Blockchain’s decentralized nature reduced the concentration of power thus limiting the power of one single entity lessening the threat of a single point of failure 


Indiana University

The top-down centralized hierarchies that make up most governments are slow to evolve and inherently inflexible. They rely on coercion and are prone to significant risks such as corruption, lack of transparency, and unequal distribution of power. Thus, this centralization of authority and power proves to be the single point of failure for the state. 

The State as a Single Point of Failure (SPOF)

Atzori, M. (2015). Blockchain technology and decentralized governance: Is the state still necessary?. Available at SSRN 2709713. https://doi.org/10.2139/ssrn.2709713

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