The documentary, “Trust Machine: The Story of Blockchain”, premiered on October 26th in New York. Ethereum co-founder Joseph Lubin is one of the executive producers. He is also the founder of the software technology company ConsenSys
Written and directed by Alex Winter, the 84-minute documentray covers topics ranging from the history of bitcoin to the promises of using distributed accounting technology.
Regarding the story of bitcoin, the film credits the global financial crisis of 2008 as the reason that led the mysterious Satoshi Nakamoto to develop an open and decentralized book for transactions.
The documentary criticizes that BTC initially became famous for its use in illicit transactions on the internet. This gave the cryptocurrency a bad reputation, which it is still trying to get rid of.
Blockchain for beginners
Critics suggest that the document serves as a useful introduction to someone unfamiliar with blockchain technology. New York Times film critic Ben Kenigsberg wrote:
“Trust Machine: The Story of Blockchain,” directed by Alex Winter (Bill of “Bill & Ted” fame), is not always a model of clarity, but it does a decent job of explaining the basic concept.
Some of the contributions that blockchain technology can bring to the documentary-focused world include combating identity theft and transforming energy distribution, empowering micro energy producers, among them families that are able to generate solar energy and sell the excess to network.
Get rich fast
However, besides all the revolutionary potential of blockchain technology, Winter’s film admits that most people see cryptocurrencies and blockchain technology as a way to get rich.
“Still, for most people in the world right now, the most exciting thing about blockchain is the prospect of making a fortune overnight.”
notes The Hollywood Reporter.
“In its closing scenes, the film’s narration acknowledges how attractive this field is to scammers and speculators, concluding that crypto will likely require some sort of regulation to survive.”
This is not the first documentary that Alex Winter directed focusing on cryptocurrencies and blockchain technology. Three years ago, he made a 90-minute movie, Deep Web, which documented the arrest of Silk Road webmaster Ross Ulbricht. The production was narrated by Keanu Reeves.