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Blockchain Industry Review
O l d Made New - Direc t Exc ha nges (The Great Awakening) The move from “medium of exchange” to direct exchange. By David Parsons and Antony Abell Founders of the TrustMe™ / TPX™ Property Exchanges With the advent of blockchain technology, trusted digital assets and self executing smart contracts, trust in the execution of business transactions is approaching the level of historic confidence of one to one exchange with known parties. This level of trust in dealing with commercial transactions existed since the dawn of trading between peoples. In the past or even in more recent times, obtaining
goods or services in a society between known or unknown parties, goods were exchanged for other goods or services that the two respective exchanging parties needed. This system of direct or barter exchange (trade of value) in which the participants in a transaction simply directly exchange their goods or services for other goods or services was done without using a medium of exchange, such as gold, silver or paper currency.
