Decentralized Blockchain?

And Asked for further comment.   Blockchain is still here. 

Decentraland: The Alleged Decentralization of Blockchain Applications

By Massimo Franceschet

Communications of the ACM, June 2023, Vol. 66 No. 6, Pages 45-47   10.1145/3563942

Inspired by a post by Moxie Marlinspike on the subject of Web3,5 I wish to elaborate on the promise of decentralization of blockchain applications. I will focus on two major use cases of blockchain technology, namely finance and art, which beg the questions: What does decentralization mean? Are blockchain finance and art truly decentralized? And if not, what are the forces that drive us toward centralization?

I am aware of the issue of centralization of existing blockchains. However, this topic is abundantly covered in the previous literature (a comprehensive entry point is Sai6). What is missing, or at least less approached, is a discussion on the level of effective decentralization of blockchain applications, in particular of finance and art. Therefore, I focus this Viewpoint on these applications.

Towards Decentralized Finance

Notable look at where this might be going.  Getting some reading that it is being much more broadly applied than expected.   But there remains some strongly based skepticism.  

Traditional Centralized Systems in Business & Finance

Blockchain is transforming the future of the financial industry, as well as many other businesses.

Posted by   Ryan Kh  January 19, 2021

Blockchain in finance

The Incredible Predictive Analytics Capabilities Of Blockchain

Blockchain is one of the most important technologies to shape the world. One of the biggest industries that has been affected has been finance.

The market for blockchain technology in the financial sector is expected to reach over $3 billion by 2024. The question many experts are asking is: “what factors are driving the growth in blockchain in the financial industry?”

Blockchain Transforms Financial Industry

The world constantly changes and evolves. Whether it is due to the environment or human innovation, life progresses. It is up to mankind to adapt and make the best out of the circumstances we experience. Life has its ups and downs, victors and victims, and challenges and opportunities.

In business, we learn about how the business cycle accurately imitates life. There are good times and bad times. There are even okay times. It is those times in business and life that people must embrace and learn from. They must learn to harness their strength to persevere through change to experience the beauty of it.

With all that being said, we are emerging in a period of evolution in a world plagued by troubling times. A time that will fully embrace the advancement of technology in all areas of life. A time that world leaders and innovators refer to as the fourth industrial revolution. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution. In the year 2009, a man under the alias of Satoshi Nakamoto invented the first digital currency called bitcoin and initiated the use of blockchains. ... '