Wall Street's private blockchain obsession is a 'race to the bottom,' Ethereum advocate Raman warns
60-second summary
Ethereum advocate Raman cautions that Wall Street's private blockchain obsession is a 'race to the bottom', warning that centrally controlled, permission-only networks lack transparency and openness, hindering the full potential of blockchain technology. This approach may stifle innovation and limit the benefits of blockchain, a crucial consideration for the industry's future growth and adoption.
Centrally controlled, permission-only networks have a role to play in finance, but need a transparent, open base to reap the benefits blockchain technology offers.