As blockchain technology continues to enter mainstream financial systems, Markus Kuhnert, founder and CEO of 1iO, has raised concerns about its core principles being overshadowed.

Ahead of the upcoming Benzinga Future of Digital Assets event, a BRANDGUARDIAN representative, responding on behalf of Kuhnert, emphasized the potential and challenges of blockchain’s growing role in finance.

Integrating Blockchain in Finance

The increasing adoption of blockchain by financial players, including Citi and JPMorgan, could offer advantages such as faster transactions and improved transparency. However, Kuhnert’s spokesperson highlighted a key issue: “When blockchain is centrally controlled, it loses its essence and potential.”

Blockchain was initially designed to decentralize transactions, removing the need for central …

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