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.
Describing distributed ledger technologies (DLT) as “a native digital medium for trust,” Tapscott asserted that blockchain allows anonymous individuals to trust one another without intermediaries for the first time.
“For the first time ever, people could trust each other peer-to-peer, and trust is not achieved by an intermediary, but by cryptography, collaboration, and some clever code.”Challenges to widespread adoptionDespite his optimism for blockchain technologies, Tapscott noted that blockchain still faces significant barriers to widespread use and acceptance.
Tapscott emphasized that DLT challenges “very deep structures” and multi-trillion dollar industries that will not disappear overnight.
Lastly, Tapscot noted that blockchain is still facing significant challenges in developing efficient and effective governance processes, citing Pindar Wong in stating:

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