Abstract
In his 2016 book, Mougayar analogized the evolution of blockchain to the World Wide Web. He argued that before the Web, we had the Internet—the network connecting computers. The Web came along a few years later and was the first layer on top of the Internet and allowed us to put content on the Internet that was easy to visualize, publish on, and share. More features were added to the Web including ecommerce, communication, and social media. Blockchain technology is a new layer that sits on top of the Internet, yet doesn’t need the World Wide Web—it is on par with the Web. On the long-term, blockchain has the potential to be of the same magnitude of the Web as a space — similar to what the Web gave us back in 1993–1994. (Mougayar 2016).
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Attaran, M., Gunasekaran, A. (2019). The Evolution of Blockchain. In: Applications of Blockchain Technology in Business. SpringerBriefs in Operations Management. Springer, Cham. https://doi.org/10.1007/978-3-030-27798-7_2
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