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

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

By Cointelegraph
StarkWare CEO Eli Ben-Sasson said corporate blockchains will help with mainstream adoption, but long term, they will be abandoned if they try to retain control.

Article Details

**Corporate Blockchains Face Extinction Without Crypto Decentralization, Warns StarkWare CEO**

StarkWare CEO Eli Ben-Sasson delivered a stark warning to corporate blockchain initiatives, predicting their inevitable failure unless they embrace cryptocurrency's foundational ethos of decentralization. Speaking on the future of "corpo chains," Ben-Sasson acknowledged that corporate-controlled blockchains may initially accelerate mainstream crypto adoption by providing familiar, centralized structures for traditional businesses.

However, the blockchain technology leader emphasized that long-term success requires abandoning centralized control mechanisms that contradict cryptocurrency's core principles. Corporate chains attempting to maintain traditional governance models while leveraging blockchain infrastructure will ultimately be "doomed" as the market matures, according to Ben-Sasson.

This prediction carries significant implications for enterprise blockchain adoption and the broader cryptocurrency ecosystem. As Bitcoin and DeFi protocols continue demonstrating decentralized finance's potential, corporate blockchains must evolve beyond centralized frameworks to remain competitive. The StarkWare CEO's comments highlight the ongoing tension between traditional corporate structures and crypto's decentralized philosophy, suggesting that successful blockchain implementation requires fundamental shifts in organizational control rather than superficial technological adoption.

Article Details

Market Sentiment
neutral
Category
ethereum
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Ethereum#Technology

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