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Blockchain: The Insights You Need from Harvard Business Review

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Can blockchain solve your biggest business problem?

While the world is transfixed by bitcoin mania, your competitors are tuning out the noise and making strategic bets on blockchain. Your rivals are effortlessly tracking every last link in their supply chains. They're making bureaucratic paper trails obsolete while keeping their customers' data safer and discovering new ways to use this next foundational technology to sustain their competitive advantage. What should you be doing with blockchain now to ensure that your business is poised for success? "Blockchain: The Insights You Need from Harvard Business Review" brings you today's most essential thinking on blockchain, explains how to get the right initiatives started at your company, and prepares you to seize the opportunity of the coming blockchain wave.

Business is changing. Will you adapt or be left behind? Get up to speed and deepen your understanding of the topics that are shaping your company's future with the Insights You Need from Harvard Business Review series. Featuring HBR's smartest thinking on fast-moving issues--blockchain, cybersecurity, AI, and more--each book provides the foundational introduction and practical case studies your organization needs to compete today and collects the best research, interviews, and analysis to get it ready for tomorrow. You can't afford to ignore how these issues will transform the landscape of business and society. The Insights You Need series will help you grasp these critical ideas--and prepare you and your company for the future.

ISBN-13: 9781633697911

Media Type: Paperback

Publisher: Harvard Business Review Press

Publication Date: 09-17-2019

Pages: 160

Product Dimensions: 5.40(w) x 8.10(h) x 0.60(d)

Series: HBR Insights

Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 12 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more effectively and to make a positive impact. Visit hbr.org. Follow @HarvardBiz on Twitter; find us on Facebook and LinkedIn.Author social media/website info: Twitter: @HarvardBiz; hbr.org; Facebook: @HBR; Instagram: @harvard_business_review

Table of Contents

Introduction

Blockchain and the Data Integrity Revolution xi

Imagine a world in which data can't be corrupted, hacked, or lost Catherine Tucker

Section 1 Understanding Blockchain

1 The Truth About Blockchain 3

It will take years to transform business, but the journey begins now Marco lansiti Karim R. Lakhani

2 A Brief History of Blockchain 27

It's come a long way in 10 years Vinay Gupta

3 The Blockchain Will Do to the Financial System What the Internet Did to Media 33

What we can learn from the evolution of another groundbreaking technology Joichi Ito Neha Narula Robleh Ali

4 Who Controls the Blockchain? 43

No one, and everyone, by design Patrick Murck 43

5 How Safe Are Blockchains? It Depends 51

The security issues are different in public and private networks Allison Berke

6 What Blockchain Can't Do 61

Someone needs to verify the link between digital records and physical objects Catherine Tucker Christian Catalani

Section 2 Blockchain and Business

7 How Blockchain Is Changing Finance 69

It could reduce friction and costs Alex Tapscott Don Tapscott

8 As Cryptocurrencies Rise, Who Needs Banks? 77

It's a tough time to be a middleman Antonio Fatás Beatrice Weder di Mauro

9 Global Supply Chains Are About to Get Better, Thanks to Blockchain 85

We'll be able to track goods between companies and across borders Michael J. Casey Pindar Wong

10 What Blockchain Means for the Sharing Economy 93

The role of platforms will become less important Primavera De Filippi

11 How Blockchain Can Help Marketers Build Better Relationships with Their Customers 101

The technology can cut down on spam and fraud Campbell R. Harvey Christine Moorman Marc Toledo

12 Blockchain Could Help Artists Profit More from Their Creative Works 113

Movie studios and record companies should take note Don Tapscott Alex Tapscott

Section 3 The Future of Blockchain

13 Does Your Idea Actually Require Blockchain? 123

What Chinese #MeToo activism teaches us about data integrity Gatherine Tucker Yudan Pang

14 How Regulation Could Help Cryptocurrencies Grow 129

Entrepreneurs are sitting on the sidelines for fear of innocently running afoul of the law Stephen J. Obie Mark W. Rasmussen

15 Using Blockchain to Keep Public Data Public 135

Information is under attack Brian Forde

16 Blockchain Will Help Us Prove Our Identities in a Digital World 145

And the benefits will accrue to all rungs of society Michael Mainelli

17 Making Cryptocurrency More Environmentally Sustainable 153

In one year, blockchain activity used more power than 159 individual nations Marc Blinder

About the Contributors 161

Index 167