In the closing keynote for Virtual Blockchain Week, acclaimed author Don Tapscott argued DLT is the foundational technology of “the second digital era.”
To close out Virtual Blockchain Week, best-selling technology author and co-founder of the Blockchain Research Institute (BRI), Don Tapscott, delivered a presentation articulating what he describes as the shift from the internet of information to the internet of value.
In his presentation titled ‘Blockchain Revolution: The State of The Union,’ Tapscott argued that blockchain comprises the foundational technology that will underpin “the second era of the digital age.”
Transition to the second digital era
In writing the 25th anniversary edition of his 1994 best-selling book ‘Digital Economy,’ Tapscott noted that he “came to the conclusion that we’ve been through the first era of the digital age.”
Tapscott characterizes the first digital age as “the internet of information,” spanning technologies from “mainframes, mini-computers, PCs, the internet, the mobile web, social media, the cloud, [and] big data.”
Tapscott asserts that we are now transitioning into the second digital era, “where we have these extraordinary technologies infusing themselves into everything — into our physical world, into our processes, into our bodies.”
Double-spend problem defines first digital era
Tapscott argued that blockchain comprises “the foundational technology” of the second digital era:
“For 40 years … we have this internet of information,” stated Tapscot, adding: “But if I send you [...] some information [...], I'm actually not sending you the information, I'm sending you a copy.”
“But when it comes to assets, things that really matter in the economy, like money, and securities, contracts, deeds, and intellectual property, and the data on our identities, and the cultural assets — like art, or music, or votes, [...] sending a copy of those or copying those is a bad idea.