Don Tapscott was writing about the Digital Economy 20 years ago and now stands firm on the idea that blockchains could revolutionise the global economy. How? Like most examples of digital disruption, the concept of the blockchain decreases reliance on gatekeepers and moves financial services toward a more democratic peer to peer system.

If I’m going to send some money to somebody else, I have to go through an intermediary—a powerful bank, a credit-card company—or I need a government to authenticate who I am and who you are. What if we could do that peer to peer? What if there was a protocol—call it the trust protocol—that enabled us to do transactions, to do commerce, to exchange money, without a powerful third party? This would be amazing.

See full story on How blockchains could change the world | McKinsey & Company

Click to share:
Facebook
Twitter
SHARE
Google+
http://www.datacurator.com.au/can-blockchains-change-the-world/
Follow by Email
RSS