Post
Topic
Board Economics
Re: The Decentralized Economy During COVID-19
by
hunter7519
on 12/07/2020, 11:02:04 UTC
This covid-19 has proven to be a humanitarian crisis and tragedy with dire economic consequences. Unprecedented declines in global trade and travel along with an ordered lockdown of a large proportion of the global workforce have led to drastic decreases in productivity, with uncertainty reigning supreme in markets.
In these tough times, the centralized economic processes have been heavily tested, and the cracks in these systems have become apparent.

Fraught with intermediaries and single points of failure, these systems aren’t structurally equipped to deal with crises. It is in light of these weaknesses that we must turn to the incorporation of distributed and decentralized systems and technologies into current systems and move towards a more decentralized economy.