We continue our Year in Review series with a piece by blockchain authors and speakers Don and Alex Tapscott.
While they believe that growing interest from a broad range of sectors made 2016 the most pivotal year for blockchain since Satoshi's white paper in 2008, it's the outlook for 2017 that warrants consideration.
The Tapscotts expect the trends of 2016 to continue into 2017, with new breakthroughs, wider applications and deeper adoption. The potential goes beyond financial services to include social impact, and will involve a resurgence of interest in public blockchains.
Yet for this to happen, they argue, there needs to be a focus on improving governance. Could the blockchain follow the example of the Internet and become a self-organizing set of communities?
(You can see more of our 2016 Year in Review series HERE.)
Construct, our invite-only developer summit, will take place this January in San Francisco. We're bringing together ~350 senior technologists from bitcoin, ethereum, hyperledger, and other blockchain communities, as well as related industries such as network security, identity + access management, and financial services. Want to come?
2016: The Year That Wasn't For Bitcoin *Year in Review*: Jim Harper, member of the Cato Institute and former global policy director of the Bitcoin Foundation, believes bitcoin will never replace gold as a safe haven, largely due to governance issues and a lack of social capital. Steps are being taken to redress this, however. Until that happens, he opines, bitcoin will not deliver on its true potential. Read more.
Analysts Predict Bitcoin Could Reach $800 in 2016's Final Weeks We polled a panel of experts, and discovered that most believe that the BTC price will end the year close to $800, with some predicting even higher. The cited sources of support include new money coming in, currency turbulence and bitcoin's relative price stability. Read more.
Coinbase User Asks Federal Court to Stop IRS Bitcoin Subpoena The IRS/Coinbase tussle just got more complicated. A Coinbase client has gone to court to stop the IRS from executing its subpoena of user data, alleging that it constitutes an "abuse of process". Read more.
The Price of Bitcoin Has Stayed Above $760 for 7 Days Not only has the BTC price stayed above $760 for the past seven days, but it also hit a 34-month high. Read more.
US Standards Body Establishes Working Group for Blockchain Tokens The US branch of XBRL, an international business reporting standards consortium, has joined forces with ethereum startup Consensys. The working group aims to develop standards for tokenizing assets on the blockchain. Read more.
We'd still like to get some more input for our survey. 😁
If you haven't yet responded, you're still in time to do so and have your name entered into a draw for a $100 Amazon gift voucher. Hmm, when I think of what I could do with one of those...
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