How blockchains, Web3 and programmable digital assets can build a resilient financial market

In a world where things are becoming more and more unpredictable, resilience is no longer enough. In order for confidence to be maintained in financial markets, they have to be designed to function in good as well as stressful times. Unfortunately, financial markets’ stability has been questioned when faced with black swan occurrences (e.g. the stock market crashes in 1929, 1987, 2008 and COVID-19) which are unexpected, high-impact disasters that throw markets, institutions and whole economies off balance. These shocks reveal how unstable our current financial systems are at their heart. So, what if financial systems could not only handle stress, but also become stronger as a result of it? And what if we could go beyond being resilient to being ‘antifragile’? Nassim Nicholas Taleb made the term antifragile popular to describe systems that become stronger when they are stressed/shocked or from other factors that make them weak; this includes blockchain technology, Web3 paradigms and pr…