This interview is the long-form version of a conversation with Alex Tapscott, Founder and CEO of Northwest Passage Ventures and Co-Author of the book “The Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World”. www.npvinc.com, www.blockchain-revolution.com
Clips from the interview
Not the solution to all the problems under the sun
“Over time, we’ll see its benefits and challenges.”
Showstoppers
Regulation, incumbents.
Efficiency vs. transformation
“If you only focus on cutting cost, you miss new opportunities of the technology.”
Generational shift
“Blockchain concerns all industries.”
Internet of things
“IoT is the best test case of blockchain.”
The end of capitalism
“Blockchain can challenge existing business because of zero marginal cost. This puts people out of business (Uber, etc.). We’re a long way off from idle humanity. These predictions happened in the past also. The future will hold surprises.”
Achieving the future
“Previous technology revolutions created value and problems. My hope is to address problems of the digital age: rising wealth, but not prosperity, Faustian bargain with data.”