BLOCKCHAIN REVOLUTION:
Understanding the 2nd Generation of The Internet
and the New Economy
Alex Tapscott
TWITTER: @alextapscott
JAVITZ CENTRE
NEW YORK, NEW YORK
LENDIT NY 2017
2016 Don Tapscott and Alex Tapscott. All Rights Reserved.
TECHNOLOGIES OF THE FOURTH INDUSTRIAL
REVOLUTION
Animating the Autonomous Distributed Energy Technology in Our
Machine Learning Virtual Reality
Physical World Vehicles Sources Bodies
2016 Don Tapscott and Alex Tapscott. All Rights Reserved.
TECHNOLOGIES OF THE FOURTH INDUSTRIAL
REVOLUTION
Animating the Autonomous Distributed Energy Technology in Our
Machine Learning Virtual Reality
Physical World Vehicles Sources Bodies
BLOCKCHAIN
2016 Don Tapscott and Alex Tapscott. All Rights Reserved.
The Internet of Information
Web Photos
Sites
Word INFORMATION PDFs
Docs
PPT Voice
Slides
4
The Internet of Information The Internet of Value
Social
Reputation
Capital
Intellectual
Money property
Loyalty
Attestations Identity points
Contracts
ASSETS Deeds
Carbon
credits
Energy ASSETS
Coupons
Other
Financial
Bonds
Assets
Premiums
Music Art Votes Stocks
Other Futures Receivables
Swaps IOUs
Visual
Film
Art
5
The Middleman
6
BLOCKCHAIN: The Second Era of the Internet
7
Just Another Block in the Chain
1 2 3 4 5
Block 53
Block50.dat
Block51.dat
Previous block:
Block52.dat
00000zzxvzx5
Timestamp
Proof of work:
00000090b41bx
04.19.2016.09.14.53
Transaction:
Block53.dat
94lxcv14
Community New blocks added Reference to Permanent
Distributed ledger
validation previous blocks time-stamp
8
ETHEREUM: A NEW TRANSACTION PLATFORM FOR THE INTERNET
9
ETHEREUM: A NEW TRANSACTION PLATFORM FOR THE INTERNET
10
HYPERLEDGER: THE FASTEST-GROWING LINUX PROJECT EVER
11
HYPERLEDGER: THE FASTEST-GROWING LINUX PROJECT EVER
12
The 2nd Generation of the Internet for Business
13
Re-Architecting the Corporation
THE THEORY OF THE FIRM
Transaction costs:
1. Search
2. Coordinating
3. Contracting
4. Establishing Trust
Ronald Coase
(19102013)
14
The Economics of Collaboration
Self-
Organization Distributed Value
Creation
Business Webs
VALUE
CREATION
Extended
Enterprise
Industrial Age
Traditional Corporation
Hierarchy
Physical Financial CRITICAL RESOURCES Networked Intelligence
15
The Big Seven: Open Networked Business Models for the Enterprise
1. Blockchain 2. The Rights 3. The Re-
Cooperatives Creators Intermediators
4. The 5. Animating the
6. The Platform 7. Bigger, Better
Blockchain Internet of
Builders Data
Supply Chain Things
16
CREATING A TRUE SHARING ECONOMY
17
Suber
18
The Big Seven: Open Networked Business Models For the Enterprise
1. The Peer 2. The Rights 3. The Re-
Producers Creators intermediators
4. The 5. Animating the
6. The Platform 7. Bigger, Better
Blockchain Internet of
Builders Data
Supply Chain Things
19
The Music Industry
20
The Music Industry Today: A Model of Inefficiency
2 Record Labels
1
3
ance Rig
hts Organizations 15 $1
Perform 14
Streaming 5
Services 11
10
9
13 Financial
Promoters
Intermediaries
4
Industry 12
Associations
8
Technolog Agents
6 y
Companie
s 7
5
01 -$0.1
Art
ist $0.00
21
22
The Golden Nine: New Tools to Fix a Broken Industry
1. Value Templates
$1 2. Inclusive Royalties
3. Transparent Ledgers
4. Micromonetizing & Micrometering
5. Rich Databases
6. Usage Data Analytics
7. Digital Rights Management
8. Auction/Dynamic
9. Pricing Reputation System $0.98-$1.00
Artist
23
The Big Seven: Open Networked Business Models For the Enterprise
1. The Peer 2. The Rights 3. The Re-
Producers Creators intermediators
4. The 5. Animating the
6. The Platform 7. Bigger, Better
Blockchain Internet of
Builders Data
Supply Chain Things
24
ENDING THE REMITTANCE RIP-OFF
25
A REINTERMEDIATOR: PAYCASE, Targeting the $60 Billion/year remittance
market
26
The Big Seven: Open Networked Business Models For the Enterprise
1. Blockchain 2. The Rights 3. The Re-
Cooperatives Creators intermediators
4. The 5. Animating the
6. The Platform 7. Bigger, Better
Blockchain Internet of
Builders Data
Supply Chain Things
27
Everledger: Tracing Ownership and Certifying Provenance of
Diamonds
28
The blockchain is the new supply chain
29
The Big Seven: Open Networked Business Models For the Enterprise
1. Blockchain 2. The Rights 3. The Re-
Cooperatives Creators intermediators
4. The 5. Animating the
6. The Platform 7. Bigger, Better
Blockchain Internet of
Builders Data
Supply Chain Things
30
The Internet of Everything Needs a Ledger of Everything
31
Old: Industrial Age Power Generation
32
NEW: Distributed micro-grids powered by blockchain
33
The Big Seven: Open Networked Business Models For the Enterprise
1. Blockchain 2. The Rights 3. The Re-
Cooperatives Creators intermediators
4. The 5. Animating the 6. The Platform 7. Bigger, Better
Blockchain Internet of Builders Data
Supply Chain Things
34
Rethinking Financial Services
35
The Golden Eight: Blockchain Transformations for the Financial Services
Industry
8. Account for & Audit Value
1. Authenticate &
Attest to Value
7. Insure Value &
Manage Risk
6. Fund & Invest 2. Transfer Value
3. Store Value
5. Exchange Value
4. Lend Value
36
Fund and Invest
OLD: Initial Public Offerings and Venture Capital
37
Fund and Invest
NEW: Initial Token Offerings
38
The Big Seven: Open Networked Business Models For the Enterprise
1. Blockchain 2. The Rights 3. The Re-
Cooperatives Creators intermediators
4. The 5. Animating the 6. The Platform 7. Bigger, Better
Blockchain Internet of Builders Data
Supply Chain Things
39
DATA FRACKING
40
dataminr.com
41
The Virtual You
42
43
44
PROSUMERS: Turning Customers into Producers
45
The Big Seven: Open Networked Business Models For the Enterprise
1. Blockchain 2. The Rights 3. The Re-
Cooperatives Creators intermediators
4. The 5. Animating the 6. The Platform 7. Bigger, Better
Blockchain Internet of Builders Data
Supply Chain Things
46
A CRISIS OF LEGITIMACY
47
1. TRANSFORMING CENTRAL BANKING
loudest advocates
After Britains referendum vote to leave the European Union, Brexits
into a caustic battle for
scurried from public view and the political establishment descended
for consistency, if
control. Emerging from the melee was Theresa May, who has a reputation
It needs bold,
little else. But Britain doesnt need a caretaker in these uncertain times.
innovative leadership.
of the Bank of
One person has quietly stepped up: Canadian Mark Carney, Governor
he can and should do
England. Mr. Carney acted quickly to stem the Brexit panic. Now,
more.
a depression, preserve
The list of challenges is daunting: prevent a recession from becoming
rship and make the
Londons pre-eminence as a financial capital, jump-start entrepreneu
ces, a central bank
British economy work for everyone, not just a few. In normal circumstan
would take on one or two of these. 48
BLOCKCHAIN AND CENTRAL BANKING
Cost and Efficiency
Inclusion and Performance
Transparency and Risk Reduction
49
2. MAKING E-VOTING A REALITY
50
2. MAKING E-VOTING A REALITY
51
Could Government Really Be an Early Adopter?
52
SHOWSTOPPERS: Why Blockchain Could Fail
1. The Technology is not ready for prime time
2. The Energy Consumed is Unsustainable
3. Government will Stifle or Twist It
4. Powerful Incumbents of the Old Paradigm will Usurp It
5. The Incentives are Inadequate for Distributed Mass Collaboration
6. Blockchain Is a Job Killer
7. Governing the Protocols is Like Herding Cats
8. Distributed Autonomous Agents Will Form Skynet
9. Big Brother is (Still) Watching You
10. Criminals Will Use it
53
How can a Digital Business Leader get started?
1. Education
2. Launch a pilot - think big, but start small
3. Hire or transition key blockchain IT talent to get going
4. Start now!
54
Second Half of the Chessboard
55
BLOCKCHAIN REVOLUTION:
Understanding the 2nd Generation of the Internet
and the New Economy
Alex Tapscott
TWITTER: @alextapscott
JAVITZ CENTRE
NEW YORK, NEW YORK
LENDIT NY 2017
56
