Chainfeeds Preface:
"Ethereum is the trusted software driving the digital world's economy." The Chinese version was compiled and published by ChainCatcher.
Article Source:
https://www.chaincatcher.com/article/2191887
Article Author:
ConsenSys
Perspective:
ConsenSys: Every financial transaction contains an element of trust. Ethereum's digital trust enables the digitization of massive assets, capital, and financial transactions, thereby greatly improving the efficiency of the global financial system, benefiting everyone from institutions to enterprises to consumers. On July 30th, Ethereum celebrated its tenth anniversary. On this occasion, ConsenSys released the "Industrialization of Trust" report, which provides a detailed overview of Ethereum's investment case and the emerging technology category of "Trustware". "Trustware" is an infrastructure that industrializes trust production, allowing trust to be encoded in the form of digital commodities. ConsenSys' research and analysis show that Ethereum has become the dominant blockchain platform, supporting over 50% of non-Bitcoin digital assets, including 60% of stablecoins, 60% of decentralized finance capital, and 80% of tokenized "real-world assets" such as stocks, money market funds, and bonds. Trustware is an infrastructure that can upgrade the simulated concepts of trust, such as notes and ledgers verified by human agents and auditors and guaranteed by human insurance companies and regulators, to equivalent digital trust concepts that can be algorithmically generated. For centuries, human civilization has relied on various forms of trust infrastructure, from tribal kinship to large institutions like governments, insurance companies, audit firms, and legal systems. While these systems have facilitated cooperation and economic growth, they come at a very high cost. It is estimated that humans spend over $9 trillion annually on trust-related expenses, including insurance ($8.0 trillion), legal systems (over $1.0 trillion), and auditing ($290 billion). This massive expenditure highlights a fundamental problem: current trust models cannot effectively scale in the digital age. They are analog - slower, more expensive, and more fragmented than the always-online, highly automated, and rapidly evolving digital economy they depend on. Trustware provides the essential qualities of trust to ordinary data through a fully algorithmic process: validity and finality. Validity ensures data consistency and correctness with mathematical certainty. Finality guarantees data permanence, which cannot be changed unless at a great cost. Ethereum allows these attributes to be added to data in a scalable manner, without continuous human intervention, thereby achieving trust at near-zero marginal cost. In this way, through its powerful public network and breakthrough cryptoeconomic algorithms that generate digital trust, Ethereum can significantly improve financial transaction validation in terms of speed, cost, security, and scale simultaneously.
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