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After a major trust failure, a common response is to implement strict new controls.
When it was revealed last week that US Olympic swimmer Ryan Lochte had lied about being robbed at gunpoint, several brands were faced with a major trust issue, ending in the retraction of lucrative sponsorship deals including Speedo and Ralph Lauren, reported to have been worth an estimated total of $1m£758,00000).
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"Just like you have a verified account at Facebook or Twitter for personalities I think at some point you will have, on LinkedIn, the possibility to connect your crypto identities so you can have this small check next to your degrees — that you have verified degrees publicly," he suggests, giving an example of how blockchain could create a major trust-based shift within existing digital ecosystems.
This latest scandal, involving the rigging of a major trusted banking interest rate, might finally test the theories that he has long written into law that assume banks are best when regulated by themselves -- a now obviously dumb idea.
This could be a major hospital trust doing everything in its area, employing GPs and community health staff as well as acute care.
The former child star, who strangely admits at one point in the interview to seeing herself as Blanche DuBois from "A Streetcar Named Desire" ("I'm Blanche to a T, complete psycho"), also seems to have some major trust issues.
"Major trust issues" left her unable to return to college or take a job.
Also, there are major trust issues in the relationship.
At the heart of most major trust violations are basic values conflicts that go unmanaged.
Sources also claim it was the 20-year-old actress who decided it was time to end the relationship, in part because of their "crazy schedules" and because she had major "trust issues" with Bieber.
The major trust themes related to role perceptions, demonstrated competence, and the importance of good communication for the development of trust over time.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com