Open AccessDecentralized finance as a challenge for the traditional financial system
Author(s) -
Volha Uladzimirayna Paliashchuk
Publication year - 2021
Publication title -
proektirovanie buduŝego. problemy cifrovoj realʹnosti
Language(s) - English
Resource type - Conference proceedings
ISSN - 2619-0109
DOI - 10.20948/future-2021-15
Subject(s) - business , finance , financial services , financial system
Today, financial system and all its services are completely centralized. Banks, exchanges, insurance companies and other financial institutions have someone in charge that controls these services. This centralized financial system, or CeFi, has its own risks. What if we decentralized the financial system in the same way that Bitcoin decentralized money?