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How blockchains could change the world
May10

How blockchains could change the world

What impact could the technology behind Bitcoin have? According to Tapscott Group CEO Don Tapscott, blockchains, the technology underpinning the cryptocurrency, could revolutionize the world economy. In this interview with McKinsey’s Rik Kirkland, Tapscott explains how blockchains—an open-source distributed database using state-of-the-art cryptography—may facilitate collaboration and tracking of all kinds of transactions and interactions. Tapscott, coauthor of the new book Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World, also believes the technology could offer genuine privacy protection and “a platform for truth and trust.” Watch the interview below: View the entire interview on...

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The Biggest Thing Since Double-Entry Book-Keeping
May09

The Biggest Thing Since Double-Entry Book-Keeping

Don and Alex Tapscott have been featured in Fortune‘s CEO Daily for Monday, May 9: If you are still wondering why so many investors are going ga-ga over bitcoin, we suggest you read the excerpt Fortune published yesterday from a new book called The Blockchain Revolution, by Don Tapscott and his son Alex. The elder Tapscott is a prolific book writer – his works include The Digital Economy (1994) and Wikinomics (2006) – and a popularizer of technology topics. The Tapscotts […] make the bulls’ case in clear and compelling terms. Read the full feature 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...

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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 and Alex Tapscott predict upcoming digital revolution
May06

Don and Alex Tapscott predict upcoming digital revolution

Don and Alex Tapscott launched their book tour on Thursday at the Rotman School of Management. Toronto Star writer Oliver Sachgau writes about the event: On Thursday, the pair launched the result of their first professional collaboration, a book on what they see as the next big change in technology, called Blockchain Revolution. The two began a 10-city tour to talk about the topics in their book at the University of Toronto. Speaking to a room of business and technology leaders, both Alex, who runs Northwest Passage Ventures, and Don, CEO of the Tapscott Group and an expert on the intersection of media, innovation and technology, argued for how blockchains will change business, technology and the Internet. In his speech, the elder Tapscott compared the impact to when the Internet was first created. The article continues further to explain the blockchain. It also gives examples of who would be interested in this book, and informs us about Don’s upcoming guest-editing of the Toronto Star for a special Innovation Edition on Saturday. Read the full article on the Toronto Star Photo: Carlos Osorio / Toronto...

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