Richie Etwaru, discusses the opportunity and implications of blockchain as a paradigm to slow/close the expanding trust gap in commerce. He unpacks blockchain to a level of simplicity to be consumed by those who are just starting to understand and explore the paradigm. He lays out a current state of commerce, suggesting that every company is currently at risk of being disrupted or incurring severe strain from a blockchain version of itself.

Every company in the world today, not just the intermediaries, are at risk of having competition from a blockchain version of themselves.

We are at the ground floor of a new paradigm in humanity that will change the human experience called Blockchain. The thing it is going to change is Trust.

Takeaway

Blockchain in one word: “Trust”

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What is Blockchain? Blockchain is a shared, immutable ledger for recording the history of transactions. It fosters a new generation of transactional applications that establish trust, accountability and transparency—from contracts to deeds to payments.

Frees up capital flows, speeds up processes, lowers transaction costs and most importantly provides security and trust. We believe that Blockchain will do for business what the Internet did for communications.

Source: IBM Blockchain

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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

There really is more. just click below…

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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

(Click Read More to listen to the audio.)

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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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