Latest Global Technology News

Interview with Blockchain Research Institute Founder Alex Tapscott

 
From startups to global corporate giants, many are joining in the race to use blockchain technolgy, a decetralized peer-to-peer system that enable transaction online.
 
For an expert's analysis of the industry and how Korean companies can make use of it, our business correspondent Kim Hyesung sat down with, Alex Tapscott, investor in blockchain startups, co-author of the best seller "Blockchain Revolution" and founder of the Blockchain Research Institute.
 
Take a look.
 
1. Blockchain, along with AI, robotics, and the internet of things, is considered to be at the core of the fourth industrial revolution, why is that?
What blockchain represents is a new evolution of the internet. For the first time in human history, we have a native digital medium for value that allows individuals, businesses and other institutions to move and store and manage assets, peer to peer in the same way that the internet allowed us to move and store information peer to peer. That obviously represents transformational capability for the economy.
 
If you think about certain industries like financial services, still rely a lot mostly on intermediaries middlemen like banks to sit in the middle and establish trust, verify identity and enable movement of value, and now we have a way to replace that.
 
2. The Korean government and business circles are also trying to use blockchain technology and experiment it in various areas like the voting system, logistics and retail. Where do you see blockchain become the biggest driving force here??
 
I think financial services, Koreans could reinvent banking and use it as a new platform for people to access customers outside of Korea and also to broaden services inside Korea, telecommuncations, if you look at manufacturing and industrial sectors, Korea's a huge industrial powerhouse, big companies like Samsung and LG and others, they could revolutionize their supply chains with blockchain.
 
blockchain revolution
 
3. What are some challenges that the blockchain technology needs to overcome so that more companies can use the technology and really create disruptions across sectors?
 
Well there are at least ten different challenges, there are so many actually that we dedicated a whole chapter in my book blockchain revolution to address each of these. the biggest ones today are number one is technology scalable to meet demands of companies and institutions, number two is how incumbents will react, what will existing companies do to stop or prevent this from growing. and then the third one of course, is governments and regulations, how do we create new rules or new policies to address the rate of change or innovation.
 
4. Any advice on the regulation front for the government?
Well, my only advice is that appreciate that as a government you have a lot of information but you may not have all information. and you have to work with other stakeholders, and they should consider working very closely with industries to create new regulations

Comments  

 
+1 #2 Mackenzie 2019-01-22 13:30
My spouse and I absolutely love your blog and find many of
your post's to be precisely what I'm looking for.
Does one offer guest writers to write content for you personally?
I wouldn't mind publishing a post or elaborating on most
of the subjects you write concerning here. Again, awesome web site!
Quote
 
 
+1 #1 Orlando 2019-01-10 23:06
You should take part in a contest for one of the highest quality sites on the web.
I most certainly will highly recommend this web site!
Quote
 

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Tech

Facebook to launch its own global cryptocurrency 'Libra' by 2020
Facebook to launch its own global cryptocurrency 'Libra' by 2020

  Facebook is set to launch a global cryptocurrency called 'Libra' by 2020.  [ ... ]

Read more la
World's first Quantum Computer IBM Q
World's first Quantum Computer IBM Q

  Scientists all over the world have been working to create a super computer tha [ ... ]

Read more la
Apple bids farewell to iTunes after 18 years, unveils new media apps
Apple bids farewell to iTunes after 18 years, unveils new media apps

  Apple has decided to shut down its iTunes music program after 18 years, …with  [ ... ]

Read more la
Apple and Google opposes UK's "Ghost Protocol"
Apple and Google opposes UK's

  In an open letter to Britain's Government Communication Headquarters,... 47 si [ ... ]

Read more la
Apple wins patent for foldable screen display
Apple wins patent for foldable screen display

  Apple has won a patent for a foldable screen display that could be applied t [ ... ]

Read more la
British firm ARM, Japan's Panasonic halt business with Huawei following U.S. ban
British firm ARM, Japan's Panasonic halt business with Huawei following U.S. ban

  More bad news for Huawei... as Japanese and British companies are looking to [ ... ]

Read more la
Demand for 'Meat' made from plants growing beyond vegetarian diets
Demand for 'Meat' made from plants growing beyond vegetarian diets

  Time now for our "Life & Info" segment... where we focus on information  [ ... ]

Read more la
WHO recommends steps to limit risk of Dementia
WHO recommends steps to limit risk of Dementia

  About 50 million people worldwide currently suffer from dementia and tha [ ... ]

Read more la
All-new Apple TV app available across the world in over 100 countries
All-new Apple TV app available across the world in over 100 countries

  The new Apple TV app launched Monday in more than 100 countries.   It [ ... ]

Read more la
Renewable Energy replacing Coal and LNG
Renewable Energy replacing Coal and LNG

  In the first quarter this year, renewable energy made up a record-high pro [ ... ]

Read more la
SpaceX Crew Dragon spacecraft explodes in test mishap
SpaceX Crew Dragon spacecraft explodes in test mishap

  The private aerospace manufacturer SpaceX, founded by Elon Musk, has confirmed [ ... ]

Read more la
Smart machines remotely controlled 8500km away through 5G
Smart machines remotely controlled 8500km away through 5G

  South Korea is aiming to become one of the leading players of the 5G industr [ ... ]

Read more la
Robots will take over 14% of jobs in 20 years: OECD
Robots will take over 14% of jobs in 20 years: OECD

  The OECD says robots will take over fourteen percent of jobs worldwide in th [ ... ]

Read more la
Disabled people to benefit from latest AI technology
Disabled people to benefit from latest AI technology

  Today is the national day for people with disabilities here in Korea.  [ ... ]

Read more la
World's first 3D heart with blood vessels using patient's cells
World's first 3D heart with blood vessels using patient's cells

  Researchers in Israel have printed the world's first 3D heart with blood v [ ... ]

Read more la
US makes extradition request for Julian Assange - arrested wikileaks founder
US makes extradition request for Julian Assange - arrested wikileaks founder

  Jennifer Robinson, the lawyer for Julian Assange, says she has received "a w [ ... ]

Read more la

La Latest

Partial lunar eclipse to be visible from much of the world on Tuesday and Wednesday

  A partial lunar eclipse will be visible from much of the world this week,... inc [ ... ]

Read more la
Samsung reportedly secures emergency supplies of 3 key materials targeted by Japan's trade curbs

Samsung Electronics has reportedly secured emergency supplies of three key materials tha [ ... ]

Read more la
England cricket heroes lift trophy after World Cup victory

  England's cricket heroes have been celebrating their World Cup win at the Oval tod [ ... ]

Read more la
Djokovic defeats Federer in an epic 5-hour clash at the Wimbledon final

  In an epic men's Wimbledon final on Sunday,... world number one Novak Djokovic cap [ ... ]

Read more la
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person

  A report by the Hyundai Research Institute projects the local coffee industry's  [ ... ]

Read more la
Fans arrive at Lord’s ahead of ICC Cricket World Cup final

  Former England cricketer Monty Panesar has said if England beat New Zealand in the [ ... ]

Read more la
Massive power outage in NYC stalls elevators, subway trains

  At least 45-thousand people in New York City are without power after a massive out [ ... ]

Read more la
British ambassador in Trump row resigns

  Sir Kim Darroch, the UK Ambassador to the US, has resigned over leaked doc [ ... ]

Read more la

La Entertain

Gigi Leung debuts at Sammi Cheng's sexy concert

On the night of 16 July 2019, Gigi Leung debuts at Sammi Cheng’s long-awaited and very sexy concer [ ... ]

Read more la
Brooklyn Beckham & girlfriend Hana Cross hold hands for Wimbledon Finals

On 14 July 2019, David Beckham’s eldest son Brooklyn Beckham (20) was spotted with his bosomy, leg [ ... ]

Read more la
Jackie Chan's daughter Etta Ng denies divorcing wife Andi Autumn

On 15 July 2019, rumours were swirling that Jackie Chan’s only daughter Etta Ng Chok Lam (19) has  [ ... ]

Read more la
Rainie Yang, Li Ronghao sexily married in bikini on summer cruise

Taiwanese songbird Rainie Yang (35) was so happy to hear that her boyfriend Li Ronghao was finally p [ ... ]

Read more la
Kim Soohyun completes military service; promises to share beautiful side of himself

On 1 July 2019 today, Kim Soohyun (31) shares that he has finally completed his military service and [ ... ]

Read more la
NY Yankees & Boston Red Sox goes to London

  The Duke and Duchess of Sussex meet the NY Yankees & Boston Red Sox ahead  [ ... ]

Read more la
Raymond Lam's new girlfriend, wife-to-be Carina Zhang Xinyue supports him in Shanghai

On 30 Jun 2019, Raymond Lam Fung (39) was holding a concert in Shanghai and his new model girlfriend [ ... ]

Read more la
Fan Bingbing & husband hopeful Li Chen breaks up

On 27 Jun 2019, Fan Bingbing officially announces that she is breaking up with boyfriend and almost  [ ... ]

Read more la