According to well-known business executive Don Tapscott, the technological development that will most affect the way we live in the next few decades is not the newest iPhone, or flying drones, or self-driving cars. It’s something many of us may not have heard of: blockchain technology.

Blockchain is the technology behind Bitcoin—a way of transferring assets instantly over the internet, using a complicated encryption system rather than intermediary organizations. Whereas traditionally the transfer of money across long distances has to go through banks, blockchain technology operates as a peer-to-peer network, eliminating the need for a middleman.

For Tapscott, what’s really amazing about this technology is its possibility to change the way wealth is created by giving more people easier access to financial capital. What’s really striking to us here at Cheetah Learning, however, is what blockchain technology tells us about how trust works today.

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