Blockchain Revolution by Don Tapscott & Alex Tapscott

Author:Don Tapscott & Alex Tapscott
Language: eng
Format: epub
Publisher: Penguin Publishing Group
Published: 2016-05-09T16:00:00+00:00

THE TWELVE DISRUPTIONS: ANIMATING THINGS

What possibilities are there for animating the physical world? Unlike Pinocchio, we don’t have a Blue Fairy. (And unlike Pinocchio, the blockchain doesn’t lie.) But today, right now, we have distributed ledger technology that will actually enable not only GE to “bring good things to life.” Even better, Pinocchio can’t go long-nose on the ledger.

We’re in the early days of thinking about the possibilities of the Ledger of Everything (built into the IoT). While consumer devices have received the most attention in the popular media to date, there are potential applications across virtually every sector. There are many ways of classifying and grouping potential applications because so many applications cross boundaries and could fit into more than one category. McKinsey, for example, uses the concept of settings in its classification of the IoT.20 We’ve identified opportunities for the Ledger of Everything in twelve major functional areas. Specific benefits—and the business case—will be specific to each application. The categories below illustrate the potential and the potential significant disruption to existing markets, players, and business models.

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