I agree with innovation and I believe this will reduce the control from banks. Currently, most businesses and ventures have no choice but to go to a bank to get funding for their ideas. In some cases, crowd-funding is a possible alternative but it also complicates things slightly. If we were to use the block chain, then not only would investments be more transparent, it would also be easier on both the lenders and the receiver. They could propose an idea and if people like it, they can choose to fund that tokenized idea on the blockchain. Of course there needs to be some guidelines or best practices otherwise people could just create scams.
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People need to be smart about what they are jumping into. They need to seek out solid projects.
I believe that is why establishing a reputation (not the rep number next to our username) as one who is genuine and upstanding.
People who do this will be able to keep building projects and see the number of people who join them growing. This is where those who are upstanding will stand out while being able to leverage it greatly.
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