Don Tapscott 2: How the blockchain is changing money and business

TEDSummit 2016
Don Tapscott: How the blockchain is changing money and business (script)
Summary
Bitcoin is a digital currency that means a cryptocurrency.
A blockchain works as distributed ledger globally. It is available to everyone without powerful intermediaries and it can record transactions safely and permanently. Its block creates a chain to avoid hacking.
However, it's not utilized well. The internet brought us wealth but it's not shared prosperity. Social inequality is growing.
The speaker tells us five new approaches to solve this problem. The approach is to redistribute wealth which doesn't mean to spread tax people around but to change the way.  The ways are that wealth gets created in the first place by democratizing wealth creation, wealth is pre-distributed, people can engage more in the economy, and they can surely get fair compensation.
1) Land titles are rightly put on a blockchain. It becomes immutable and can't be hacked.
2) Not only sharing but aggregating services more and directly bring people who want it.
3) Reducing remittances cost and time. It births a big opportunity.
4) Creating only the data which can protect your privacy.
5)  Receiving fair compensation for all creators of various content and protecting the rights of them.
Nowadays, the world looks like wealth people create is engaged in the technology.  The blockchain has the power to change money and business must be used to give wealth to all of us
Words in this story
transfer /  move, shift, remove, displace
utilized / make practical and effective use of.
engaged /  busy, occupied,