18 minutes and 49 seconds well spent!

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.

Five Transformations for a Prosperous World

1. Protecting rights through immutable records
2. Creating a true sharing economy
3. Ending the remittance rip-off
4. Enabling citizens to own, protect and monetize their data
5. Ensuring compensation for the creators of value

Mentioned: Abra – Transfer Money & Bitcoin with Abra App. From their website:

• This mobile payment company is transforming P2P payments by using blockchain technology | Business Insider
• American Express Invests In Bitcoin Venture, Abra, Which Announces U.S., Philippines Launch | Forbes
• Abra Raises $12M In Series A Funding For Its Bitcoin-Based Remittance Service | TechCrunch
• Your bank account: The next thing to go obsolete | CNN Money

Thanks Jeff for the find!

Source: Don Tapscott: How the blockchain is changing money and business | TED Talk

See also:

• ICOs Meet IPOs: Blockchain Author Alex Tapscott to Take Token Startup Public | CoinDesk
• Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco – YouTube