The Blockchain Revolution, an excerpt from Don and Alex Tapscott’s upcoming book
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Blockchain technology -- a distributed ledger that underpins bitcoin and other cryptocurrencies, and is widely predicted to be practical in many more use cases -- promises redistributed wealth across the globe by changing how that wealth is created, according to Don Tapscottauthor, consultant and CEO of Tapscott Group. By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States.
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How could blockchain technology lead to redistributed wealth moving forward? It's actually not the re-distribution of wealth but the PRE-distribution of wealth. Changing the way get's distributed in the first place. Through the blockchain, we tapscott blockchain login go from redistributing wealth to distributing value and opportunity fairly in the first place, from cradle to grave.
Including billions of people in the global economy: In low and middle income countries theres a major challenge associated with property titles and claims to property. BC would allow the local village with a secure ID. The opportunity for the application of BC technology in low and middle income countries is tremendous; however a key difference is that while the commercial focus is on outstanding technology challenges, the LMICs are focused on the trust aspect of block chain.
With respect to the development agenda BC is a significant breakthrough that will make a huge impact on and add value to any transaction that requires trust. This is very likely to support the Sustainable Development Goal SDG agenda adopted at the beginning of to run throughtapscott blockchain login to end poverty, improve health significantly and ensure prosperity tapscott blockchain login all.
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