Tech transformation: Don Tapscott’s ‘Platform Revolution’ book review

Enterprise blockchain started to take shape in 2016, a time when companies like IBM began to leverage private networks for supply uniting management. It was moreover during 2016 that tragedian Don Tapscott wrote and published Blockchain Revolution, a typesetting that examines the way that blockchain will transform a number of industries.

Following the release of Blockchain Revolution, Tapscott — who is moreover co-founder of the Blockchain Research Institute — published Supply Uniting Revolution in August 2020. Given the timing of the book’s publication, Supply Uniting Revolution detailed the way the COVID-19 pandemic exposed glitches throughout supply villenage wideness the world, remoter explaining how blockchain could be used to solve these challenges.

Almost a year without the release of Supply Uniting Revolution, Tapscott has published his latest book, Platform Revolution. Unlike his other two books that explain what blockchain is and how it can be unromantic to whop unrepealable industries, Platform Revolution goes a step further, taking the thesis that blockchain has reached “platform status.”

Specifically speaking, Tapscott told Cointelegraph that blockchain has matured so much over the years that firms and industries are now towers new models upon blockchain as a “platform.” Moreover, Tapscott believes that blockchain has reached a “trivergence” point, making it the greatest technology of today’s digital age:

“There are lots of new technologies in today’s second era of the digital age, including strained intelligence, machine learning and the Internet of Things. In the end though, the greatest of these technologies is blockchain, which is ‘triverging’ with all of these other technologies.”

Understanding the trivergence of blockchain technology

Tapscott explains throughout the eight chapters of Platform Revolution the way that firms, supply villenage and sectors of the economy are towers upon blockchain as a platform to make remoter advancements.

In order to describe the trivergence of blockchain with AI, machine learning and IoT, Installment 1 of Platform Revolution discusses the way blockchain can secure the future of the digital age. In a nutshell, this installment talks well-nigh digital conglomerates like Facebook (now Meta) and Google, noting that these entities act as landlords for user data. “We create the data and these companies take it away. We are then left with scrutinizingly nothing — we can’t monetize our data or secure that data as our privacy is stuff undermined,” said Tapscott.

To solve this ongoing dilemma, Installment 1 explains the way that unshut access, pearly participation and self-sovereign identity on a blockchain network can modernize web access. In particular, the installment focuses on the way blockchain can solve the problem of manipulation, promote fairness, protect the rights of content creators and more. While this may be, Installment 1 moreover details why the trivergence of blockchain, AI and IoT will ultimately lead to Web 3.0. This is described as a network where billions of people, devices and decentralized voluntary organizations, or DAOs, will be worldly-wise to transact and unriddle data for largest visualization making.

The book’s second installment examines blockchain’s impact on big data. “Big data” is characterized here as a new windfall matriculation that may trump all other assets, given the notion that digital conglomerates have been privately stockpiling user data for years. Yet through encryption technologies like those found within blockchain networks, new privacy rights and property rights to data could very well be achieved.

Related: Book review of Don Tapscott’s collaborative ‘Supply Uniting Revolution’

Chapter 3 is an important section of Platform Revolution, as Tapscott and his co-author Anjan Vinod thoroughly examine the relationship between blockchain and AI. According to Tapscott and Vinod, AI is making blockchain one of the broadest technological revolutions ever. This installment explains the way blockchain can provide a decentralized infrastructure for the unshortened AI ecosystem. For example, it’s noted here that a decentralized blockchain-based solution may ensure a increasingly democratized, yet secure, ways for transmitting data required for AI models.

Chapter 4 remoter focuses on blockchain and IoT, noting that unfluctuating devices will require a ledger to learn and transmute to new things. “It’s where the rubber meets the road for blockchain,” writes Tapscott. While implementation challenges such as quantum computing are moreover mentioned throughout Installment 4, this section ultimately describes Web 3.0 as running in a distributed cloud, with a combination of decentralized public and private servers with whet computing capabilities.

The threat of quantum computing

While the impact of blockchain on voluntary vehicles is discussed throughout Chapters 5 and 6, ensuring that Web 3.0 remains distributed and quantum-proof is detailed in Chapters 7 and 8 of Platform Revolution. In particular, the quantum threat to the cybersecurity of global IT systems is analyzed.

For instance, Installment 7 notes that “There is a one-in-seven endangerment that a quantum computer will be commercially misogynist by 2026.” In turn, Installment 8 highlights the need for governance of standards minutiae at three levels: protocol, using and ecosystem.

Related: ‘Blockland’ typesetting review: Part gonzo, part Bitcoin-thriller, 100% recommended

The tragedian of Installment 8, Christian Keil, details in-depth the variegated layers of the blockchain technology stack, concluding that stakeholder involvement and the power of network effects are needed for standards development. “The blockchain polity needs a standard like OSI, with which cataloging, organizing, and communicating advances in this new technology might be made significantly easier,” writes Keil.

How blockchain relates to other technologies

Platform Revolution concludes with the notion that blockchain is still in its early stages and that its success will depend on how well the current challenges and opportunities are handled for its development. While it’s difficult to predict the future, Tapscott mentioned that the goal overdue Platform Revolution is to help people understand the way blockchain fits in with other technologies:

“This typesetting introduces the concept of trivergence, while explaining the relationship between blockchain, AI, IoT, big data and quantum computing. These are all topics people struggle to understand.”

This in mind, Platform Revolution is a must-read for individuals curious well-nigh the technologies within the second era of the digital age. For instance, while some may only be familiar with mainstream concepts like AI, Platform Revolution explains the way blockchain relates to strained intelligence and other popular technologies. 

The typesetting remoter underscores why blockchain will protract to serve as the windrow for industries, economies, supply villenage and other aspects of our lives. “These are all big technologies that everyone is talking about. Platform Revolution explains the way they fit together and why blockchain is inside to everything,” widow Tapscott.

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