There are two sides to the argument of Blockchain, the foundational technology in which Cryptoassets gravitise and thrive on.

The incumbents of the existing economy arm themselves with the argument that Cryptoassets are unregulated and not backed by any assets. The Blockchain crusaders, on the other hand, proclaim that the value of Cryptoassets is derived from their scarcity. Both sides are polarised. So who is right? They have failed to grasp the essence of the Blockchain evolution.

Regulation by itself has no effect on the regulated. The New York Stock Exchange was founded in 1792 when 24 stockbrokers signed the Buttonwood Agreement. In the 142 years before the Securities and Exchange Commission was established on 1934, there had been no authoritative gatekeepers. Yet companies and society flourished.

The value of Cryptoassets should not be based on their scarcity. Instead, it is to be pegged to an undeniable economic principle - reduction of transactional friction and as a catalyst to economic transactions. A ground breaking interpretation methodically revealed in Rise of the Small.

The Blockchain disruption provides a stage for underdogs to rise like never before. We can now stand on the intersection between finance, law and technology to ride the wave to immerse opportunities.

• Recognise Cryptoassests as an economic catalyst.
• Cut through the noise to find the real gems in Cryptoassets.
• Embrace the Blockchain evolution through practical apporoach.
• Revolutionise society and transform the world using Cryptoassets.

I would like to wholeheartedly congratulate Raymond for writing this excellent piece of work on Blockchain and having it published with such excellent timing.

Blockchain is at its early take-off stage of evolution; it is still misunderstood by some, while others are probably confused about it from an economic perspective.

This book should therefore help you gain a better understanding of the power and benefits of Blockchain - specifically through an economic lens.It also explains how the adoption of Blockchain is expected to generate unlimited new business and economic use cases that can further enable innovations, drive new processes and raise productivity.

Blockchain can and will drastically alter work design by automating routine and repetitve tasks that new workforce will most likely not enjoy doing. Further, it will increase job satisfaction because the new real work requires domain knowledge and skill (mastering), creativity (new ideas) and problem solving ability (judgement); all activities that the new workforce will appreciate.

In short, Blockchain is the enabling engine to revolutionise the future of work, especially for the new workforce.