Join the #MITSloanExperts “The Truth Machine: The Blockchain and the Future of Everything” Twitter chat, February 28

The Truth Machine: The Blockchain and the Future of Everything, by Michael Casey and Paul Vigna

MIT Sloan’s Michael Casey and Wall Street Journal reporter Paul Vigna, authors of The Truth Machine: The Blockchain and the Future of Everything, will discuss their new book that examines applications of blockchain technology with the potential to provide new financial security, social change, and personal empowerment, during a Twitter chat on February 28th at 1 p.m. ET.

Michael Casey is a Senior Lecturer of Global Economics and Management at the MIT Sloan School of Management and Senior Advisor for the Digital Currency Imitative at MIT’s Media Lab, where he studies blockchain and its applications in the social and economic sectors. Additionally, Casey is a writer and researcher in the field of economics, finance, and digital-currency technology. Casey received his undergraduate degree from The University of Western Australia, his graduate diploma in Journalism from Curtin University of Technology and received his Master of Arts and English in 1994 from Cornell University.

Paul Vigna is a markets reporter for the Wall Street Journal, where he focuses on blockchain, bitcoin, and other cryptocurrency news. He has more than 25 years of experience in journalism and has authored three books to date. Vigna received his undergraduate degree from Fairfield University in 1990.

Casey and Vigna will discuss their work with Mark Hochstein, managing editor of CoinDesk and veteran business journalist with experience covering financial services and bitcoin innovations.

Join us on Twitter on February 28 at 1 p.m. ET, follow along using #MITSloanExperts, and potentially win a free copy of The Truth Machine: The Blockchain and the Future of Everything.

How blockchain technology will impact the digital economy–Christian Catalini

MIT Sloan Professor Christian Catalini

MIT Sloan Professor Christian Catalini

From University of Oxford Faculty of Law.

The Platform of the Future?

The survival of any organization depends on its ability to outperform competitors and marketplaces in attracting and rewarding talent, ideas and capital. As communication and transaction costs have drastically declined because of the internet, new platforms have emerged, delivering goods and services at a speed and efficiency previously unimaginable. These new digital players took advantage of the changes in the underlying technology to challenge established business models and rethink pre-existing value chains. The ones that succeeded did so because they achieved a level of efficiency that their brick and mortar counterparts had trouble replicating. Through online reputation and feedback systems, digital players were able to create global marketplaces where individuals, products and services could be matched more effectively than ever before. By providing curation and ensuring the safety of transactions, these new types of intermediaries were able to reap the returns of this first wave of digitization.

A similar transformation is about to happen as blockchain technology and cryptocurrencies mature and mainstream applications emerge. Under this new wave of technological change, intermediaries will still be able to add value to transactions, but thenature of intermediation will fundamentally change. Whereas some established players will be able to use this opportunity to further scale their operations, others will be challenged by new entrants proposing entirely new approaches to value creation and value capture.

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