Don Tapscott’s ‘Platform Revolution’ book review

Enterprise blockchain began to take form in 2016, a time when corporations like IBM started to leverage non-public networks for provide chain administration. It was additionally throughout 2016 that writer Don Tapscott wrote and printed Blockchain Revolution, a guide that examines the best way that blockchain will rework numerous industries.

Following the discharge of Blockchain Revolution, Tapscott — who can also be co-founder of the Blockchain Analysis Institute — printed Provide Chain Revolution in August 2020. Given the timing of the guide’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 guide, 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 advised 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 know-how of immediately’s digital age:

“There are many new applied sciences in immediately’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 know-how

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.

To be able 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 consumer knowledge. “We create the info and these corporations take it away. We’re then left with virtually nothing — we are able to’t monetize our knowledge or safe that knowledge as our privateness is being undermined,” mentioned Tapscott.

To unravel this ongoing dilemma, Chapter 1 explains the best way that open entry, honest participation and self-sovereign identification on a blockchain community can enhance net entry. Particularly, the chapter focuses on the best way blockchain can clear up 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 Internet 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 knowledge for higher choice making.

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

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Chapter 3 is a crucial part of Platform Revolution, as Tapscott and his co-author Anjan Vinod totally study the connection between blockchain and AI. Based on 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 your 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 knowledge required for AI fashions.

Chapter 4 additional focuses on blockchain and IoT, noting that linked gadgets would require a ledger to study and adapt to new issues. “It’s the place the rubber meets the street for blockchain,” writes Tapscott. Whereas implementation challenges reminiscent of quantum computing are additionally talked about all through Chapter 4, this part finally describes Internet 3.0 as working 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 autos is mentioned all through Chapters 5 and 6, making certain that Internet 3.0 stays distributed and quantum-proof is detailed in Chapters 7 and eight of Platform Revolution. Particularly, the quantum risk to the cybersecurity of world IT programs is analyzed.

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

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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 neighborhood wants a normal 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 rely upon how effectively the present challenges and alternatives are dealt with for its improvement. Whereas it’s tough 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 guide introduces the idea of trivergence, whereas explaining the connection between blockchain, AI, IoT, huge knowledge and quantum computing. These are all subjects individuals battle to grasp.”

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 accustomed to mainstream ideas like AI, Platform Revolution explains the best way blockchain pertains to synthetic intelligence and different in style applied sciences. 

The guide additional underscores why blockchain will proceed to function the spine for industries, economies, provide chains and different features 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 little thing,” added Tapscott.