the changing face of blockchain By Cointelegraph


From cypherpunk to state contracts: the changing face of blockchain

Blockchain continues to occupy an unusual space in the contemporary tech sphere, with concepts such as “decentralization,” “transparency” and “immutability” continuing to slide between a purely technical meaning and a more overtly politicized one.

Certain blockchain advocates — at least, those still steeped in the libertarian ethos that survives the technology’s roots in the cypherpunk movement — continue to question the technology’s implementation for projects like government defense contracts, as well as its wider absorption into the traditional financial banking systems it was originally designed to circumvent.