2. Protocol and Permissionless trust: Transactions are confirmed and recorded automatically through a consensus protocol agreed upon by all parties involved, eliminating the need for a centralized authority to verify authenticity. This is known as a permissionless trust mechanism.

3. Smart contracts: Transactions can be completed automatically through the decentralized network, reducing transaction costs and creating economic benefits. These automatic transactions are known as smart contracts, and they can be programmed to follow certain rules and behaviors, unlocking vast potential for innovation.

While point 1 represents the technical features of blockchain, points 2 and 3 represent the economic benefits of the technology that provide the foundation for value creation. Blockchain is often referred to as a revolution in the way we organize production, as it reduces transaction costs and enhances the ability to divide labor, which improves productivity. This also means that blockchain is set to revolutionize production processes in the future, ultimately leading to enhanced productivity.