How will Blockchain transform the Cost of Trust paradigm?

Friends, a major goal of Blockchain technology is to save time and money for businesses and their customers -- the product of which will be increased trust and transparency in many currently opaque industries. As transactions are executed and settled on a distributed ledger (DLT), counterparties do not need to have an established trust relationship. Deloitte Technology Consulting believes a new "trust economy" is now developing around person-to-person Blockchain-enabled transactions that are not dependent on more traditional methods such as credit ratings or guaranteed cashier's checks. An immutable and distributed ledger can be more secure than even a centrally managed relational database because there is no single server or node to attack. Let us know your predictions. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)