In the TedTalk video Blockchain is Eating Wall Street, Alex Tapscott, author of "Blockchain Revolution", discusses how the software of blockchain is transforming financial services, business transactions, and ultimately, the world by eliminating the need for "trusted third parties" and the creation of the "Distributed Autonomous Organization (DAO)".
Video highlights include:
- blockchain can store, move and manage any assets,
- smart contracts without agents, lawyers and brokers,
- the Hyperledger Project,
- "7 Transformations for a Prosperous World",
- "8 Essential Financial Services",
- the current problems with accounting, and
- new forms of funding and investing like ICO's Initial Coin Offerings.