Creator Of The Internet, Tim Berners-Lee In Favor Of Blockchain Technology
A recent report released by Crypto Insider revealed that Tim Berners-Lee discussed the future of blockchain technology with Vanity Fair, to which he stands all for it.
He expressed that his aim of creating the internet was done to give power to consumers without giving away control to anyone else but its users. He specified that the notion of decentralization has died in the Internet, with many giants like Facebook, Google and Amazon ruling over how things are done.
Here is an extract of what Tim Berners-Lee had to say:
“The spirit there was very decentralized. The individual was incredibly empowered. It was all based on there being no central authority that you had to go to ask permission […] that empowerment, is something we’ve lost. The power of the Web wasn’t taken or stolen. We, collectively, but the billions, gave it away. Facebook, Google, and Amazon now monopolize almost everything that happens online, from what we buy to the news we read […]”
Many experts have been comparing the start of the internet to that of the blockchain technology. Just like the blockchain’s current stance, the internet back in the days has been questioned by many big shots. Now that the internet is a big success, many believe that the blockchain will follow suit. To see that Tim Berners-Lee recognizes blockchain technology as an evolution will definitely comfort many crypto fanatics today.
What started off as “free or all” has now been centralized, will this also happen to blockchain technology in the long run?