How the blockchain is changing money and business | Don Tapscott

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What is the blockchain? If you don’t know, you should; if you do, chances are you still need some clarification on how it actually works. is here to help, demystifying this world-changing, trust-building which, he says, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society.

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30 Replies to “How the blockchain is changing money and business | Don Tapscott”

  1. all of it, all of it, it's all OUR OWN FAULT !, we, the lazy public, we have allowed these greedy bastards to engineer our lives so that we are too buggered at the end of a 40 to 80 hour working week to have the energy or time to stop this corruption of everything in our lives, from the way that banks and govt's steal our money and property, to petty criminals getting better deals in a fucking court room than the victim,if you knew how much of the worlds wealth was owned by how FEW you would vomit, it's obscene, why are humans so god damned greedy ? why are still so savage and selfish ?

  2. wow! so no worth of having an idea and executing it. Hi are you renting homes in airbnb? ohh here are the shares of the company…. . is he still hungover in the soviet era… tried it tested it… didnt work..Scietific discovery being commercialized? imagine a lot of people not getting access to a new patented medicine… not a great idea… ohh anyway we shouldnt value an idea..Coulnt we haave gone with constructive socialism….? but all said and done… Bitcoin is really worth a shot… Wow.. just imagine the level of encryption and Managing your own identity …. Kudos!!

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  4. Intetesting to the 10.00 but after that i doubt the described use.
    I mean you do not suppose that banks and rest of monetary industry are just going to wait to be replaced?
    They will hijack this system.
    Then they will outlaw cash and effectively control all money….

  5. Bitcoin is a great application of Blockchain technology. However, Bitcoins could be stolen leading to permanent loss of ownership of the assets.

    1.       A whopping $ 500 m worth bitcoins were stolen from Mt.Gox Exchange of Japan.

    2.       About $ 70 million were stolen from Bitcoin user accounts in the Bitfinex exchange of Hong Kong.

    The exchanges filed for bankruptcy. Why such stolen money cannot be traced and returned to the rightful owners in a digital world is still an open question.

    Any answers?

  6. obviously this will arrive despite pushback. but think on how this guy views things in life. he thinks democracy is great unless the outcome is not how he hoped (brexit he mentions with the usual slander) and he also talks about financial institutions being removed. but let us be honest here, what we are going to see is a one world currency ultimately controlled by a monopoly of service providers. and how will these super computers be financed? by taxation of every transaction planetwide. consider paypal and how you pay a 20% fee when you receive cash. now how about that sort of thing everytime you sell. and how will that tie into taxation for national institutions?

    this has very great potential. but with great potential for good also comes great potential for evil.

  7. Everything. What he say is right but any asset without holding fisical aset mean worse and without government mean no law no law means safety it can happen anything .there will be allway control but with government and laws we can always count on bit coin can be always wiped up everything.so thing deep

  8. Who need to send money quick and if you have nothing to hide why you worry about government good government is always good no government mean no laws like lawless you do whatever you want and innocent people get trouble so thing careful all

  9. So he's saying that if you hack one of the blockchains you would have to hack all the blockchains made prior… Does that mean the first blockchain is the easiest to hack because there is none prior to it? If that is true, anyone knows what info is on first block chain? Or am I looking at this completely wrong…