Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World

by Don Tapscott

reasonable. People claim that the dot-com era of boom and bust was destructive, but I would call it creatively destructive.”10 It may have harmed those looking only to make a quick buck, but it otherwise sorted out the sustainable business models from the unsustainable ones, and it weeded out inefficient operations.

Whereas bitcoin serves such a purpose, Ethereum is a platform technology, designed from the outset to enable distributed applications (DApps),

Why shouldn’t all stocks, bonds, dividends, futures, forwards, swaps, options, and other financial assets exist in purely digital form on blockchains?

Identity is not simply endowed at birth; it is endowed by birth. Until now, we haven’t had the means to assert this authority.

Honesty is not just an ethical issue; it has become an economic one.

Consideration in business often means a fair exchange of benefits or detriments that parties will operate in good faith.

In the preblockchain world, trust in transactions derived from individuals, intermediaries, or other organizations acting with integrity.

In the emerging blockchain world, trust derives from the network and even from objects on the network. Carlos Moreira of the cryptographic security company WISeKey said