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Decentralization it seems to be more important than the blockchain itself. This is what a senior executive of Samsun NEX said during an interview with JAX on January 10th. During this interview, Ricardo J. Méndez, the technical director of Samsung NEXT, spoke about blockchain technology, decentralization and how it will affect the future of space.
Méndez explained it decentralization it is more important than the blockchain because this is only one more tool that can help in a decentralized context. However, he went on to say that an instrument is always less important than the instrument itself.
In general, companies are doing analysis and investments on blockchain technology to be used as a method to streamline processes rather than decentralize companies. In general, centralized institutions are more effective than other decentralized companies.
The director also talked about cryptocurrencies and how they interact with privacy and information. He said that most digital asses are completely decentralized and even 100% public.
By the way, Méndez commented:
"Peer-to-peer approaches require you to pass on your activity to peers, so they need an extra layer of privacy (like a VPN or a mixed network), which is why, as a sector, we need to improve in explaining users the compromises of the different approaches ".
Samsung is interested in blockchain technology and also digital resources. In October 2018, the South Korean giant began manufacturing a new 7nm chip known as the Low Power Plus (7LPP) process node.
This is one of the many initiatives that the company currently has. In December 2018, the company was looking for a British patent to create a digital wallet.
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