Blockchain — What You Need to Know

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 15 June 2017

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Karim Lakhani, Harvard Business School professor and co-founder of the HBS Digital Initiative, discusses blockchain, an online record-keeping technology that many believe will revolutionize commerce. Lakhani breaks down how the technology behind bitcoin works and talks about the industries and companies that could see new growth opportunities or lose business. He also has recommendations for managers: start experimenting with blockchain as soon as possible. Lakhani is the co-author of the article “The Truth About Blockchain” in the January-February 2017 issue of Harvard Business Review.

Transcript

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0:00.0	Hey everyone it's Kurt we need your help with our annual survey this is your last chance to help us get to know you so we can make idea cast even better for you
0:09.8	it's easy just go to HBR.org
0:13.0	podcast survey.
0:15.0	Again, that's HBR.org.
0:17.0	And thanks for listening. Welcome to the H-Bcast from Harvard Business Review. I'm Sarah Green-My fault.
0:37.0	Think about the term driverless car. It's obvious what that means, right? It's a car without a person behind the wheel.
0:45.0	As new technology comes along, we often base our descriptions of the new about what we know of the old.
0:51.0	But someday, driverless car will sound as antiquated as the term
0:54.9	horseless carriage which of course is what cars were first called back when the
0:59.4	internal combustion engine displaced horses And actually that other word automobile or
1:05.7	auto mobile is probably better for the driverless vehicle of tomorrow than it ever
1:10.3	was for the car of yesterday.
1:12.6	But sometimes a technology comes along that's so new and so potentially groundbreaking
1:17.6	that it's hard to even describe with the language of the past.
1:20.8	Take Blockchain.
1:22.3	You might know that it's the revolutionary technology behind
1:24.8	the digital currency Bitcoin, but do you really know what it is? Can you describe
1:29.5	how it works to a friend? Do you know how it could change your industry, your business, even maybe your life?
1:36.2	Joining us now to help us understand this new technology and its profound implications for
1:40.3	commerce is Karim Lacani, professor at Harvard Business School.
1:44.0	He is also the co-founder of the HBS Digital Initiative.
1:47.8	Karim, thanks for talking with us.
	...

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