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.
Reprinted from BLOCKCHAIN REVOLUTION: How the Technology Behind Bitcoin Is Changing Money, Business, and the World by Don Tapscott and Alex Tapscott with permission of Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC. Copyright © Don Tapscott and Alex Tapscott, 2016.
By Don Tapscott
The views expressed are his own.
The FTC many have unwittingly saved Facebook. Privacy was Facebook's Achilles heel and over the years they have continually got it wrong. Now the FTC is forcing them to get it right.
One thing pundits rarely do is review their own prognostications. My 2011 projections and some 20-20 hindsight editorializing.
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