Don Tapscott at TEDSummit 2016

Alex Tapscott | ideacity 2016

Blockchain Revolution

by Don Tapscott & Alex Tapscott

Over 30 years, no theorist of the digital age has better explained the next big thing than Don Tapscott. For example, in Wikinomics Tapscott was the first to show how the Internet provides the first global platform for mass collaboration. Now, he writes about a profound technological shift that will change how the world does business—and everything else—using blockchain technology, which powers the digital currency Bitcoin.

The Internet as we know it is great for collaboration and communication, but is deeply flawed when it comes to commerce and privacy. The new blockchain technology facilitates peer-to-peer transactions without any intermediary such as a bank or governing body. Keeping the user’s information anonymous, the blockchain validates and keeps a permanent public record of all transactions.

That means that your personal information is private and secure, while all activity is transparent and incorruptible—reconciled by mass collaboration and stored in code on a digital ledger. With its advent, we will not need to trust each other in the traditional sense, because trust is built into the system itself.

Although many opportunities for the blockchain require a digital currency, Bitcoin is only one application of this great innovation in computer science. The blockchain can hold any legal document, from deeds and marriage licenses to educational degrees and birth certificates. Call it the World Wide Ledger. It enables smart contracts, decentralized autonomous organizations, decentralized government services, and transactions among things. The Internet of Everything needs a Ledger of Everything: the blockchain is a truly open, distributed, global platform that fundamentally changes what we can do online, how we do it, and who can participate.

Photo of Alex and Don Tapscott

Tapscott, writing with his son Alex, a financial analyst and technologist, argues that the blockchain will shape the next era of prosperity—in finance, business, healthcare, education, governance, and beyond.

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Featured In

Bitcoin Is Just The Beginning

One of the great mysteries of modern life is the time it still takes for a check to clear. Every other financial transaction is being reduced to the tap of a phone or the press of a key. But checks take days to rumble their way from payee to the originating bank, days...

Trust and Verify: The Coming Blockchain Revolution

Blockchain today might be like the internet in 1993: a decade from now, you’ll wonder how society ever functioned without it, even though most of us barely know what it is today. Some fascinating blockchain sprouts are poking through these days, such as one company...

Financial Times Review

The Financial Times' John Gapper has reviewed Blockchain Revolution in the May 18th edition. The review examines the Tapscotts' predictions for future areas of...

The Impact of the Blockchain Goes Beyond Financial Services

Don and Alex Tapscott have published an article on Harvard Business Review about how the impact of the blockchain will not be limited to just banking, value transfer, and other financial services. They write: Much of the hype around blockchains has focused on their...

NextBlock Global raises $20-million in first fundraising round

With online currencies such as bitcoin and ether capturing the imagination of tech-savvy investors, a new Canadian company is looking to give investors exposure to the volatile and fast-moving world of blockchain technology. NextBlock Global, an investment company...

WEF Report: Realizing the Potential of Blockchain

Alex Tapscott and I wrote this report in collaboration with the world economic forum to provide to better self organize and govern these resources more effectively. We hope that this will make a difference for everyone in the community who cares about ensuring that...

Don Tapscott in Tech on Politics Podcast

The Internet is entering a second era. We’ve had the Internet of Information. With blockchain we’re seeing the rise of the Internet of Value. There are profound opportunities to improve the economy and also the operations of government. Download the podcast on...

Blockchain Revolution German Edition

Blockchain Revolution is now available in German! Co-author Don Tapscott was interviewed on German national radio to discuss blockchain. Listen to the interview on...

What They’re Saying

Occasionally a book comes along that changes the global discourse. This is likely to be one of those books. Blockchains are at the heart of the Fourth Industrial Revolution and the Tapscotts lucidly explain how and how to capture the opportunity and avoid the dangers.

Klaus Schwab

Founder and Executive Chairman, World Economic Forum

A carefully researched and beautifully written book. Blockchain Revolution argues that the ‘Internet of value’ will transform our lives. A must-read book for our disruptive times.

Dominic Barton

Global Managing Director, McKinsey & Company

A masterpiece. Gracefully dissects the potential of blockchain technology to take on today’s most pressing global challenges.

Hernando De Soto

Economist and President of the Institute for Liberty and Democracy, Peru

In ‘Blockchain Revolution,’ Don and Alex brilliantly illuminates the technology that could profoundly impact the way we manage issues of trust, security and privacy for years to come.

Indra Nooyi

Chairman & CEO, PepsiCo

Alex Tapscott’s Tweets

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Alexander Tapscott

@HistorianEye Sounds like good advice 🙂

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Alexander Tapscott

Anyone speak Korean? 🙃

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Alexander Tapscott

Taking the stage at the Global Financial Conference in #Seoul to discuss how #Korea can be a leader in the…

Don Tapscott’s Tweets

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Don Tapscott

@eunika_sot My pleasure - it was a thoughtful piece addressing an important issue!

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Don Tapscott

This is an interesting piece! Speaks to the system of "digital feudalism" we're confronted with today.

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Don Tapscott

Getting the regulation question right is crucial. It was good to see so many regulators, entrepreneurs and enterpri…