The internet has a habit of producing companies that dominate their industry because of network effects. The answer is the decentralization and openness that only blockchain technology affords, says EY’s Paul Brody.

How is it that we can have a global network for nearly instant communications that is astoundingly reliable and for which the cost of usage is nearly too cheap to meter and has been running for decades without interruption, but we need to pay 30% of our cab fare to a software company?

The internet as a whole is not radically simpler than ride-sharing. The only real difference is that one is run by a couple of centralized companies and the other is a decentralized and open network. This is not about being against capitalism or free markets, this about being against monopolies and the damage they present to our prosperity.