Is Blockchain a Revolution? -1

  Blockchain Revolution by Don and Alex Tapscott.

 Blockchain technology as typified by bitcoin has been a revolution comparable to the development of the internet, and is highly anticipated.

 A registry supported by the P2P network that records all transactions worldwide. It is also called "distributed model register" technology.

 They say that in contrast to the internet for information, blockchain is the Internet of "value and money", it is a trusted protocol. Distribution, public, high security are the key points.

 With smart contracts, open networked enterprises will become mainstream in the future. Government will also be open, the influence of for profit organizations will decline, leading to a more honest and transparent politics. Even if the creator does not look after the industry, receive can receive compensation for their work. Or so its is said that.

 All transactions will be completed individually, and if we extrapolate based on the assumption of a “decentered” world with no mediation at its core, nations and businesses will no longer be necessary.

 MIT media laboratory director Itou Joi president formed a digital currency initiative, by gathering together universities and research institutions around the world, and assembled a consortium of the world's leading banks, regarding finance and currency the trend  will continue to spread.

  The block chain is about the Internet in 1994, we can predict the how it will develop from here on.

  And I'm talking about hearing, because I do not understand how far I am still skeptical. While anticipating extraordinarily large possibilities, it lacks a sense of touch. It is because my understanding is poor, but the core of technology and the real image that it draws may not be solid.

  With the internet in 1994, the feeling of wonder was amazing. Previous communications were technologically overthrown, and brought with it overwhelming cost reduction. International calls which were 500 yen a minute became free. There was an explosion of communication, and an advance in the democratization of expression. All information is converted into data, and integrated contents are distributed on multiple devices.

  As a result, autonomous decentralization and democratization advanced, creation and dissemination of video and audio expression progressed, Atom = the space of reality is expanded into bits, new businesses are born, that kind of perspective is depicted. Furthermore, it was in 98 that we learned the that the bit advanced to the atom bia IoT. We could see the prospect of P2P advancing  to M2M soon.

  Compared to that, the impact of blockchain is still difficult to grasp. Although it is understood that bitcoin, as one of its technical applications, serves as a means to send money and a new kind of currency,  the essence of how blockchains will spread and be applied to all all areas remains at the abstract level even in this book.