The lesson of 2016 shows that centralized corporate blockchains like Canton will be a hard sell.
- The article argues that centralized, permissioned blockchains favored by traditional financial institutions are unlikely to succeed, drawing parallels to a similar failed trend in 2016.
- It criticizes these 'databases controlled by a button' as lacking true decentralization and favoring corporate interests, predicting they will fail in the real world.
- The author suggests that decentralized blockchains like Ethereum will ultimately drive financial innovation, despite the current focus on enterprise solutions.
Topics: Blockchain usage, Institutional adoption, Legal regulatory, Private enterprise ledgers, Major financial incumbents, Securities law classification
Tags: #permissionedblockchains #decentralizedblockchains #cantonnetwork #jpmorgan #londonstockexchange #microsoftazure #omidmalekan #ethereum #blockchainnotbitcoin #tokenizedstocks