The Blockchain Paradox: Decentralization Through Centralized Institutions

[Jentot]

The Blockchain Paradox: Decentralization Through Centralized Institutions

Institutional adoption of blockchain can offer great benefits, as truly decentralized control often comes from the roots of centralization.

The power of blockchain technology to decentralize control of our financial economy is well documented. It is one of the cornerstones of the origins of the technology, with the genesis block of Satoshi Nakamoto’s Bitcoin (BTC) containing a reference to the 2008–2009 financial crisis: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

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