The technology likely to have the greatest impact on the future of the world economy has arrived, and it's not self-driving cars, solar energy, or artificial intelligence.
It's called the blockchain.
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, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.
Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it's the technology that drives bitcoin and other digital currencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind, from birth and death certificates to insurance claims and even votes.
Why should you care? Maybe you're a music lover who wants artists to make a living off their art. Or a consumer who wants to know where that hamburger meat really came from. Perhaps you're an immigrant who's sick of paying big fees to send money home to loved ones. Or an entrepreneur looking for a new platform to build a business.
And those examples are barely the tip of the iceberg. This technology is public, encrypted, and readily available for anyone to use. It's already seeing widespread adoption in a number of areas. For example, forty-two (and counting) of the world's biggest financial institutions, including Goldman Sachs, JPMorgan Chase, and Credit Suisse, have formed a consortium to investigate the blockchain for speedier and more secure transactions.
As with major paradigm shifts that preceded it, the blockchain will create winners and losers. And while opportunities abound, the risks of disruption and dislocation must not be ignored.
Don Tapscott, the bestselling author of Wikinomics, and his son, blockchain expert Alex Tapscott, bring us a brilliantly researched, highly listenable, and utterly foundational book about the future of the modern economy. Blockchain Revolution is the business leaders' playbook for the next decade and beyond.
©2016 Don Tapscott and Alex Tapscott (P)2016 Brilliance Audio, all rights reserved. Recorded by arrangement with Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC.
When you new to the space.
If you did some reading already, you might feel as me that I hadn't too much new insights from what one could learn from podcasts like let's talk Bitcoin and alike.
Overall, a disappointing compendium of use cases for Blockchain technology but not a serious treatment of the technology itself. This technology will be a game changer but I don't think the book answered the question of "Why".
This is really an academic book on blockchain and too much hype and overselling of the technology without any . too much fluff and not much content with backed up material or hypothesis, wild projections are made without thorough investigation of the technology or how specific technical elements of the blockchain help resolve some of the problems in real world. In a nut shell a sales world tour of the book without much technical know how to back it up by the authors.
One good example is naming Commonwealth Bank of Australia as a government department and another was the misunderstanding of game theory. often states opinion as fact.
I think this book nicely splits the difference between knowledgeable IT users and laymen. Very little for the knowledgeable, and too much magic for the laymen.
It was well organized.
No compelling narrative or storytelling. Some great examples of applications of Blockchain technology - but for the most part a waste of time. The last few chapters on regulation, and the future of the technology regurgitate examples from elsewhere in the book - over and over again. Also - a lot of "authors biases" are evident on what the Blockchain should be used for in the future etc. that aren't really relevant to understanding the technology.
This a good high-level treatment of the promise of block chain technology. It is a bit light on technical detail, but those would be likely to overwhelm. Also it seems a bit overly optimistic in the current political environment.
Don in this book brings forth topics transcending core technology. He explores new business models, governance and use cases.
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