This technology addresses all the issues to validate a transaction, so that processing one doesn't request a third-party any more: the network replaces institutions.
The new president, Joseph Kasa Vubu (Maka Kotto), is an alleviator; he gently thanks Belgium, taking his lead from paternalistic comments like, "Beware of hasty reforms, and do not replace Belgian institutions unless you are sure you can do better".
Much like many other fields – from broadcasting and newspapers to games and shopping – technology promises not so much to replace older institutions as to break up the packages they once offered, providing particular parts of them at a scale and cost unmatchable by the old order.
The idea that the Huffington Post, or the explosion of interesting internet news or blogging sites, can replace journalistic institutions like the New York times or other newspapers or dinosaurs of the mainstream media truly misunderstands the web, newspapers, journalism and the serious threat posed to democracy if the news gathering institutions fail.
For many, neither The Advocate's New Orleans bureau nor any expanded Web presence can replace the institution that was the daily Times-Picayune.
They seem to flirt with the idea of replacing democratic institutions.
But they are also worried about the aesthetic and cultural price of replacing local institutions to which they are deeply attached, neighborhood landmarks if not official ones, and having them swallowed up into stacks of concrete, steel and glass.
Signoria, (Italian: "lordship"), in the medieval and Renaissance Italian city-states, a government run by a signore (lord, or despot) that replaced republican institutions either by force or by agreement.
Fisheries management consists of replacing these institutions with more appropriate ones.
