Don tapscott bitcoin stock

In finance, the blockchain has the potential to replace cash and credit cards, but it already allows corporations or individuals to raise capital directly from the public without investment bankers or venture capitalists. Understanding how blockchain works is very complicated, but at its root is a new digital medium for value. Simply put, it is a vast, global, distributed ledger where buyers and sellers can securely and privately transfer, store, and manage anything of value without using a bank or credit card.

High levels of encryption protect the transaction by validating the parties involved and by preventing hacking, erasure or amendments. The SEC provided a very nuanced perspective — saying rightly that certain digital assets are securities and that a facts-based approach should be applied every time to make that determination. Put another way, enterprises and individuals can directly raise money from investors through crowdfunding by selling ownership using cryptocurrency instead of going through the red tape and the high cost of issuing shares or debt.

Countries, and their central banks, can do the same and blockchain technology is being studied by those who now print currencies such as the Bank of England, the Bank of Canada, the Federal Reserve in the U. For instance, a retail consumer can buy goods digitally without large credit card fees and the shopkeeper will have the proceeds deposited immediately into his bank account.

This would mean lower prices for consumers and higher profit margins for the shopkeeper. To boot, encryption prevents counterfeiting, fraud, or tampering. In mining, a blockchain digital record can permanently register core samples or contracts; and in trade, a blockchain record can enshrine bills of lading, letters of credit and contractual terms globally.

Uber and AirBnB or stock exchanges can be replaced with platforms that directly link buyers and sellers without the use of large corporations in between. Adoption accelerates as stronger protocols are devised. NextBlock is now scouring the world for great start-ups and platforms that utilize blockchain technology.

In finance, the blockchain has the potential to replace cash and credit cards, but it already allows corporations or individuals to raise capital directly from the public without investment bankers or venture capitalists. Understanding how blockchain works is very complicated, but at its root is a new digital medium for value. Simply put, it is a vast, global, distributed ledger where buyers and sellers can securely and privately transfer, store, and manage anything of value without using a bank or credit card.

High levels of encryption protect the transaction by validating the parties involved and by preventing hacking, erasure or amendments. The SEC provided a very nuanced perspective — saying rightly that certain digital assets are securities and that a facts-based approach should be applied every time to make that determination. Put another way, enterprises and individuals can directly raise money from investors through crowdfunding by selling ownership using cryptocurrency instead of going through the red tape and the high cost of issuing shares or debt.

Countries, and their central banks, can do the same and blockchain technology is being studied by those who now print currencies such as the Bank of England, the Bank of Canada, the Federal Reserve in the U. For instance, a retail consumer can buy goods digitally without large credit card fees and the shopkeeper will have the proceeds deposited immediately into his bank account. This would mean lower prices for consumers and higher profit margins for the shopkeeper.

To boot, encryption prevents counterfeiting, fraud, or tampering. In mining, a blockchain digital record can permanently register core samples or contracts; and in trade, a blockchain record can enshrine bills of lading, letters of credit and contractual terms globally.