Don Tapscott’s “Platform Revolution” Book Review

Enterprise blockchain began to take shape in 2016, when companies such as IBM began to use private networks for supply chain management.Also in 2016, author Don Tapscott wrote and published Blockchain revolution, This book explores the way blockchain will change many industries.

After release Blockchain revolution, Tapscott-who is also the co-founder of the Blockchain Institute-published Supply chain revolution August 2020. Given the time of publication of this book, Supply chain revolution It details the ways in which the COVID-19 pandemic exposes global supply chain failures, and further explains how to use blockchain to solve these challenges.

Nearly a year after release Supply chain revolution, Tapscott published his latest book, The platform revolution. Unlike his other two books explaining what blockchain is and how to apply it to promote certain industries, Platform revolution Furthermore, the argument that the blockchain has reached the “platform state” is put forward.

Specifically, Tapscott told Cointelegraph that blockchain has matured so much over the years that companies and industries are now using blockchain as a “platform” to build new models. Moreover, Tapscott believes that the blockchain has reached the “trident” point, making it the greatest technology in today’s digital age:

“There are many new technologies in today’s second digital age, including artificial intelligence, machine learning, and the Internet of Things. But in the end, the greatest of these technologies is the blockchain, which is’developing’ together with all other technologies.”

Understand the trimeric nature of blockchain technology

Tapscott explains the entire eight chapters Platform revolution Companies, supply chains, and economic sectors use blockchain as a platform for further development.

To describe the triple integration of blockchain with artificial intelligence, machine learning, and the Internet of Things, Chapter 1 Platform revolution Discuss how blockchain guarantees the future of the digital age. In short, this chapter discusses digital conglomerates such as Facebook (now Meta) and Google, and points out that these entities act as owners of user data. “We create data, and these companies take it away. Then we have almost nothing — we can’t monetize our data or protect it because our privacy is breached,” Tapscott said.

To solve this persistent dilemma, Chapter 1 explains the ways in which open access, fair participation, and autonomous identity on blockchain networks can improve network access. This chapter pays special attention to how blockchain solves the problem of manipulation, promotes fairness, and protects the rights of content creators. Although this may be the case, Chapter 1 also explains in detail why the triple integration of blockchain, artificial intelligence, and the Internet of Things will eventually lead to Web 3.0. This is described as a network where billions of people, devices, and decentralized autonomous organizations or DAOs will be able to trade and analyze data to make better decisions.

The second chapter of this book explores the impact of blockchain on big data. Given that digital conglomerates have been storing user data privately for many years, “big data” is described here as a new asset class that may outperform all other assets. However, through the encryption technology in the blockchain network, the new privacy and data property rights can be well realized.

related: “Supply Chain Revolution” book review by Don Tapscott

Chapter 3 is the important part Platform revolutionJust as Tapscott and his co-author Anjan Vinod thoroughly studied the relationship between blockchain and AI. According to Tapscott and Vinod, artificial intelligence is making blockchain one of the most extensive technological revolutions in history. This chapter explains how blockchain provides a decentralized infrastructure for the entire artificial intelligence ecosystem. For example, it is pointed out here that a solution based on a decentralized blockchain can ensure a more democratic and safer way to transmit the data required by the AI ??model.

Chapter 4 further focuses on blockchain and the Internet of Things, and points out that connected devices will require a ledger to learn and adapt to new things. “This is where rubber meets the blockchain road,” Tapscott wrote. Although implementation challenges such as quantum computing are also mentioned in Chapter 4, this section finally describes Web 3.0 as running in a distributed cloud, combining decentralized public and private servers with edge computing functions.

The threat of quantum computing

Although the impact of blockchain on autonomous vehicles is discussed in Chapters 5 and 6, it is detailed in Chapters 7 and 8 to ensure that Web 3.0 remains distributed and quantum proof. Platform revolutionIn particular, the quantum threat to the network security of global IT systems is analyzed.

For example, Chapter 7 points out that “by 2026, quantum computers have a one-seventh chance of commercialization.” In turn, Chapter 8 emphasizes the need to govern standard development at three levels: protocols, applications Procedures and ecosystems.

related: “Blockland” Book Review: Part Gonzo, Part Bitcoin Thriller, 100% Recommended

The author of Chapter 8, Christian Keil, gave an in-depth detailed introduction to the different layers of the blockchain technology stack, and concluded that the standard setting requires the participation of stakeholders and the power of network effects. Keil wrote: “The blockchain community needs a standard like OSI, through which it can more easily catalog, organize, and communicate the progress of this new technology.”

The relationship between blockchain and other technologies

Platform revolution The final conclusion is that blockchain is still in its early stages, and its success will depend on the extent to which its development responds to current challenges and opportunities.Although it is difficult to predict the future, Tapscott mentioned the goal behind it Platform revolution It is to help people understand how the blockchain adapts to other technologies:

“This book introduces the concept of trivergence, and at the same time explains the relationship between blockchain, artificial intelligence, Internet of Things, big data and quantum computing. These are topics that are difficult for people to understand.”

Thought of here, Platform revolution For anyone curious about the technology of the second digital age, this is a must-read book. For example, although some people may only be familiar with mainstream concepts such as artificial intelligence, Platform revolution Explains the relationship between blockchain and artificial intelligence and other popular technologies.

This book further emphasizes why blockchain will continue to be the backbone of industry, economy, supply chain, and other aspects of our lives. “These are big technologies that everyone is talking about. Platform revolution Explains how they fit together and why blockchain is at the core of everything,” Tapscott added.