Posts Tagged ‘sean’
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
There really is more. just click below…
Read MoreIndia Is Likely To Become The First Digital, Cashless Society | Forbes
The top news out of India over the past 12 months has been Prime Minister Modi’s move to ban 85% of the currency in circulation. However, something much more far-reaching has happened.
…A 2015 report from MasterCard found that India was one of the countries least ready to transition to a digital payment system.
Yet, 12 months later such a system was rolled out.
If the transition to a digital society can happen in India, where just 2% of transactions were non-cash a few years ago, it can happen anywhere.
India Stack could fast-track the move to digital payment systems across the developed world and mark the end of cash.
Thanks Jeff for the find!
Source: India Is Likely To Become The First Digital, Cashless Society
Read MoreWhy this venture capitalist wants to make traditional VC obsolete | American Banker
BROCK PIERCE: I don’t need to do an ICO to raise my fund. Arguably, it’s not the right thing to do, because I have a traditional general partners/limited partners structure. But this is the future of how startups will be financed. I’ve been aware of it and following it, but I have a serious concern about how this stuff is being regulated. Most of the people doing ICOs today are creating very convoluted structures with the purpose of circumventing securities law, and in a lot of cases I don’t think it holds up. I think a lot of these deals have substantial regulatory overhang. Rather than circumvent regulations, let’s look at it and say, “Is this something that can be done within the rules? Can you do this compliantly?”
That’s what we set about doing over the last year. Timing is everything for me. I’ve been in the ICO market since day one [as a founding board member of Mastercoin], and it became very clear over the last year that the future is now. We’re off to the races. And so the question is, how does one do it legally?
Thanks Frédéic for the find!
Source: Why this venture capitalist wants to make traditional VC obsolete | American Banker
Read MoreBitcoin & Blockchain: What do They Mean for Financial Services? | Publications | Fasken Martineau
Blockchain and digital currencies are expected to change the way parties transact in coming years. It has been suggested that the Government of Canada is likely to issue a Canadian Dollar digital currency in the future. The Royal Canadian Mint has already issued a version of this known as MintChip. The Bank of Canada announced, in a closed media session at the 2016 Payments Panorama conference, that they had been experimenting with “The Jasper Distributed Ledger Settlement Platform.” This project introduced the concept of a possible “CAD-COIN.” This has placed Canada in a unique position in comparison to other jurisdictions, as the government is actively exploring the applications of this technology.
Source: Bitcoin & Blockchain: What do They Mean for Financial Services? | Publications | Fasken Martineau
Read MoreBlockchain — 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
(Click Read More to listen to the audio.)
Read MoreThe Truth About Blockchain | Harvard Business Review
Ultimately, it took more than 30 years for TCP/IP to move through all the phases—single use, localized use, substitution, and transformation—and reshape the economy. Today more than half the world’s most valuable public companies have internet-driven, platform-based business models. The very foundations of our economy have changed. Physical scale and unique intellectual property no longer confer unbeatable advantages; increasingly, the economic leaders are enterprises that act as “keystones,” proactively or
Consider how law firms will have to change to make smart contracts viable. They’ll need to develop new expertise in software and blockchain programming. They’ll probably also have to rethink their hourly payment model and entertain the idea of charging transaction or hosting fees for contracts, to name just two possible approaches. Whatever tack they take, executives must be sure they understand and have tested the business model implications before making any switch.
Clearly, starting small is a good way to develop the know-how to think bigger. But the level of investment should depend on the context of the company and the industry. Financial services companies are already well down the road to blockchain adoption. Manufacturing is not.
No matter what the context, there’s a strong possibility that blockchain will affect your business. The very big question is when.
Source: The Truth About Blockchain
Read MoreBlockchain Could Help Artists Profit More from Their Creative Works
Enter blockchain-based platforms and programmable templates called smart contracts. Blockchain is a new technology platform, running on millions of devices and open to anyone, where not just information but anything of value — money, titles, and deeds, but also music, art, scientific discoveries, and other intellectual property — can be moved and stored securely and privately, where trust is established not by powerful intermediaries like movie studios, streaming services, banks, or other companies, but rat
In this new ecosystem, we see a place for Netflix and YouTube; a place for studio curation; and a place for fan-generated content. The film industry will still need people to sift through the hundreds of millions of hours of video created every day all over the planet. The key point is that the artists themselves will finally be feasting at the center of their own ecosystem, not starving at the edges of many others.
Source: Blockchain Could Help Artists Profit More from Their Creative Works
Read MoreBlockchain to Disrupt Balance of Power in TV, Music and Film Industry
The Blockchain is a perfect storm that makes sure the owners of content and the artists get what they are entitled to and don’t get squeezed out of the game. Smart contracts can enforce and automate the rights and distribution of wealth as payments to key parties. The Blockchain is the equalizing balance that puts the power back in the hands of the artists. Those with the talent can now decide how their content is used, who gets access to it and, more importantly, that nothing is tampered with, copied or hi
Source: Blockchain to Disrupt Balance of Power in TV, Music and Film Industry
Read MoreDeloitte Demos Blockchain Use Case for Art Industry – CoinDesk
The blockchain distributed ledger can trace the journey of artworks. When this technology is used in the art market, all events in the life cycle of an artwork are recorded and traceable. The application addresses one of the main concerns in the art market today, namely the fragile documentation related to the provenance and movements of a piece of art.
Source: Deloitte Demos Blockchain Use Case for Art Industry – CoinDesk
Read MoreHow Blockchain Tech is Inspiring the Art World
“It just kind of can be used for anything, to get rid of lawyers, to bypass copyright law – which is obviously really important for artists. It [the blockchain] will completely empower artists.”
Although it is still early days and crypto 2.0 is still in its relatively nascent stage, it seems that distributed consensus ledgers such as the blockchain will continue to gain momentum among artists, who are typically interested in ways of eradicating the middle-men to gain greater control over their work and their profits.
Source: How Blockchain Tech is Inspiring the Art World
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