The Blockchain Will Revolutionise the Politics, Business and Finances of the Future

For Levi Samama, this technology will also be a potential tool in the fight against corruption

Blockchain Technology Revolution

The Canadian Don Tapscott, considered one of the most influential minds of the digital age, affirmed that the blockchain, the technology behind the bitcoin, will revolutionise the politics, business, and finances of the future.

This technology is, according to Don Tapscott, a “second age of the internet”.

The Blockchain has been defined as a record shared by millions of connected computers, where the transactions of two parties are registered and filed verifiably, permanently and anonymously without the need for intermediaries.

In this line, the creator of the term “digital economy” also spoke of the irruption of an Internet of value. “Until now we manage our values through large intermediaries: banks, credit card companies, governments, social networking companies, and they are able to trust each other,” Don Tapscott describes.

it represents a new platform on which we can trust each other without intermediary institutions. Additionally, he assured that trust is key in this process since it is transferred from intermediaries and is deposited in “cryptography through collaboration and intelligent software codes”.

Tapscott, author of more than 15 books, among which highlights his latest work entitled “Blockchain Revolution” (2016), written with his son Alex, said he works on a project to protect the property titles in the chain of blocks.

This man argued that this new reality in which cryptocurrencies circulate can be made available to unbanked people in the global economy so that they have access to financial services. Thus, these people “can send and receive money from their children who work in the United States and not be charged 20% commission but only 1%,” he said as an example of Latino immigrants in that US country.

Tapscott, a senior advisor of the World Economic Forum, explained in June of this year in the city of Dalian (China) the scope of the blockchain and advises the central banks of the world for the implementation of cryptocurrencies. In his opinion, this technology will change political systems and solve “the crisis of legitimacy we have.”

“Democracy is very broken in many countries, young people do not vote and that is a problem,”

he said.In addition, this technology could be a powerful tool in the fight against corruption. “The big problem is how political campaigns are financed, in the United States, 70% of congressmen’s time is spent raising money,” exemplified Tapscott, who ranks fourth in the prestigious Thinkers list50, which since 2001 has chosen the 50 brightest minds in the management area in the world.

Author Bio

CoaIiChain is a blockchain based political communication platform allowing transparent communication between the voter and the leader. The Coalichain team is derived from 20 experienced professionals in the areas of IT development, Blockchain, marketing, business development as well as political and research experts, along with a highly reputable board of directors. Coalichain is lead by Chairman and Co-CEO Levi Samama, a serial entrepreneur, founder of multiple successful startups and investor, along with Shay Galil, Co-founder , nd CTO coming from 20 years of experience in the high-tech industry, app development, and new media services for the political industry.

Leadership

Levi Samama — Co-founder and CFO

Shay Galili — Co-founder and CTO