27th March Guangzhou-On the 2017 Guangzhou IEBE (International E-Business Expo)”Digital Economy Innovation Ecology”, Don Tapscott, “the father of digital economy” and author of “Blockchain Revolution” says: “Blockchain will be the most influential black technology in the next few decades” as reported by Guangzhou Daily , the most influential media in Southern China.

Don Tapscott is well known for his insights into digital world. In September 2016, he published the new book “Blockchain Revolution”, which offers panoramic depiction of the blockchain theory and application, detailing how the decentralized technology could disrupt the existing business model at the bottom layer. Back in 1994, his “Digital Economy” was the first book that described the virtual economy systematically.

Blockchain Revolution by Don Tapscott, CITIC

In 2016, all major players in the financial sectors and the Internet sectors have begun actively engaged in blockchain implementation. However in addition to the financial services industry, POC applications in other sectors are still in the experimental stage. The industry believes that in 2017 there may be a wave of blockchain apps on the horizon.

As the keynote speaker, Don Tapscott focused on the use of blockchain in future life and business applications, including social collaboration, digital copyrights protection, cross-border remittances, energy and other areas will undergo profound changes. He believes that

“In the future, the blockchain technology will lead to a new technological innovation and industrial change.”

When asked by a reporter: Why Amazon and other Silicon Valley companies do not talk about blockchain technology, but focus on cloud computing? “, Don answered:

“They do not like the existence of blockchain because Blockchain can destroy their business models. For example, if blockchain is integrated into a social platform, users can manage their own ID. Facebook will no longer have the advantage to manage user’s ID. We used to get valuable information through Google, but the emergence of blockchain is likely to replace Google’s presence. “

Don Tapscott on 2017 IEBE Guangzhou source twitter @dtapscott

However, the idea of blockchain technology is currently being suppressed by the tightening regulation of Bitcoin in China. There is no sign of Since the withdrawal suspension in February, the most recent update from major Chinese bitcoin exchanges like BTCC is that a new KYC/AML system is online and all users are required to go through the process again. Some users complained on 8btc forum that there are too much hassle to withdraw CNY from OKCoin.

BTCC relased upgraded KYC system on 24th March