DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’
Alex Tapscott’s new book breaks down key DeFi concepts for business leaders. Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach $507 billion by 2028. Moreover, the total value locked within DeFi currently exceeds $75 billion, demonstrating fast-paced growth compared to previous months this year.Yet, DeFi’s potential may still not be realized by business leaders unfamiliar with the blockchain ecosystem. This notion is highlighted in Alex....
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Decentralized Finance (DeFi) is an umbrella term for providing decentralized financial services such as payments, lending, borrowing, investments, trading, insurance, and asset management using blockchain. The DeFi revolution’s genesis is placed in the need to reduce the involvement of intermediaries in finance and to do away with the limitations of national borders, bureaucracy, and latencies of the current day financial system. DeFi powers a borderless peer-to-peer digital ecosystem that is open, free, fair, and accessible to all. It is evident that crypto and DeFi are no longer fringe....
The deputy leader of the UK opposition, the Labour Party, has stated the government “must act” to secure the country’s digital progress. UK’s ‘World-Beating’ Digital Services Under Threat. Tom Watson, who was the UK’s first dedicated minister for digital engagement when Labour was in power, described government processes as undergoing a “digital....
Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes. However, DeFi is still in its infant stage, leaving room for scams, money laundering, and other criminal activities. Without secure solutions and educational services, DeFi could become more of a risky venture than an enriching opportunity for individuals and businesses. Here is where STACKD Finance steps in, to help develop DeFi into a safer, more....
Another hurdle financial services and institutions need to address is mainstream digital asset adoption. The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models. It is fair to say that digital assets have taken the financial services industry by storm. While the attention and investment from traditional finance in....
On August 24, members of the largest firms working on blockchain technology met with Don Tapscott at his Ontario summer compound for a three-day meeting to discuss the future of the blockchain. Tapscott, who is well-known for co-authoring Blockchain Revolution, believes the get-together could be the start of a new distributed ledger advocacy....