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. 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, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind. 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.
Alex Tapscott is the CEO and Founder of Northwest Passage Ventures, an advisory firm building industry-leading blockchain businesses. Formerly, Alex was a senior executive at Canaccord Genuity, Canada’s largest independent investment bank. At age 25, he became the firm’s youngest-ever Vice President and in 2014, he founded the firm’s blockchain practice.
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.Find out more