Let's further discuss the following sectors and how decentralization impacts them:
- Stock markets: Let's take an example of stock markets to see how decentralization can impact this sector. Today's stock markets have modern computing and the internet has also sped up the transactions. In the modern stock markets that we have today, stock transfer agents are decentralized registrars who drag and share the ownership for issuers and the stock market, while the modern transfer agents use today's latest technology. But the same old centralized register model persists even today. Let's now look into the following challenges that we see in today's modern stock markets:
- The first challenge is that it is centralized ...