TradFi equivalent
In traditional finance...
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TradFi equivalent
No perfect TradFi equivalent exists, since every shared network in traditional finance is ultimately owned by someone. The SWIFT network comes closest: shared messaging infrastructure that institutions connect to and operate through, governed collectively by its members rather than controlled by one.
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Analogy
In everyday terms...
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Analogy
GPS. No single company owns the satellite network, but anyone with a receiver can use it, and businesses like Uber and airlines build entire operations on top of it. The infrastructure is open and shared, even though no one controls it centrally.
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