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Don Tapscott at TEDSummit 2016

Alex Tapscott at Ted San Francisco

Blockchain Revolution

Over 30 years, no theorist of the digital age has better explained the next big thing than Don Tapscott. For example, in Tapscott was the first to show how the Internet provides the first global platform for mass collaboration. Now, he writes about a profound technological shift that will change how the world does business—and everything else—using blockchain technology, which powers the digital currency Bitcoin.

The Internet as we know it is great for collaboration and communication, but is deeply flawed when it comes to commerce and privacy. The new blockchain technology facilitates peer-to-peer transactions without any intermediary such as a bank or governing body. Keeping the user’s information anonymous, the blockchain validates and keeps a permanent public record of all transactions.

That means that your personal information is private and secure, while all activity is transparent and incorruptible—reconciled by mass collaboration and stored in code on a digital ledger. With its advent, we will not need to trust each other in the traditional sense, because trust is built into the system itself.

Although many opportunities for the blockchain require a digital currency, Bitcoin is only one application of this great innovation in computer science. The blockchain can hold any legal document, from deeds and marriage licenses to educational degrees and birth certificates. Call it the World Wide Ledger. It enables smart contracts, decentralized autonomous organizations, decentralized government services, and transactions among things. The Internet of Everything needs a Ledger of Everything: the blockchain is a truly open, distributed, global platform that fundamentally changes what we can do online, how we do it, and who can participate.

Tapscott, writing with his son Alex, a financial analyst and technologist, argues that the blockchain will shape the next era of prosperity—in finance, business, healthcare, education, governance, and beyond.


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Book Reviews

In an article special to the Globe and Mail, Alex Tapscott writes Bitcoin is the mother of all cryptocurrencies, and the most famous of them. Created by a person or people using the pseudonym Satoshi Nakamoto, it defined the algorithms that enable the transfer of...

One of the great mysteries of modern life is the time it still takes for a check to clear. Every other financial transaction is being reduced to the tap of a phone or the press of a key. But checks take days to rumble their way from payee to the originating bank, days...

Father and son duo Don and Alex Tapscott have impeccable timing. Just as their new book, “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, And The World,” came out, ventures centered on blockchain, the technology behind Bitcoin,...

Blockchain today might be like the internet in 1993: a decade from now, you’ll wonder how society ever functioned without it, even though most of us barely know what it is today. Some fascinating blockchain sprouts are poking through these days, such as one company...

The Financial Times' John Gapper has reviewed Blockchain Revolution in the May 18th edition. The review examines the Tapscotts' predictions for future areas of...

Don and Alex Tapscott have published an article on Harvard Business Review about how the impact of the blockchain will not be limited to just banking, value transfer, and other financial services. They write: Much of the hype around blockchains has focused on their...

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Intuition rarely appears as a major, separate issue in the history of philosophy. It is rather an underlying theme that has been present at least since Plato . Plato was a thoroughly rational thinker. However, for him, knowledge culminated with the intuitive knowledge (Gk. νόησις [nóêsis]) of the Good, which he believes resides in the soul for eternity. In his dialogues, Meno and Phaedo, this form of knowledge is related to the notion of anamnesis , the process by which one regains consciousness of pre-existing knowledge that was hidden in the depth of one’s soul. Plato uses the example of mathematical truths to show that they are not arrived at by reasoning but present in our mind in dormant form and accessible to our intuitive capacity. Plato’s intuitive views were continued by the mystical Neo-Platonism of his later followers.

Though practically all philosophies contain some elements of both, rationalist philosophies stress the importance of reasoning in the quest for certainty, while irrationalism and forms of intuitionism stress the non-rational or irrational element that implies intuition.

For most thinkers, intuition and reason are complementary and are meant to work harmoniously in the human quest for truth and meaning, the issue being which element should be emphasized over the other. Others see that relationship as a paradoxical, even conflictual one, as evidence by French philosopher Blaise Pascal ’s assertion that “heart has its reasons that are unknown to reason.”

Mainline philosophical thought, at least in the West, has always emphasized clarity of rational thinking over intuition, whether that thinking was based on deduction from innate ideas (the great metaphysical systems ) or on sense experience ( British Empiricism ). However, there has always been a powerful, though less visible strand of more intuitive thought – schools of thought that emphasize the irrational or non-rational over the rational. In the middle ages , there was a powerful mystical trend represented, among other, by Meister Eckhart , Hilegard von Bingen, and Jakob Böhme . That view emphasized intuitive knowledge of God over rational knowledge or tradition.

In the philosophy of Immanuel Kant , intuition is one of the basic cognitive faculties, equivalent to what might loosely be called perception . Kant held that our casts all of our external intuitions in the form of space, and all of our internal intuitions (memory, thought) in the form of time. For Kant, then, intuition refers to the mental forms in which we perceive external phenomena (time and space). It has nothing to do with intuitive understanding as it is generally understood. Kant also denied that we possess what he called intellectual intuition, i.e., the capacity to intuit entities that are beyond the dimensions of time and space, hence beyond our experience. Such entities include God, freedom, and eternal life. For Kant, all that is said about these entities is empty speculation and it can never be the object of theoretical knowledge. It can neither be proved nor disproved. Kant, however, went on to state that, on moral grounds, it was legitimate for our mind to assume the reality of these entities and that the universe seems to imply a designer. Since this cannot be justified based on theoretical reasoning, it can be said that Kant nevertheless assumed some sort of intuitive knowledge about the ultimate, though he never called it such. His famous statement that the “starry heavens above and the moral law within" filled him ”with ever increasing wonder” can be taken as an expression of such intuitive insight.

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