Alex Tapscott to talk about his book Blockchain Revolution, looking at how the technology behind Bitcoin can reshape the world of business and transform the old order of human affairs for the better.
About the Book:
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.
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.
About the Author:
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. Over his career, Alex has worked tirelessly for his clients, raising hundreds of millions of dollars in growth capital from a global institutional investor base, and provided sound advice and counsel.