The year of 2008 was faced with a catastrophic financial crisis (known in Japan as Lehman Shock) which resulted in massive loss of trust in the conventional financial model. However, it was also the year in which a new model of trust appeared in the world in a form of bitcoin and blockchain. Consequently, innovators and visionaries all over the world started to get excited with a radically new way to organize and collaborate themselves and exchange values with each other. It created a storm of enthusiasm about the idea that transacting with each other did not require any middleman who acts as a guarantor so long as we agree to operate with a shared-distributed ledger which records everyone transacting with everyone. It was almost a dream come true.
However, it is also true that the blockchain technology has been faced with numerous challenges causing the adaption of technology to slow down. What the story leaves out is that there is a looming possibility that the blockchain technology cannot deliver on its promises of a decentralised world.
Concurrently, a radically new composite technology named Holochain has appeared which possesses a great potential to make the decentralized world we dream of come into reality. Examining Holochain makes one understand that it truly has the capability and potential to solve many of the bottlenecks that the blockchain community and the DLT itself face.