What new opportunities does the blockchain enable?

- As the origin story of blockchain describes,…this distributed ledger supports immutable transactions,…currency movements in the case of Bitcoin,…that are secure, frictionless, undisputed,…without central authority,…and only modifiable by agreement from all participants.…By extension, a whole range of financial transactions…can take place over a blockchain.…Following the same concepts as Bitcoin,…stock trades, bonds, and other financial assets…can be managed this way.…

Financial institutions are taking note,…and it's a business sector that is exploring…and experimenting with the blockchain.…However, with our knowledge of the advantages…of the blockchain as a backdrop,…what other situations beyond financial transactions…might this type of model be useful to support?…This is where it gets really interesting.…Let's take a simple example…of the challenges of proving ownership…of a digital product.…While digital products such as photos and music…have made it really easy to acquire, store,…and move across devices,…the same advantage makes it really easy to copy them,…