Aurora Raman, an Ethereum advocate, has expressed skepticism about the increasing adoption of private blockchain technology by Wall Street institutions. According to Raman, these centrally controlled networks are a 'race to the bottom' that fails to leverage the full potential of blockchain tech.
Source
"Ethereum Advocate Criticizes Private Blockchain Adoption" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The issue with permission-only networks is that they lack transparency and openness, which are essential components for unlocking the benefits of decentralized ledger systems.
ETH · 7D · $2,642−0.7%