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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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Don Tapscott Named #2 Top Most Influential Person in the Blockchain Industry
Apr18

Don Tapscott Named #2 Top Most Influential Person in the Blockchain Industry

Richtopia has compiled the top 100 Financial Tech insiders—the most important people who are pro-active about the possibilities of change enabled by the blockchain. Tapscott, whose power score was second only to Marc Andreeson, responded in his typical low-key way “Times are a...

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What the Blockchain Means for Economic Prosperity
Dec25

What the Blockchain Means for Economic Prosperity

Don and Alex Tapscott write about the Blockchain on CoinDesk, the world leader in news and information on digital currencies such as bitcoin, and its underlying technology – the blockchain. The Internet is entering a second era, one that gives us another shot to achieve a prosperous future. Yes, the digital revolution has brought countless wonders. The Internet, the World Wide Web, social media, mobile computing, geospaciality, Big Data and the cloud have all enabled advancements in virtually every aspect of life. But when it comes to business, a careful analysis shows that the changes to date are only scratching the surface. Capitalism’s basic institution, the corporation, has remained relatively unchanged. Hierarchy, vertical integration and bureaucracy – hallmarks of the industrial age – still reign. Read the full article on...

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Why My Kids Are My “Reverse Mentors”
Sep11

Why My Kids Are My “Reverse Mentors”

In the mid-1990s, I began studying the behaviours of kids when I noticed how my 10-year-old daughter was effortlessly able to use sophisticated technologies. At first, I thought, “She’s a prodigy!!!” but then I noticed all her friends were like that too, so I decided that was a bad theory. I began to theorize instead that this was the first time in history when children were an authority on something really important. (I was an authority on model trains when I was a kid.) Today, the 11-year-old at the table is an authority on revolution changing business and society. Continue reading on...

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