To Centralize or Decentralize: What is the Question? An Application to Digital Payments

Ron Berndsen, Ruth Wandhöfer

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

Computing in the general sense of the word has been centralized in
the early days of IFIP (1960s) with mainframe computers and became distributed
in later decades (1980s) with stand-alone personal computers. Then distributed
ledger technology was introduced and the arrival of Bitcoin emphasized the intention
in addition to distribution to also decentralize the system as much as possible.
In this article we focus on the meaning of centralized versus decentralized
computing and apply this to the world of digital payments.
Original languageEnglish
Title of host publicationUnimagined Futures – ICT Opportunities and Challenges
Subtitle of host publicationIFIP Advances in Information and Communication Technology
EditorsLeon Strous, R. Johnson, D.A. Grier, D. Swade
PublisherSpringer
Pages105-118
Number of pages14
Volume555
ISBN (Electronic)978-3-030-64246-4
Publication statusPublished - 6 Dec 2020

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