TEL AVIV / LONDON (IT BOLTWISE) – The discussion about the future of corporate blockchains is gathering pace. StarkWare CEO Eli Ben-Sasson predicts the end of centrally controlled blockchains as they do not align with the decentralized ethos of the technology. Companies could soon withdraw from these projects if user acceptance fails.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The debate about the future of enterprise blockchains is in full swing. Eli Ben-Sasson, co-founder and CEO of StarkWare, recently expressed his belief that corporate-controlled blockchains will fail in the long term. The reason for this lies in the central control, which contradicts the decentralized basic idea of blockchain technology. This technology was originally developed to bypass centralized authorities and give users more control.
Ben-Sasson argues that while the complexity of blockchain technology is a challenge, it is also a necessity to ensure decentralization. Even as companies try to improve user experience through techniques like account abstraction, the underlying technology remains complex. This complexity could ultimately lead companies to abandon their blockchain projects if user adoption fails.
Some members of the crypto community are skeptical about new enterprise blockchains such as the Layer 1 blockchain Tempo introduced by Stripe. They fear that these projects will not bring the desired benefits because they do not offer the benefits of decentralization. Ben-Sasson believes that while companies can help spread blockchain technology in the short term, they will retreat in the long term if users do not adopt the centralized solutions.
Opinions are divided about the future of enterprise blockchains. While some believe that companies are only adopting the technology out of fear of falling behind, others believe that enterprise blockchains could be useful for the companies that operate them. However, the question remains as to whether these blockchains will survive in the long term without the benefits of decentralization.
*Order an Amazon credit card with no annual fee with a credit limit of 2,000 euros! a‿z
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Enterprise blockchains: future or dead end?”.
The post Corporate blockchains: future or dead end? appeared first on Veritas News.
