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‘Corpo chains’ doomed unless they embrace crypto's ethos: StarkWare CEO

Cointelegraph
StarkWare CEO Eli Ben-Sasson believes corporate blockchains will fail long-term if they retain central control, contradicting crypto's core ethos.

Summary

Eli Ben-Sasson, CEO of StarkWare, asserts that blockchains created and controlled by corporations will ultimately fail because they contradict the fundamental blockchain principle of eliminating central entities. While he acknowledges that corporate adoption helps mainstream awareness, he predicts these chains will be abandoned by users within a few years due to technical complexity without the benefit of decentralization. Ben-Sasson argues that users will choose alternatives that offer self-custody and asset control. Some community members, however, suggest that many corporations are adopting blockchain due to FOMO, or that corporate chains might eventually transition control to native firms.

(Source:Cointelegraph)