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Opinion: 4 blockchain companies that could change everything from accounting to money transfers
May12

Opinion: 4 blockchain companies that could change everything from accounting to money transfers

Don Tapscott and his son Alex Tapscott have published an article on MarketWatch. The article begins: The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better. Blockchain is a vast, global distributed ledger or database running on millions of devices and open to anyone, where not just information but anything of value — money, but also titles, deeds, identities, even votes — can be moved, stored and managed securely and privately. Trust is established through mass collaboration and clever code rather than by powerful intermediaries like governments and banks. Read the article on...

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Commentary: Five myths about the Blockchain revolution
May12

Commentary: Five myths about the Blockchain revolution

Don and Alex Tapscott have published an article on Reuters about a few blockchain myths. They write: Blockchain technology is the most important invention in computing in a generation because, for the first time in human history, we have at our disposal a truly native digital medium for peer-to-peer value exchange. Blockchain, a vast global platform based on a distributed ledger, establishes the rules — in the form of computations and heavy duty encryption — that enable two or more parties to transact or do business without needing a third party to establish trust. Rather than relying on a bank, government or other intermediary to create trust, the blockchain ensures it through mass collaboration and clever code. Trust is built into the system, which is why we call blockchain the Trust Protocol. Read the article on Reuters Photo: Reuters/Benoit...

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The Impact of the Blockchain Goes Beyond Financial Services
May11

The Impact of the Blockchain Goes Beyond Financial Services

The technology most likely to change the next decade of business is not the social web, big data, the cloud, robotics, or even artificial intelligence. It’s the blockchain, the technology behind digital currencies like Bitcoin. Blockchain technology is complex, but the idea is simple. At its most basic, blockchain is a vast, global distributed ledger or database running on millions of devices and open to anyone, where not just information but anything of value – money, titles, deeds, music, art, scientific discoveries, intellectual property, and even votes – can be moved and stored securely and privately. On the blockchain, trust is established, not by powerful intermediaries like banks, governments and technology companies, but through mass collaboration and clever code. Blockchains ensure integrity and trust between strangers. They make it difficult to cheat. Read the full article by Don and Alex Tapscott on...

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Here’s Why Blockchains Will Change the World – Book Excerpt
May09

Here’s Why Blockchains Will Change the World – Book Excerpt

A book excerpt from Blockchain Revolution, co-authored by Don Tapscott and Alex Tapscott, has been published on Fortune: The Bitcoin technology creates the World Wide Ledger of value. As early as 1981, inventors were attempting to solve the Internet’s problems of privacy, security, and inclusion with cryptography. No matter how they reengineered the process, there were always leaks because third parties were involved. Paying with credit cards over the Internet was insecure because users had to divulge too much personal data, and the transaction fees were too high for small payments. In 1998, Nick Szabo wrote a short paper entitled “The God Protocol.” Szabo mused about the creation of a be-all end-all technology protocol, one that designated God the trusted third party in the middle of all transactions. His point was powerful: Doing business on the Internet requires a leap of faith. A decade later in 2008, the global financial industry crashed. Perhaps propitiously, the pseudonymous Satoshi Nakamoto–who may or may not be an Australian entrepreneur named Craig Wright–outlined a new protocol for a peer-to-peer electronic cash system using a cryptocurrency, or digital currency, called Bitcoin. Cryptocurrencies are different from traditional fiat currencies because they are not created or controlled by countries. This protocol established a set of rules—in the form of distributed computations—that ensured the integrity of the data exchanged among these billions of devices without going through a trusted third party. This seemingly subtle act set off a spark that has excited, terrified, or otherwise captured the imagination of the computing world and has spread like wildfire everywhere. Read the full excerpt on Fortune Image: Thomas Trutschel/Photothek via Getty...

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Special Innovation Issue of the Toronto Star
May07

Special Innovation Issue of the Toronto Star

Today’s issue of the Toronto Star has been guest edited by innovation expert Don Tapscott. He writes: Canada is at a turning point. Plummeting oil prices, lacklustre economic performance, a petrodollar, pernicious climate change and structural youth unemployment illustrate the need for a shift from a resource economy appropriate for the industrial age to an innovation economy appropriate for the digital age. Toronto, specifically, can lead the way and become a global centre for innovation, entrepreneurship, breakthrough science, rich culture, open government and prosperity as a whole. In this special innovation edition of the Star, I’ve helped curate stories outlining mind-boggling developments, and even written a few, in the hope that you will become motivated to join in, if you haven’t already. Download and read the front page of the Toronto Star: Innovation Edition and be sure to pick up a copy of the paper for the entire issue, which includes multiple articles on blockchain revolution and a full page spread on page 2 written by Alex Tapscott. You can also read the front page article...

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How the Tech Behind Bitcoin Will Change Your Life
May06

How the Tech Behind Bitcoin Will Change Your Life

Don joins his son Alex on a new article published for TIME Ideas. The Tapscotts write: It appears that once again, the technological genie has been unleashed from its bottle. Summoned by an unknown person or persons at an uncertain time in history, the genie is now at our service for another kick at the can—to transform the economic power grid and the old order of human affairs for the better. We’re not talking about the social web, artificial intelligence, big data, robotics or even self-driving cars. We’re talking about the blockchain, the technology behind digital currencies like Bitcoin. Block. Chain. OK, not the most sonorous word ever– it sounds like a combination of blocking and tackling and chain gang. Sonorous or not, this technology represents nothing less than the second generation of the Internet, and it holds the potential to transform money, business, government and society. Let us explain. Read the full article at...

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