Recently I was asked by my latest big client to start a new column. As always, not much money in it, but lots of good learning ahead.
It is a tech column. Specifically, it’s about financial technology, or fintech.
Square is fintech and Apple Pay is fintech. But they’re all fintech of a type we have had now for two generations, ever since the Los Angeles Chargers derived their name from a credit card, Carte Blanche. They’re taking existing payment networks and putting them inside cell phones, or providing access through the phones.
They’re not that exciting.
You know what is exciting? Blockchain is exciting. Over the next 10 years blockchain is going to kill more jobs than the self-driving car. (Don Tapscott, to the right, was an early blockchain advocate. Follow him on Twitter.)
At its heart, a blockchain is very simple. Think of a database. Now imagine that each entry in that database is encrypted. Now imagine that the entries are connected, just like entries in a database are often connected, but in the form of a general ledger.
Now you’ve got a blockchain.