In-Depth Discussions regarding the Blockchain Revolution asserted by Don Tapscott and Alex Tapscott, 2016
![Project | BLOCKCHAIN REVOLUTION – SWOT Analysis [8/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-5011647.jpeg?w=800&h=800&crop=1)
Project | BLOCKCHAIN REVOLUTION – SWOT Analysis [8/9]
Summary ->> CONTEMPLATION ->> Closing II. SWOT ANALYSIS: WHERE DO WE SEE OPPORTUNITIES? So far, we have looked into important dynamics of the technology in various facets. Due to its newness of the technology and confusion rising from unprecedented novelty, we had much more to…
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![Project | BLOCKCHAIN REVOLUTION – Frictions [7/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-9169180.jpeg?w=800&h=800&crop=1)
Project | BLOCKCHAIN REVOLUTION – Frictions [7/9]
Summary ->> CONTEMPLATION ->> Closing FRICTIONS IN THE REAL WORLD Even if Bitcoin itself is difficult to hack, there does exist potential for security risks at various stages of the transaction process. 98 Bitcoins are held in wallets and traded through digital currency exchanges. There…
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![Project | BLOCKCHAIN REVOLUTION – Miners and Incentive Economics [6/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-6250937.jpeg?w=800&h=800&crop=1)
Project | BLOCKCHAIN REVOLUTION – Miners and Incentive Economics [6/9]
Summary ->> CONTEMPLATION ->> Closing MINERS ECONOMICS Becoming Miners (Nodes) Capital Intensive Investment Concentration Tendency (Mining Process, Capital and Geography) Decreasing Rewards and Profits Bitcoin Value versus Miners versus Security Implications on Other Consensus Models INCENTIVES (REWARDS) ECONOMICS Fixed Supply of Bitcoin as Incentives __________…
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![Project | BLOCKCHAIN REVOLUTION – Mining Economics [5/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-8358032.jpeg?w=1200&h=1200&crop=1)
Project | BLOCKCHAIN REVOLUTION – Mining Economics [5/9]
Summary ->> CONTEMPLATION ->> Closing (3) TECHNOLOGY ISSUE The technology space is getting matured but not yet ready for practical adoption due to its complexity and innate technological issues. “Bitcoin is created through an energy-intensive ‘mining’ process that uses high computing power to solve a…
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![Project | BLOCKCHAIN REVOLUTION – Closing [9/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-6771243.jpeg?w=1200&h=1200&crop=1)
Project | BLOCKCHAIN REVOLUTION – Closing [9/9]
Summary ->> CONTEMPLATION ->> CLOSING III. PROMISE VERSUS AS-IS We are observing exponential technological progress made on top of exponential technology development today. For this reason, what the authors observed and saw as a promise may be different as of today. Out of many revolutionary…
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![Project | BLOCKCHAIN REVOLUTION – Private Money and Leadership [4/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-3521353.jpeg?w=1200&h=1200&crop=1)
Project | BLOCKCHAIN REVOLUTION – Private Money and Leadership [4/9]
Summary ->> CONTEMPLATION ->> Closing CONTEMPLATION: SEEKING EVOLUTION OVER REVOLUTION The challenges the technology is facing internally and externally seem no small matters and, in certain aspect, it appears limitations far outweigh the potentials. In my opinion, there are a few fundamental issues that need…
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![Project | BLOCKCHAIN REVOLUTION – Challenges [3/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-2228741.jpeg?w=1200&h=1200&crop=1)
Project | BLOCKCHAIN REVOLUTION – Challenges [3/9]
SUMMARY ->> Contemplation ->> Closing IMPLEMENTATION CHALLENGES The world looks very different under the blockchain revolution. In some aspects, they sound too good to be true. If this new future is a great leap-up from our current reality, – especially in terms of economic inclusion of…
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![Project | BLOCKCHAIN REVOLUTION – Ten Areas [2/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-814544.jpeg?w=1200&h=1200&crop=1)
Project | BLOCKCHAIN REVOLUTION – Ten Areas [2/9]
SUMMARY ->> Contemplation ->> Closing THE TRUST PROTOCOL The main virtues the authors derive from the blockchain technology are represented by two words: Trust and Truth. ‘Trust’ by which two or multiple parties who don’t know each other transact the value(money) directly without relying on…
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![Project | BLOCKCHAIN REVOLUTION – Contents [1/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/img_7961.jpg?w=600&h=600&crop=1)
Project | BLOCKCHAIN REVOLUTION – Contents [1/9]
“Some scholars have argued that the invention of double-entry book-keeping enabled the rise of capitalism and the nation-state. This new digital ledger of economic transactions can be programmed to record virtually everything of value and importance to humankind: birth and death certificates, marriage licenses, deeds…
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![Project | BLOCKCHAIN REVOLUTION – References [Intro/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-1329328.jpeg?w=1200&h=1200&crop=1)
Project | BLOCKCHAIN REVOLUTION – References [Intro/9]
1. https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 (Jan 26, 2018) 2. 3. https://bitcoin.org/bitcoin.pdf (Oct 2008) 4. https://hbr.org/2017/01/the-truth-about-blockchain (Jan 2017) 5. https://www.bloomberg.com/view/articles/2018-01-17/bitcoin-isn-t-the-future-of-money (Jan 2018) 6. http://www.nber.org/papers/w19747 (April 2014) 7. Wikipedia https://en.wikipedia.org/wiki/Gold_standard#Abandonment_of_the_gold_standard 8. 9. https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 (Jan 26, 2018) 10. Mervyn King, The End of Alchemy, p61 (2016) 11. https://www.project-syndicate.org/commentary/bitcoin-long-term-price-collapse-by-kenneth-rogoff-2017-10 (Oct 2017) 12.…
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![Project | BLOCKCHAIN REVOLUTION – Terminology [Intro/9]](https://leadingbyreading.org/wp-content/uploads/2018/04/pexels-photo-5980598.jpeg?w=800&h=800&crop=1)
Project | BLOCKCHAIN REVOLUTION – Terminology [Intro/9]
Much of the noise and confusion can stem from unclear terminology. Here I define terms in general context. Bitcoin: the bitcoin network protocol. name of a cryptocurrency. “Bitcoin is a peer-to-peer version of electronic cash that allows payments to be sent directly from one party…
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