The Rise of the Internet of Value

The Era of Cryptography, Mathematics, Engineering and Behavioral Economics

According to Don and Alex Tapscott, authors of Realizing the Potential of Blockchain, the authors state that “The internet is entering a second era that’s based on blockchain. The last few decades brought us the Internet of information. We are now witnessing the rise of the Internet of value. Where the first era was sparked by a convergence of computing and communications technologies, this second era will be powered by a clever combination of cryptography, mathematics, software engineering and behavioral economics.” This is blockchain technology or distributed ledger technology. Blockchain promises to turn business models upside down and disrupt most industries. “It is pushing us to challenge how we have structured society, defined value and rewarded participation.”

 

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