Alex and Don Tapscott — How Blockchain Is Changing Finance

Is this the end of banking as we know it? That depends on how incumbents react. Blockchain is not an existential threat to those who embrace the new technology paradigm and disrupt from within. The question is, who in the financial services industry will lead the revolution? Throughout history, leaders of old paradigms have struggled to embrace the new. Why didn’t AT&T launch Skype, or Visa create Paypal? CNN could have built Twitter, since it is all about the sound bite. GM or Hertz could have launched Uber; Marriott could have invented Airbnb. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. As with prior paradigm shifts, blockchain will create winners and losers. Personally, we would like the inevitable collision to transform the old money machine into a prosperity platform for all.

Harvard Business Review
How Blockchain Is Changing Finance
Alex Tapscott, Founder and CEO of Northwest Passage Ventures, a consultancy, advisory firm and investor in the blockchain industry and Don Tapscott, author of Wikinomics, The Digital Economy, and a dozen other acclaimed books about technology, business and society; according to Thinkers50, Don is the 4th most important living management thinker in the world; he is an adjunct professor at the Rotman School of Management, and Chancellor of Trent University. 

See also

McKinsey
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