Don Tapscott is a Canadian business executive. He is the CEO of the Tapscott Group and the co-founder and Executive Chairman of the Blockchain Research Institute. And Alex Tapscott is a blockchain expert and entrepreneur, focused on the impact of technologies, such as blockchain and cryptocurrencies.
In this interview, Alex and Don Tapscott discuss the most successful use cases of blockchain technology and why CBDCs will need this technology to succeed.
According to tech Don Tapscott, Blockchain technology will be the most disruptive technology in the following decade, even more than social media. He also mentioned “We now have an Internet of value that can give us another opportunity to rewrite the economic power grid and the old social order”.
In this interview, Alex Tapscott mentioned three successful applications of blockchain technology; Stable coins, Decentralized exchanges and Fundraising.
Don Tapscott believes that the technology does not guarantee prosperity and freedom, but Humans do. He also mentioned that blockchain itself cannot be corrupted and the process can be corrupted, not the technology.
In conclusion, according to Tapscott, central banks will need to use blockchain to build their central bank digital currencies and blockchain technology could provide the degree of privacy, which CBDCs need if they are to replace cash.