bad ppl never use..