An Ethereum advocate is warning about the risks of Wall Street's private blockchain obsession, stating it is a 'race to the bottom'. This is based on reporting from CoinDesk. 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.
The advocate, Raman, suggests that without this transparent base, the benefits of blockchain may not be fully realized. This perspective highlights the ongoing debate about the role of private blockchains in the financial sector.
Ethereum