Corporate blockchains risk obsolescence as they may not align with the foundational principles of the technology, claims Eli Ben-Sasson, CEO of StarkWare. He believes that these blockchains could see initial adoption but will ultimately falter as users reject a central governing authority.

“The important element of blockchain is a system that gets rid of a central entity. It comes at a cost: A very complex technology that’s hard to build and hard to use…”
— Eli Ben-Sasson

Corporate Blockchains’ Fate

According to Ben-Sasson, while the interest shown by corporations is a positive step, if user engagement remains low, these companies may quickly decide against pursuing blockchain solutions further. He suggests that corporate blockchains could provide temporary assistance for mainstream acceptance, yet they will likely be abandoned in the long run.

Community Perspectives on Blockchain Adoption

Discussions among blockchain enthusiasts reveal mixed feelings regarding corporate blockchains, with some arguing that businesses do not genuinely need such technologies and are merely reacting to market pressures. Others suggest that while corporations may develop blockchains, they might eventually turn over management to firms specializing in the technology.

For further insights, read about how corporate blockchain adoption could unfold in the coming years.