How Decentralised Technology can Help Restore Trust in our Economy?

Sometimes a movie comes out that makes an impression. One of these for me was The Big Short, released in 2015 and directed by Adam McKay. This movie brilliantly (and accurately) exposed the context behind the global financial crisis that hit us in 2008 and continues impacting our societies on economic but also political and social levels. Here is my takeaway from this masterpiece:

• This financial crisis wasn’t exactly accidental; bankers and financial analysts turned a blind eye on the foreseeable disastrous consequences following the creation of complex and risky mortgage-based instruments: the infamous CDOs. More than that, credit rating agencies, such as Standard & Poor’s, displayed dishonest behaviour, enabling the banks in their fraudulent activities.
• The division of authority was a pretty facade hiding those who shamelessly abused our trust and counted on low- and middle-class citizens to absorb the cost of their gamble. Austerity policies arose; meanwhile, wealth disparity continued increasing.
• Another critical yet perhaps more subtle message carried out in this movie was around the societal consequences induced by the financial crisis: banks and politicians did not take the blame and instead pined it on immigrants. This proved to be right: our political system got more…