DAVOS, SWITZERLAND—The World Economic Forum has identified “the blockchain” as one of the core technologies of the Fourth Industrial Revolution (this year’s theme of the Davos summit). The topic has come up a lot this week and there is plenty of enthusiasm, hand-wringing, fear and our-right denial.
Understandably so.
The digital revolution is bringing a new and radically different platform for business and other institutions that can take us through the next quarter century of human progress. At the core is the biggest innovation in computer science in a generation. It is the technology underlying the digital currency Bitcoin—the blockchain. This technology platform is open and programmable. My view is that as such it holds the potential for unleashing countless new applications and as yet unrealized capabilities that have the potential to transform everything in the next 25 years.
http://www.thestar.com/business/tech_news/2016/01/23/the-blockchain-big-opportunity-or-big-danger.html
