A regulated blockchain can empower governments, corporations, and people

Load Error Leading industry figures, who can be credited with creating some of the most well-known blockchain networks, have advocated the cause of decentralisation above all else. It needs to be constantly delivering value for people as part of their everyday experience if it is to gain their trust.  Understanding how we communicate as human beings is something of fundamental importance that has been totally missed by the people advocating for blockchain technology to date.  It is human nature to want to know and understand the person you interact with; this is how we come to trust, and then deal, with them. By advocating for anonymity and a lack of regulation above everything else, I believe that the blockchain and crypto industry has miscalculated a fundamental characteristic of who we are and how we like to do business. Governments must play a leading role in this unique triple layer consensus system, because they are the representative entities for all the individuals in a network. These super nodes can then interact with one another via a protocol that ensures consensus between them.  The role of government must extend to controlling registration and onboarding. Businesses and individuals would then be verified by the super nodes, at which point they can start to interact with other entities. These interactions would all be automated via smart contracts, making society’s transactions highly secure, more efficient, fully auditable, and bringing the benefits towhole economies. I believe that only a regulated blockchain, empowering all layers of society to interact in a mutually beneficial manner that has never been possible before, represents a future for this phenomenal technology to become an accepted and valued reality.