Name: How the blockchain is changing money and business
Uploaded: 2016-08-25T14:55:46Z
Duration: 18 min 40 s
Description: 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. Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society.

Don Tapscott: How the blockchain is changing money and business

How the blockchain is changing money and business

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. Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society.

Blockchain technology promises to reshape how society exchanges value, making trusted transactions possible without central authorities. Instead of relying on banks or governments, blockchain distributes ledgers across millions of computers, making them nearly impossible to hack and more inclusive. Anecdotes like a housekeeper sending money to her mother in minutes for a fraction of the usual cost highlight its real-world potential. By protecting data, fairly rewarding creators, and enabling peer-to-peer commerce, blockchain could help tackle growing economic inequality.