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Digital decentralization is just the beginning. The real world will follow

Published 12/20/2020, 01:36 PM
Updated 12/21/2020, 03:40 PM
Digital decentralization is just the beginning. The real world will follow

Decentralization is not a luxury; it is a necessity. In a prescient article in The Atlantic back in 2012, science fiction writer Bruce Sterling referred to the likes of Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) as “The Stacks,” predicting the insidious power grab that has happened in the last decade. As the giant tech companies consume more and more of our lives, the fact that technologies that enable us to push back against them are being developed is not only encouraging: it is essential.

Since Bitcoin (BTC) began the process of decentralizing payments in 2010, we have seen the process of disintermediation at work in many sectors, from decentralized identity and digital asset management to decentralized gaming and prediction markets.

Justin Banon is the CEO and co-founder of Boson Protocol, a project using smart contracts to power real-world commerce. Prior to this, Justin spearheaded the Travel Experiences Division of Collinson, where he managed a group of global loyalty rewards platforms including LoungeKey, Mastercard (NYSE:MA) Airport Experiences and Priority Pass. A physics graduate from Imperial College London, Justin also holds a master’s degree in e-business and innovation from Birkbeck College, University of London, and a master’s degree in digital currency from the University of Nicosia.

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