Alex Tapscott, CEO and Founder of Northwest Passage Ventures, and co-author of the upcoming book The Blockchain Revolution says that in the not-too-distant future, billions of “smart” things in the physical world will be sensing, responding to, communicating with and sharing important data. He says that this will translate into everything from protecting our environment to charging our homes and managing our health. Given this trend, Tapscott believes that cities and regions will be profoundly transformed by this revolution, as public transit systems, healthcare, power-generation and other industries stand to be disrupted. And all of this he believes will be increasingly powered by blockchain.

“Imagine each household having the ability to generate and store electricity by entering into peer-to-peer transactions with neighbors or by selling at a market rate back into the grid. Millions of homes could become autonomous agents, contracting power automatically with the highest bidder. Blockchain technology is critical to all of this,” says Tapscott, who provided BTCMANAGER with some exclusive insights in advance of his new book scheduled for release in May.

Excerpted from BTCMANAGER. Read the full text here.