110 Corporate Blockchains Are Headed for a Massive Shakeout — And Coinbase Reportedly Has a Plan to Absorb Them

WHY IT MATTERS

Imagine if 110 different companies each built their own version of the internet, but most of them had barely any users. Eventually, most would shut down and move to the platforms that already have the most people and the best tools. That's essentially what's happening with corporate blockchains — private or semi-private networks that big companies built for their own use. Many of these chains are struggling because they don't have enough activity to survive on their own. Coinbase, which you might know as a popular crypto exchange, is reportedly planning to welcome these chains into its own ecosystem. Think of it like a big tech company offering to host smaller startups on its platform. This matters because it could make Coinbase much more powerful in the crypto world, but it also raises the question of whether too much control in one company's hands goes against the whole point of blockchain technology.