The Blockchain Revolution

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The panel was opened by Alex Tapscott, co-author with Don Tapscott of the upcoming book "Blockchain Revolution: How the Underlying Technology of Bitcoin is Changing Money, Business, and the World, which will be published by Penguin Randomhouse soon. This will be the first book to explain why blockchain technology, which powers the digital currency Bitcoin, and is an open, distributed, global platform. The new technology facilitates peer-to-peer transactions without any intermediary such as a bank. It's keeping the user’s information anonymous private and secure, while all activity is transparent – reconciled by community validation. "We think this technology will have a great impact", said Alex. "There will not only be an internet of information but of value." And his father, Dan Tapscott, CEO of the Tapscott Group, added: "Blockchain will be the second era of the internet." He underlined that we have to rethink the financial services industry – and with blockchain the next big thing has arrived.

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