Cryptocurrency Networks Are Redefining the Role of Traditional Firms and Markets, Mathematician Explains | CryptoGlobe
Qiao Wang, a mathematician, engineer, and trader, recently published a post on Medium titled: “Crypto Networks and the Theory of the Firm.” In his writeup, Wang noted that cryptocurrency platforms could be increasingly used to “organize economic activity” in the future.
From the beginning of writing, the need to store and transmit data was imprencindivel for the evolution of the human species.
With data accumulation, processing was a necessity. Methods of cataloging, processing and access to data have become the focus.
With computing and the internet we have made another leap. Blockchain technology is the next step in this evolution.
Storage, processing, access and use of data. Lots of data, the big data.
Along with artificial intelligence and IOT. What will come next?
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Good thing firms are beginning to realize what crypto has to offer for the future.
Certainly. You need time to mature and evaluate the risks and benefits that can add to the business. Thanks for the comment.
Well the centralized companies must adjust nowadays, toherwise they will be left behind... The future of crypto is enorm and will surely a greast deal if these companies will change strategy and opt also for digital assets.
Eventually you will have to adapt. Or they stayed behind. Companies that do not follow technological developments tend to fall into ostracism, even more so with social and economic decentralization. Thanks for the comment.
This article makes a lot of good points.
I think the answer why they exist is because that is where power and control can be amassed.
One cannot have a lot of power in a decentralized system.
Sure. If one have a lot of power turn in a centralized system. Even so, in decentralization, the concentration of power by the miners, and by the stakes are still factors to be discussed. Changing the centralizer does not do much good. That's why I like DPO, and yet it is not exempt from the risk of centralization. Thanks for the comment.