Wall Street's Private Blockchain Obsession Is a 'Race to the Bottom,' Ethereum Advocate Raman Warns

Source Summary

An Ethereum advocate named Raman has criticized Wall Street's focus on centrally controlled, permission-only blockchain networks, characterizing the trend as a 'race to the bottom.' According to Raman, while such private networks have a role in finance, they should be built on transparent, open-source blockchain foundations to fully realize the benefits of blockchain technology.