What centralization does to businesses By Cointelegraph

What centralization does to businesses By Cointelegraph


Bans and brands: What centralization does to businesses

The failures of centralization in protecting individual and business data have been highlighted repeatedly over the past few years. Facebook (NASDAQ:), Google (NASDAQ:), Twitter, Microsoft (NASDAQ:), Sony (NYSE:) and many more have all faced large-scale data hacks that have exposed the private information (and more) of their customers. The problem is not just data theft — banks, financial institutions and cryptocurrency exchanges have all suffered at the hands of malicious actors.

Yet, huge amounts of information about our lives and livelihoods are still entrusted to centralized organizations, simply because that has always been the way things are done.

Wes Levitt is the head of strategy at Theta Labs, where he works on corporate strategy, marketing and press relations, and analytics. He has been a speaker on blockchain topics at conferences like the New York Media Festival, Blockchain Connect and NAB Streaming Summit, among others. Prior to joining Theta Labs, Wes spent eight years in investment roles in real estate equity and securitized debt. He holds a bachelor of science in economics from University of Oregon and an MBA from UC-Berkeley Haas School of Business.

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