Senior executive at South Korean tech giant Samsung: Decentralization is a more important phenomenon than Blockchain

Decentralization is a more important phenomenon than blockchain, a senior executive at South Korean tech giant Samsung said in an interview with computing magazine JAX Jan. 10.

Speaking about the future of blockchain, Ricardo J. Méndez, Technical Director at the firm’s innovative technology arm Samsung NEXT, forecast a consolidation of the space in the coming year, but underscored the importance of reshaping centralized structures.

Asked whether he thought decentralization was more important than blockchain, Mendez replied:

“Without question. Blockchain is just one more tool, and one that can help in decentralized contexts, but a tool is always less important than the goal.”

The perspective places Samsung in a somewhat smaller group of tech businesses championing the more ideological aspects of the blockchain phenomenon.

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