Future of Decentralization

This Chapter examines the future of decentralization. While humans who were raised in a centralized world by default turn to centralized solutions for societal problems, decentralized approaches are more effective for global problems. Decentralized networks encourage interoperability through bureaucratic transparency. While the decentralized developer community is moving remarkably fast, inevitable improvements are still necessary. The chapter demonstrates that Bitcoin and Etherneum have provided primitive decentralized versions of currency and business con-tracts. The real task at hand is the construction of decentralized versions of all the rest of the institutions that business and society rely on. The chapter provides a guide for navigating the future decades of decentralization with a view towards the required experimentation with and failure of decentralized structures that help filter out the centralized impurities of a flawed understanding of decentralization