"Centrality" for decentralization?

[CRYPTORALF]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

[1714498716]

1714498716

[1714498716]

1714498716

[bvg96634]

Many people willingly invest in projects that openly declare their centralization. I think it is much more important what benefit this project will bring and whether it will be of benefit to people or benefit to the government of New Zealand.

[Bonwin]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

[CRYPTORALF]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

I did study their page, but am not a pro (like you might be), so please enlighten me:

if they create a KYC where users use a single login for many dapps, how is that not centralization?

[ololajulo]

Many people willingly invest in projects that openly declare their centralization. I think it is much more important what benefit this project will bring and whether it will be of benefit to people or benefit to the government of New Zealand.

this the level of understanding is what we need as investors after the market trend in past few months but surprisingly we are still seeing all these distractions. The most important part of the technology behind cryptocurrency is the safety and convenience in transaction. Cryptocurrency has improved in terms of use case and there will some additions in the future will focus on the tokenomics than the technology.

[Bonwin]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

I did study their page, but am not a pro (like you might be), so please enlighten me:

if they create a KYC where users use a single login for many dapps, how is that not centralization?

Lol... I am also a learner. My assertion is only on the application and not the KYC they are subjecting their users to.
You earlier did not mention anything like KYC, but if that is the case and you are not comfortable with it, then you might just let go of it. I personally also do jot advocate giving out one's personal details for unknown persons and not even in a case like this.

The funny part of it is that, there are many projects out that, that profess to be decentralized, yet those who want to participate in them must be KYC compliant.

[Wysi]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

This is funny, we cannot be so quick to judge any project as we have seen many projects with awesome marketing tactics running away with investor's money or not reaching the exchange or betraying the bounty hunters by locking their token until it becomes worthless.  I am not talking about the content as there are other expertise who might be sharing their review but I am saying that the name does not play major role.

[CRYPTORALF]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

This is funny, we cannot be so quick to judge any project as we have seen many projects with awesome marketing tactics running away with investor's money or not reaching the exchange or betraying the bounty hunters by locking their token until it becomes worthless.  I am not talking about the content as there are other expertise who might be sharing their review but I am saying that the name does not play major role.

I didn't judge anyone - read again and see the questionmarks

[enhu]

Bad marketing really lol I don't know but whenever we see centralization, it always defy blockchain vision. They are going to have a hard time explaining every time to an investor why such name is given to a project. That alone will take time and the answers to the question already can change the minds of the investor.

They didn't even add that to the frequently asked questions.

[nelson4lov]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

I see your point. I don't see the problem that the project is trying to solve. We already have dozens of blockchain that supports the creation and management of dapps - ETH, EOS, Tron to mention a few already have functionality for dapps. Except centrality is bringing something new on the table, I don't see them excel in that niche. Also, the days of people investing blindly on a website idea is gone. We know how majority of Tokensales in 2017 went. Bad marketing too. Seems like they've run out of name😂

[CjMapope]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

hmm, interesting... wonder if they have an official thread here, this actually seems legit, they have active twitter and their blog has some good reads on it
I wonder the status of this, they are looking for a "head of blockchain" under their careers page  : /
Cmc ranking is dece, seems to be pumping lately too

[tenakha]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

I am not familiar with this project. But I should remind you that this project is not the first centralized project. Decentralization is no longer a highly valued factor for majority. The request by the central powers for regulation, the less attention given to DEXs can be seen as an answer to your question. To earn the paper money we want to move away, we sell the decentralization we want to move closer. Oddly enough, most of us are doing this now either compulsorily or willingly.

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Is that their marketing idea?

[enhu]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

I am not familiar with this project. But I should remind you that this project is not the first centralized project. Decentralization is no longer a highly valued factor for majority. The request by the central powers for regulation, the less attention given to DEXs can be seen as an answer to your question. To earn the paper money we want to move away, we sell the decentralization we want to move closer. Oddly enough, most of us are doing this now either compulsorily or willingly.

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Is that their marketing idea?

Not really their marketing idea but it shows how it can be bad for a decentralized sphere to have a name related to centralization. Its easy to say how misguided the people who invest to them without knowing what the project is.

The platform project however isn't a bad idea, in fact it ranked on the 48th of CMC as of writing this reply. The project is for startups to work each other.  

[huu78]

The blockchain is decentralized but if there are projects that want to make them centralization it's okay if the project they're way to is good and has innovations from the rest.
If their project does not generate benefits for users, it is likely that the future will be destroyed by their project because there is no such impact as the other Ethereum platform or Dapp.

[magneto]

I don't think that it's good naming either, but that's just the way it goes.

There are projects in crypto that are quite successful that have a degree of centralisation or even just flat out co-operate with banks anyways. It's not like crypto signifies complete decentralisation in the first place anyways.

Ultimately, it's the preference of the developers and team themselves - and if it doesn't concern them then there really isn't anything wrong with it.

[DaMut]

The more I read it the centralized it becomes. I have read their whitepaper and from my point of view it is not a decentralized project. They want to unite everything from start-ups, services, users, merchant and the rest into their ecosystem and using the ecosystem to move forward together.
One of their FAQ

Centrality is building a platform made up of core services. These core services will be the foundation for enabling a more equal and fair world for those that use DApps built on our platform. Right now, your data is owned by 4 big internet companies and they use it to make huge profits – they also use their power to shut down competition. We believe the Centrality eco-system will put people back in control of their data and allow smaller companies to succeed by working together, this allows for a fairer world for everyone.

[albrots]

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

This is a wise answer, does not directly state a good project or not, there must be research done first. This project is an innovation that needs to be supported. regardless of centralization or decentralization. Centrality creates ecosystems that will easily connect. The new experience will be felt by the user. The important thing is this project can be useful or not going forward. If it is not useful this project will be destroyed by itself.

[NathanJB]

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

This is a wise answer, does not directly state a good project or not, there must be research done first. This project is an innovation that needs to be supported. regardless of centralization or decentralization. Centrality creates ecosystems that will easily connect. The new experience will be felt by the user. The important thing is this project can be useful or not going forward. If it is not useful this project will be destroyed by itself.

It is odd to just judge a project by its name. What's in a name? Nothing really but a tiny idea of what it is. It is not everything. Everything is in the details. And it is not marketing per se. It is not bad marketing at all. Neither is it a bad name. And the project itself is able to survive and even make it to the top 50 with that name. But the project is also affected by the altcoin winter. It has a high negative ROI until now.

[efxtrader]

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

There are many projects that are actually centralized and usually projects like this are those that issue utility tokens. Utility tokens can be called as centralized because the amount of supply held by the developer team is very large compared to the supply circulation in the market so that there is a vulnerable price game

[lolgato1]

Maybe they mean something else with the world centrality. But name is not everything, look how successful Dogecoin is .