Don Tapscott’s ‘Platform Revolution’ book review

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Don Tapscott’s ‘Platform Revolution’ book review

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 authors Don Tapscott and Alex Tapscott wrote and revealed Blockchain Revolution, a e-book that examines the way in which that blockchain will remodel numerous industries.

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

Virtually a 12 months after the discharge of Provide Chain Revolution, Tapscott has revealed his newest e-book, Platform Revolution. Not like his different two books that specify 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 informed Cointelegraph that blockchain has matured a lot through the years that companies and industries are actually constructing new fashions upon blockchain as a “platform.” Furthermore, Tapscott believes that blockchain has reached a “trivergence” level, making it the best know-how of as we speak’s digital age:

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

Understanding the trivergence of blockchain know-how

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

With a view to describe the trivergence of blockchain with AI, machine studying and IoT, Chapter 1 of Platform Revolution discusses the way in which 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 consumer information. “We create the info and these firms take it away. We’re then left with nearly nothing — we will’t monetize our information or safe that information as our privateness is being undermined,” stated Tapscott.

To unravel this ongoing dilemma, Chapter 1 explains the way in which that open entry, honest participation and self-sovereign id on a blockchain community can enhance net entry. Particularly, the chapter focuses on the way in which blockchain can resolve 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 finally result in Net 3.0. That is described as a community the place billions of individuals, gadgets and decentralized autonomous organizations, or DAOs, will have the ability to transact and analyze information for higher choice making.

The e-book’s second chapter examines blockchain’s impression on huge information. “Huge information” is characterised right here as a brand new asset class that will trump all different property, given the notion that digital conglomerates have been privately stockpiling consumer information for years. But by means of encryption applied sciences like these discovered inside blockchain networks, new privateness rights and property rights to information may very nicely 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 totally look at the connection between blockchain and AI. In line with Tapscott and Vinod, AI is making blockchain one of many broadest technological revolutions ever. This chapter explains the way in which blockchain can present a decentralized infrastructure for the complete AI ecosystem. For instance, it’s famous right here {that a} decentralized blockchain-based answer 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 study and adapt to new issues. “It’s the place the rubber meets the highway for blockchain,” writes Tapscott. Whereas implementation challenges corresponding to quantum computing are additionally talked about all through Chapter 4, this part finally 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 impression of blockchain on autonomous automobiles is mentioned all through Chapters 5 and 6, guaranteeing that Net 3.0 stays distributed and quantum-proof is detailed in Chapters 7 and eight of Platform Revolution. Particularly, the quantum menace to the cybersecurity of world IT programs is analyzed.

As an example, Chapter 7 notes that “There’s a one-in-seven probability {that a} quantum laptop will likely be commercially obtainable by 2026.” In flip, Chapter 8 highlights the necessity for governance of requirements improvement at three ranges: protocol, utility and ecosystem.

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

The writer of Chapter 8, Christian Keil, particulars in-depth the completely different layers of the blockchain know-how stack, concluding that stakeholder involvement and the facility of community results are wanted for requirements improvement. “The blockchain group wants a typical like OSI, with which cataloging, organizing, and speaking advances on this new know-how 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 depend upon how nicely the present challenges and alternatives are dealt with for its improvement. Whereas it’s troublesome to foretell the long run, Tapscott talked about that the aim behind Platform Revolution is to assist individuals perceive the way in which 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 subjects individuals battle to know.”

This in thoughts, Platform Revolution is a must-read for people curious in regards to the applied sciences throughout the second period of the digital age. As an example, whereas some might solely be accustomed to mainstream ideas like AI, Platform Revolution explains the way in which blockchain pertains to synthetic intelligence and different widespread applied sciences. 

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