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 Tessier

Don Tapscott