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Join The Blockchain Revolution In Logistics
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January 25, 2016, 05:24:32 AM |
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Don Tapscott, Published on Sat Jan 23 2016
DAVOS, SWITZERLAND—The World Economic Forum has identified “the blockchain” as one of the core technologies of the Fourth Industrial Revolution
At its most basic, the blockchain is a global database—an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value and importance to humankind: birth and death certificates, marriage licenses, deeds and titles of ownership, educational degrees, financial accounts, medical procedures, insurance claims, votes, transactions between smart objects, and anything else that can be expressed in code. This ledger represents the truth because mass collaboration constantly reconciles it. We will not need to trust each other in the traditional sense, because the new platform ensures integrity. Think trust achieved through clever code and mass collaboration.
The enthusiasm was in stark contrast to my next meeting meeting—with 60 CEO’s of big banks banks. I was leading a discussion on technology disrupters in banking and while there was big interest in understanding blockchain technologies most were not convinced that there was either a big danger or big opportunity.
It kind of reminded me of 1994 when I advocated for something called the World Wide Web and many people’s reaction was “meh.”
Don Tapscott a best-selling author most recently The Digital Economy, Adjunct Professor at the Rotman School of Management, University of Toronto and the chancellor of Trent University.
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