Frank Jablonski, Acronis Vice President of Global Product Marketing, talks about blockchain with Alex Tapscott, a co-author of Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.
Alex Tapscott: Blockchain technology started in the world of financial services, and it’s unsurprising, because in many respects, every part of the industry is due for some form of reinvention. Financial services were really just a start. But what I think blockchain’s lasting legacy will be is the impact that it will have on every single company and the nature of the firm in the future. Because what blockchain does in many respects, is reducing the transaction cost and the need for trust in interactions in business between different entities, whether it’s consumers and companies, or companies and companies, or companies and somebody else. And that’s going to mean a big change to a lot of different industries.