The term "trust machine" refers to blockchain technology's ability to establish trust and facilitate secure, transparent, and reliable transactions between individuals or entities without the need for a central authority or intermediary. This is achieved through:

1. _Decentralized consensus_: Blockchain technology uses a decentralized network of nodes to validate and agree on the state of the ledger, ensuring trust and integrity.

2. _Immutable ledger_: The blockchain ledger is immutable, meaning once transactions are recorded, they cannot be altered or deleted, providing a permanent and tamper-proof record.

3. _Transparent transactions_: All transactions on the blockchain are time-stamped and publicly visible, ensuring transparency and accountability.

4. _Cryptographic security_: Blockchain technology uses advanced cryptography to secure transactions and protect users' identities and data.

5. _Smart contracts_: Self-executing contracts with the terms of the agreement written directly into lines of code, ensuring automated and enforceable agreements.

By providing a trustless, decentralized, and transparent framework, blockchain technology enables individuals and entities to interact and conduct transactions without the need for a central authority or intermediary, making it a "trust machine".