I've only been able to grasp yet a tip of the iceberg, thanks to Dana's translations. Still can't say I understand even a fraction of the potentials, though am continually strongly fascinated and stimulated with the possibilities of what could come should this project unfold according to how he's expressed some of the possibilities...
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You have heard of the concept of virtuous cycle and feedback loop? When you have AI in the center in the form of (intelligent machines) allowing human machine human communication, then you scale the virtuous cycle by way of this feedback loop between human and machine intelligence.
For example what is the design of Tau? It's whatever we decide to be. We could for example copy the best lessons from EOS in real time or take the insights from Golem for the computation market, and this is because the Internet of languages combined with the virtuous cycle and self amendment make Tau truly the most adaptable technology possible.
In nature the species which tends to survive best is that which can adapt the fastest. In fighting, Bruce Lee even said to be like water. Tau is the most water like design, as it can take on any necessary form to survive.
I will post more about this concept of "liquid design" in the future as I seem to be the first person to articulate it on Steemit. I will also discuss the concept of "feedback loop" and "virtuous cycle" which are critical to understanding the value of intelligence amplification which is possible theoretically at least from Tauchain.
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It seems like I learn something new everyday about it. The only area I know a decent amount for real use is blockchain potential use in the insurance industry because that is where I work. I was reading an article on Forbes and the Insurance Journal the other week about how startup Insuritech companies are beginning to try to use blockchain to handle Auto claims. They were working on somehow incorporating it into property & casualty insurance as well.
The only issue is with how regulated that industry can be but that is a HUGE thing that I see coming from blockchain in 2018 and the coming years.