The panel discussed how decentralization can bring data ownership back to the people to avoid incidents like the Cambridge Analytica data exploit.
With the convenience of centralization seemingly threatening the original crypto vision, decentralization will still help escape a potential dystopian future, according to a panel discussion at the DeData Salon 2022 conference held in Berlin, Germany.
Responding to the question, Claudius pointed out that decentralization is imperfect when it comes to the technological side of things. However, the Web3 executive believes that it is already working in terms of governance and cited“On the governance level, I believe decentralization we see today is already working, at least partially because there are so many people building and everyone can take a role in the governance process.
“There's definitely value in centralization for certain things. So making everything decentralized is like a kind of total anarchy. And there's also the other way around where total centralization is essentially a dictatorship.”
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