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In March 2020, IHS Markit Chief Economist Joel Prakken announced a popular consensus among economists that the financial stress stemming from the coronavirus epidemic will inevitably weaken 2020 economic growth. In just the past four weeks, over $4 trillion in household wealth has been wiped out in the public markets in the United States alone.
As retail investors and institutions brace for further volatility, there has been a consistent rise in the number of people looking to have more control over the situation. This includes personal finances, how their time is utilized, how to best assist people in need.
And in the midst of all this, there’s a trend of individuals and organizations disconnecting from centralized systems that may be doing more harm than good.
In a nutshell, decentralization can be defined as the transfer