Entered August, it’s not enough if we don’t talk about independence and independence in the blockchain world. Do you know the rapid growth of the crypto industry in 2010 has turned a small independent business into a large company with thousands of employees and offices around the world!

 

The meaning of freedom in independence is the possession of power or the ability to act without coercion, the absence of obstacles, and the power to choose actions which are often seen in terms of basic freedom.

The ideology on world of blockchain and crypto assets is expressed in:

• Decentralization,

• Freedom, and

• Anonymity

Which has recently been tested and even questioned by some crypto companies. A new financial system, a more democratic, even more inclusive financial sector, in the future of the internet world. The crypto ecosystem has been described as all this.

The crypto industry has grown rapidly in recent years. Many companies operating in the crypto market have declared a commitment to these decentralized values. But of course, as crypto companies develop and become institutionalized investment businesses, their corporate governance practices will also change .

Many crypto are anticipating ‘decoupling’, in which digital assets become financially independent from traditional technology institutions. However, without a clear roadmap on how to differentiate between decentralized crypto technologies, the independence of the crypto industry will not be realized.

The bitcoin whitepaper, published 14 years ago, demonstrates, at the heart of the ambition to build a world of decentralized payments without regulation. However, the crypto asset ecosystem itself has not replaced traditional finance, and it is ingrained in it .
The result of major changes to change perceptions of crypto ends up growing and declining as traditional economies move and behave. This is evident from the Fed meeting memos and Amazon’s quarterly earnings calls, which currently, have a far greater impact on the crypto ecosystem than anything listed in Satoshi Nakamoto’s whitepaper.

The proverb ‘Rome was not built in a day’, is very fitting for blockchain which is still a fledgling industry, whose term is just entering its teens. The potential is still very large and wide to be explored. However, if blockchain believers are unable to exploit its benefits effectively, the core ethos of blockchain and crypto could be drowned out by the volatility of technology, geopolitics, and traditional financial regulation.

So what do you think?

It turns out that there are many discussions that we can discuss about independence on the blockchain system. Not only is it an exciting topic, but also because there are many different opinions and views that are controversial about blockchain. Don’t forget to give your opinion about this topic in the comments column!

See you in the next discussion!