In 2016, enterprise blockchain was born. This was when companies such as IBM started to use private networks to manage their supply chains. Don Tapscott, an author who examines how blockchain will transform many industries, published Blockchain Revolution in 2016.
Tapscott, who also co-founded the Blockchain Research Institute, published Supply Chain Revolution in August 2020. Supply Chain Revolution, which was published at the same time as Blockchain Revolution, detailed how the COVID-19 pandemic revealed flaws in supply chains around the globe. It also explained how blockchain could be used for these problems.
Tapscott’s latest book, Platform Revolution, has been published almost a year ago, just after Supply Chain Revolution was released. Platform Revolution is a book that goes beyond his previous books, which explain blockchain and how it can be used to advance certain industries.
Tapscott explained to Cointelegraph that blockchain technology has advanced so much in the past years that many industries and firms are building new models around it as a platform.
“There are many new technologies in today’s second era of digital age. These include artificial intelligence, machine-learning, and the Internet of Things. The greatest technology is, however, blockchain which is ‘triverging with all these other technologies.
Understanding the trivergence between blockchain technology
Tapscott discusses in eight chapters Platform Revolution how supply chains, firms and other sectors of the economy are using blockchain to make further advances.
Chapter 1 of Platform Revolution describes the convergence of blockchain, AI, machine learning, and IoT. This chapter focuses on digital conglomerates such as Google and Facebook (now Meta), noting that they act as landlords of user data. These companies seize the data that we create. Tapscott stated that we are left with very little — we cannot monetize or secure our data because our privacy is being compromised.”
Chapter 1 addresses this problem by explaining how open access, fair participation, and self-sovereign identities on a blockchain network can increase web access. Chapter 1 focuses on how blockchain can be used to solve the problem, promote fairness and protect rights of content creators. This may seem like a good idea, but Chapter 1 also explains why the convergence of AI, blockchain and IoT will eventually lead to Web 3.0. This network will allow billions of devices, people and DAOs to exchange and analyze data in order to make better decisions.
The second chapter of the book examines the impact of blockchain on big data. The book’s second chapter describes “big data” as an asset class that could outperform all other assets. This is due to the fact that digital conglomerates have been secretly stockpiling user information for many years. However, encryption technologies such as those used in blockchain networks could allow for new privacy rights and property rights.
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Chapter 3 is an important section in Platform Revolution. Tapscott and Anjan Vinod, his co-author, thoroughly explore the relationship between AI and blockchain. Vinod and Tapscott believe that AI is making blockchain the most important technological revolution ever. This chapter describes how blockchain can be used to provide an infrastructure that is decentralized for the entire AI ecosystem. It is noted that a decentralized, blockchain-based solution could allow for more democratic, but secure means of transmitting data necessary for AI models.
Chapter 4 focuses further on IoT and blockchain, noting the need for a ledger to allow connected devices to learn from and adapt to new information. Tapscott writes, “It’s the rubber meets the road to blockchain.” Although Chapter 4 also mentions implementation issues such as quantum computing, this section describes Web 3.0 as being run in a distributed cloud with a mix of public and private servers with edge computing capabilities.
Quantum computing is a threat
The impact of blockchain technology on autonomous vehicles is covered in Chapters 5 and 6. However, Chapters 7 and 8, Platform Revolution, discuss how Web 3.0 can be distributed and quantum-proof. Particularly, we will be discussing the quantum threat to global IT security systems.
Chapter 7 states, for example, that there is an “one-in-seven” chance that a quantum computing device will become commercially available by 2026. Chapter 8 explains the need to govern standards development at three levels, protocol, application, and ecosystem.
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Christian Keil, the author of Chapter 8, explains in detail the various layers of the blockchain technology stack. He concludes that standards development requires stakeholder participation and the power to harness network effects. Keil writes that the blockchain community needs an OSI standard to catalog, organize, and communicate advances in this technology.
What blockchain has to do with other technologies
Platform Revolution ends with the realization that blockchain is still very much in its early stages, and that it’s success will depend on how the challenges and opportunities that are presented for its development. Tapscott stated that Platform Revolution’s goal is to help people understand how blockchain works with other technologies.
This book introduces trivergence and explains the relationship between AI, IoT big data, quantum computing, blockchain, AI, IoT and AI. These are all difficult topics to grasp.
Platform Revolution, a book that explains the latest technologies in the digital age, is essential reading for anyone who is interested. Platform Revolution, for instance, explains how blockchain is related to AI and other popular technologies.
This book explains why blockchain will remain the backbone of industries, economies, supply chain, and all aspects of our daily lives. These are the big technologies everyone is talking about. Platform Revolution explains how they all fit together and why Blockchain is so important,” Tapscott added.