Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World
- Binding: Hardcover
- Author: Don Tapscott;Alex Tapscott
- Publish Date: 2016-05-10
The technology likely to have the greatest impact on the future of the world economy has arrived, and itâs not self-driving cars, solar energy, or artificial intelligence.
Itâs called the blockchain.
The first generation of the digital revolution brought us the Internet of information. The second generaÂtionâpowered by blockchain technologyâis bringing us the Internet of value: a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.
Blockchain is the ingeniously simple, revolutionÂary protocol that allows transactions to be simulÂtaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though itâs the technology that drives bitcoin and other digital curÂrencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind, from birth and death certifiÂcates to insurance claims and even votes.
Why should you care? Maybe youâre a music lover who wants artists to make a living off their art. Or a consumer who wants to know where that hamburger meat really came from. Perhaps youâre an immigrant whoâs sick of paying big fees to send money home to loved ones. Or an entrepreneur looking for a new platform to build a business.
And those examples are barely the tip of the iceÂberg. This technology is public, encrypted, and readily available for anyone to use. Itâs already seeing wideÂspread adoption in a number of areas. For example, forty-two (and counting) of the worldâs biggest finanÂcial institutions, including Goldman Sachs, JPMorgan Chase, and Credit Suisse, have formed a consortium to investigate the blockchain for speedier and more secure transactions.
As with major paradigm shifts that preceded it, the blockchain will create winners and losers. And while opportunities abound, the risks of disruption and dislocation must not be ignored.
Don Tapscott, the bestselling author of Wikinomics, and his son, blockchain expert Alex Tapscott, bring us a brilliantly researched, highly readable, and utterly foundational book about the future of the modern economy. Blockchain Revolution is the business leadersâ playbook for the next decade and beyond.