Don Tapscott’s ‘Platform Revolution’ book review

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Enterprise blockchain began to take form in 2016, a time when firms like IBM started to leverage personal networks for provide chain administration. It was additionally throughout 2016 that creator Don Tapscott wrote and printed Blockchain Revolution, a e book that examines the best way that blockchain will rework a variety of industries.

Following the discharge of Blockchain Revolution, Tapscott — who can be co-founder of the Blockchain Analysis Institute — printed Supply Chain Revolution in August 2020. Given the timing of the e book’s publication, Provide Chain Revolution detailed the best way the COVID-19 pandemic uncovered glitches all through provide chains internationally, additional explaining how blockchain could possibly be used to resolve these challenges.

Virtually a yr after the discharge of Provide Chain Revolution, Tapscott has printed his newest e book, Platform Revolution. In contrast to his different two books that designate what blockchain is and the way it may be utilized to advance sure industries, Platform Revolution goes a step additional, taking the thesis that blockchain has reached “platform standing.”

Particularly talking, Tapscott instructed Cointelegraph that blockchain has matured a lot through the years that corporations and industries at the moment are constructing new fashions upon blockchain as a “platform.” Furthermore, Tapscott believes that blockchain has reached a “trivergence” level, making it the best expertise of right now’s digital age:

“There are many new applied sciences in right now’s second period of the digital age, together with synthetic intelligence, machine studying and the Web of Issues. In the long run although, the best of those applied sciences is blockchain, which is ‘triverging’ with all of those different applied sciences.”

Understanding the trivergence of blockchain expertise

Tapscott explains all through the eight chapters of Platform Revolution the best way that corporations, provide chains and sectors of the financial system are constructing upon blockchain as a platform to make additional developments.

In an effort to describe the trivergence of blockchain with AI, machine studying and IoT, Chapter 1 of Platform Revolution discusses the best way blockchain can safe the way forward for the digital age. In a nutshell, this chapter talks about digital conglomerates like Fb (now Meta) and Google, noting that these entities act as landlords for person information. “We create the information and these firms take it away. We’re then left with virtually nothing — we are able to’t monetize our information or safe that information as our privateness is being undermined,” mentioned Tapscott.

To resolve this ongoing dilemma, Chapter 1 explains the best way that open entry, truthful participation and self-sovereign id on a blockchain community can enhance internet entry. Specifically, the chapter focuses on the best way blockchain can remedy the issue of manipulation, promote equity, defend the rights of content material creators and extra. Whereas this can be, Chapter 1 additionally particulars why the trivergence of blockchain, AI and IoT will in the end result in Net 3.0. That is described as a community the place billions of individuals, gadgets and decentralized autonomous organizations, or DAOs, will be capable of transact and analyze information for higher choice making.

The e book’s second chapter examines blockchain’s influence on huge information. “Large information” is characterised right here as a brand new asset class that will trump all different belongings, given the notion that digital conglomerates have been privately stockpiling person information for years. But by way of encryption applied sciences like these discovered inside blockchain networks, new privateness rights and property rights to information may very effectively be achieved.

Associated: Book review of Don Tapscott’s collaborative ‘Supply Chain Revolution’

Chapter 3 is a vital part of Platform Revolution, as Tapscott and his co-author Anjan Vinod completely study the connection between blockchain and AI. In accordance with Tapscott and Vinod, AI is making blockchain one of many broadest technological revolutions ever. This chapter explains the best way blockchain can present a decentralized infrastructure for the complete AI ecosystem. For instance, it’s famous right here {that a} decentralized blockchain-based resolution might guarantee a extra democratized, but safe, means for transmitting information required for AI fashions.

Chapter 4 additional focuses on blockchain and IoT, noting that related gadgets would require a ledger to be taught and adapt to new issues. “It’s the place the rubber meets the street for blockchain,” writes Tapscott. Whereas implementation challenges equivalent to quantum computing are additionally talked about all through Chapter 4, this part in the end describes Net 3.0 as operating in a distributed cloud, with a mix of decentralized private and non-private servers with edge computing capabilities.

The specter of quantum computing

Whereas the influence of blockchain on autonomous autos is mentioned all through Chapters 5 and 6, making certain that Net 3.0 stays distributed and quantum-proof is detailed in Chapters 7 and eight of Platform Revolution. Specifically, the quantum risk to the cybersecurity of worldwide IT techniques is analyzed.

For example, Chapter 7 notes that “There’s a one-in-seven probability {that a} quantum pc shall be commercially out there by 2026.” In flip, Chapter 8 highlights the necessity for governance of requirements growth at three ranges: protocol, utility and ecosystem.

Associated: ‘Blockland’ book review: Part gonzo, part Bitcoin-thriller, 100% recommended

The creator of Chapter 8, Christian Keil, particulars in-depth the completely different layers of the blockchain expertise stack, concluding that stakeholder involvement and the ability of community results are wanted for requirements growth. “The blockchain group wants a typical like OSI, with which cataloging, organizing, and speaking advances on this new expertise is perhaps made considerably simpler,” writes Keil.

How blockchain pertains to different applied sciences

Platform Revolution concludes with the notion that blockchain remains to be in its early levels and that its success will rely on how effectively the present challenges and alternatives are dealt with for its growth. Whereas it’s troublesome to foretell the longer term, Tapscott talked about that the objective behind Platform Revolution is to assist individuals perceive the best way blockchain matches in with different applied sciences:

“This e book introduces the idea of trivergence, whereas explaining the connection between blockchain, AI, IoT, huge information and quantum computing. These are all matters individuals wrestle to know.”

This in thoughts, Platform Revolution is a must-read for people curious in regards to the applied sciences inside the second period of the digital age. For example, whereas some might solely be aware of mainstream ideas like AI, Platform Revolution explains the best way blockchain pertains to synthetic intelligence and different common applied sciences. 

The e book additional underscores why blockchain will proceed to function the spine for industries, economies, provide chains and different facets of our lives. “These are all huge applied sciences that everybody is speaking about. Platform Revolution explains the best way they match collectively and why blockchain is central to every thing,” added Tapscott.