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


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.

Thanks Jeff for the find!

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

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Blockchain — What You Need to Know | Harvard Business Review

Invest 23 minutes and listen to this!

Karim Lakhani, Harvard Business School professor and co-founder of the HBS Digital Initiative, discusses blockchain, an online record-keeping technology that many believe will revolutionize commerce. Lakhani breaks down how the technology behind bitcoin works and talks about the industries and companies that could see new growth opportunities or lose business. He also has recommendations for managers: start experimenting with blockchain as soon as possible. Lakhani is the co-author of the article “The Truth

Takeaways
  • Blockchain = Trust
  • Disintermediation = “Bringing the ends of a transaction together” = An exponential level of disruption not seen since the introduction of the World Wide Web in the mid 1990s (IMO)
  • We are in the “dial-up days of Blockchain”

Source: Blockchain — What You Need to Know

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A blockchain explanation your parents could understand | Jamie Skella | Pulse | LinkedIn

It’s happening in an increasingly frequent manner: “Jamie, explain this blockchain stuff to me. I’ve read a bunch of articles and I’m no wiser.” The problem with most blockchain explainers is that they provide more detail than what matters to most people, using language that is foreign to most people, which winds up leaving people more confused than when they started. Instead, without worrying about being a technically perfect description, here’s an explanation of blockchain your parents could understand…

Source: A blockchain explanation your parents could understand | Jamie Skella | Pulse | LinkedIn

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The case for digital reinvention | McKinsey & Company

This finding confirms what many executives may already suspect: by reducing economic friction, digitization enables competition that pressures revenue and profit growth. Current levels of digitization have already taken out, on average, up to six points of annual revenue and 4.5 points of growth in earnings before interest and taxes (EBIT). And there’s more pressure ahead, our research suggests, as digital penetration deepens.

Source: The case for digital reinvention | McKinsey & Company

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25% of CEOs’ Time Is Spent on Tasks Machines Could Do | Harvard Business Review

Like President Johnson in the 1960s, we see that automation could make a major contribution to productivity and prosperity… For companies around the world, automation will offer the potential to capture substantial value — and not just from labor substitution. These technologies enable higher throughput, enhanced quality, better outcomes, greater safety, and the opportunity to scale up or adopt new business models.

Source: 25% of CEOs’ Time Is Spent on Tasks Machines Could Do

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IBM Watson enters ‘Big Four’ accounting firm duel for A.I. dominance – New York Business Journal

In July 2014, the American Institute of CPAs (AICPA) published results of a survey which found that 85 percent of CPAs expected an increase in the amount of time they spend on electronic data analysis in the “near” future, according to an Accounting Web report. A quarter of the 180 CPAs surveyed listed big-data analysis as one of the top industry challenges in the future and 20 percent listed increased complexity and scrutiny in engagements.

Source: IBM Watson enters ‘Big Four’ accounting firm duel for A.I. dominance – New York Business Journal

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The Checklist Manifesto | Atul Gawande

Over the past decade, through his writing in The New Yorker magazine and his books Complications and Better, Atul Gawande has made a name for himself as a writer of exquisitely crafted meditations on the problems and challenges of modern medicine. His latest book, The Checklist Manifesto, begins on familiar ground, with his experiences as a surgeon. But before long it becomes clear that he is really interested in a problem that afflicts virtually every aspect of the modern world–and that is how professionals deal with the increasing complexity of their responsibilities. It has been years since I read a book so powerful and so thought-provoking.

Source: The Checklist Manifesto | Atul Gawande

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