Blockchain eating Wall Street? How about eating the world?

Back in the olden days of the early internet, this really smart guy, Don Tapscott, wrote an amazingly visionary book called The Digital Economy. He described a digital future that has largely come to pass in the past couple of decades.

Most recently, he collaborated with his son, Alex Tapscott, to write another interesting read, Blockchain Revolution. Once again, they describe an amazing future based on the emergence of blockchain tech – which technically isn’t all that new. It’s just becoming mainstream.

When you look at the implications across industries, including technology itself, there’s a massive rewrite coming of nearly every code base in existence. As protocols like IPFS come online, a new, truly distributed internet will be achievable.

What does that mean?

While the internet is “distributed” in a sense, it is a connection of many networks. Those networks exhibit varying degrees on a sliding scale of centralized to distributed. You still need a server to house a website’s code or an application database. This server (or clustered servers) represent a destination that a user must connect to in order to access the content or code.

In a distributed web, every computer connected to the internet becomes a node that stores a portion of all the data and content that exists on the network. Every computer a server in a way. This is called a peer-to-peer (P2P) network – where every system has a fragment of the objects on the system.

The entire internet, working as one integrated system. No more servers to get hacked. No more inaccessible content that gets a 404 error because the server was down.

This will create a radical transformation of tech as we know it. I’m excited!

 

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