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Is the future of business a company without workers, managers, or a CEO?
May31

Is the future of business a company without workers, managers, or a CEO?

These days, it’s hardly surprising to hear that a hot new startup has received gobs of money from eager investors. But a new company called the DAO (short for “decentralized autonomous organization”) is not your average startup. The DAO, designed to serve as a kind of venture capital fund for the cryptocurrency community, is the first of a new breed of business. It has no CEO and no staff; indeed, it has no human management at all. The company itself is simply software that runs on a blockchain, the technology that powers digital currencies like bitcoin. Through its first three weeks, the DAO raised over $130 million from tens of thousands of global investors, and it’s not done yet. But regardless of how the company fares, its mere existence portends profound changes for business, government, and the roles that people play in our economy. Read the full article by Don and Alex Tapscott on...

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Blockchain and the CIO: a new model for IT
May30

Blockchain and the CIO: a new model for IT

The most important emerging technology for the enterprise – and therefore the CIO – is not big data, the social web, artificial intelligence, robotics or the cloud – it’s blockchain The digital revolution is bringing a new and radically different platform for business and other institutions that can take us through the next quarter-century of human progress. At the core is the biggest innovation in computer science in a generation. It is blockchain – the technology underlying the digital currency Bitcoin. This technology platform is open and programmable. Read the full article by Don and Alex Tapscott on Computer...

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How Will Blockchain Change Banking? How Won’t It?
May26

How Will Blockchain Change Banking? How Won’t It?

This is an adapted excerpt from the recently released book “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.” Our global financial system moves trillions of dollars, serves billions of customers and supports a global economy worth more than $100 trillion. Imagine what it could do, were it not in such shoddy condition. It is antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. It is centralized, vulnerable to data breaches, systems failure and terrorist attack. It is exclusive, denying billions of people access to basic financial tools. It is opaque, baffling monetary policy makers and financial regulators, thanks to the compartmentalization of oversight. And it is monopolistic, lobbying for the status quo and stifling disruptive innovation. Enter blockchain, the vast global distributed ledger running on millions of devices and open to anyone, where not just information but anything of value — money, equities, bonds, titles, deeds, contracts and virtually all other kinds of financial assets can be moved and stored securely and privately– and where trust is established, not by powerful intermediaries like banks, governments and technology companies, but rather through mass collaboration and clever code. Read the full excerpt on American...

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How Blockchain Technology Can Reinvent The Power Grid
May24

How Blockchain Technology Can Reinvent The Power Grid

The Internet of Things is challenging regulated utilities. A power pole collapses at 8 p.m. on a hot night in the remote outback of Australia. This is a problem for William and Olivia Munroe, who raise sheep and cattle 100 miles outside an old gold mining town on the edge of the Great Victoria Desert. In the summer, the temperature frequently soars close to 120 degrees Fahrenheit. Their children attend school via satellite link, the family’s only means of accessing health services in case of illness or emergency. Although the Munroes have a backup generator, it can’t power the water pumps, communications, and air-conditioning for long. In short, their lives depend entirely upon reliable energy. Read the full excerpt on...

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How the Tech Behind Bitcoin Will Change Your Life
May19

How the Tech Behind Bitcoin Will Change Your Life

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 and video on...

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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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