Thursday, May 19, 2022

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 non-public networks for provide chain administration. It was additionally throughout 2016 that writer Don Tapscott wrote and printed Blockchain Revolution, a e book that examines the best way that blockchain will rework various industries.

Following the discharge of Blockchain Revolution, Tapscott — who can also 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 may very well be used to resolve these challenges.

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Nearly a yr after the discharge of Provide Chain Revolution, Tapscott has printed his newest e book, Platform Revolution. Not like 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 informed Cointelegraph that blockchain has matured a lot through the years that companies 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 in the present day’s digital age:

“There are many new applied sciences in in the present day’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 companies, provide chains and sectors of the economic 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 consumer information. “We create the information and these firms take it away. We’re then left with virtually 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 best way that open entry, truthful participation and self-sovereign identification on a blockchain community can enhance net entry. Specifically, the chapter focuses on the best way 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 Internet 3.0. That is described as a community the place billions of individuals, gadgets and decentralized autonomous organizations, or DAOs, will be capable to transact and analyze information for higher determination making.

The e book’s second chapter examines blockchain’s influence on large information. “Huge 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 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 properly 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 look at 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 all the AI ecosystem. For instance, it’s famous right here {that a} decentralized blockchain-based resolution could 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 comparable to 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 influence 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. Specifically, the quantum risk to the cybersecurity of world IT methods is analyzed.

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

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

The writer of Chapter 8, Christian Keil, particulars in-depth the totally 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 could be 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 phases and that its success will depend upon how properly the present challenges and alternatives are dealt with for its improvement. Whereas it’s troublesome to foretell the longer term, Tapscott talked about that the aim behind Platform Revolution is to assist folks 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, large information and quantum computing. These are all subjects folks wrestle to know.”

This in thoughts, Platform Revolution is a must-read for people curious concerning the applied sciences throughout the second period of the digital age. For example, whereas some could solely be acquainted with mainstream ideas like AI, Platform Revolution explains the best way blockchain pertains to synthetic intelligence and different standard 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 large applied sciences that everybody is speaking about. Platform Revolution explains the best way they match collectively and why blockchain is central to every part,” added Tapscott.