Crypto.com and Boston Consulting Group Release New Report on Decentralized Finance

Crypto.com and Boston Consulting Group  Release New Report on Decentralized Finance
фото показано с : blockchainnewstoday.com

2020-9-11 09:29

Decentralized Finance growth has been explosive. In the last year, the value locked into DeFi has increased 1500% to $8bn, according to DeFi Pulse. As analysts question how disruptive it will be to traditional finance, Crypto.com and Boston Consulting Group , have today, released a joint research report weighing the implications DeFi will have on centralised finance.

“The Sudden Rise of DeFi: Opportunities and Risks for Financial Services” explores the factors driving the growth of the DeFi industry, which is an Open Finance movement built upon public programmable blockchains such as Ethereum. DeFi’s proponents expect a disruption of mainstream financial services by allowing all aspects of financial services to be automated and performed by anyone, without a central authority or intermediary. The report tempers the anticipated potential of DeFi with an honest assessment of current challenges facing the industry and the underlying technology.

Regulation and governance have given the centralised finance (CeFi) industry an enormous proportion of the value generated from financial services. While DeFi may be perceived as a threat to CeFi, Crypto.com and BCG’s report offers a roadmap for financial services leaders to build a new generation of politically and technologically resilient financial solutions that are extremely valuable and more relevant in today’s digital economy.

Kris Marszalek, Co-founder and CEO of Crypto.com said: “Our joint research into DeFi provides a deep dive into the reasons behind its growth, differentiators against CeFi and its potential to disrupt mainstream finance. Whereas much existing research into DeFi is project-specific and crypto-centric, this report leverages both Crypto.com and BCG’s respective areas of expertise to deliver a comprehensive side-by-side comparison with incumbents in traditional finance.”

Kaj Burchardi, Managing Director with BCG Platinion said: “Whether companies choose to embrace decentralised finance or not, they still need to understand the impact it will have and track customer demand for autonomy, especially in payments, loans and exchange. By uncovering current levels of liquidity, charting the progress of regulation, and judging levels of risk – companies can continually assess whether services should be substituted for a more decentralised model. By partnering with Crypto.com, we have been able to advise companies with an honest appraisal on DeFi, giving them the tools to make informed decisions on its adoption.”

SOURCE Crypto.com

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decentralized Machine Learning (DML) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0009928 (-100%)

decentralized finance defi value locked 1500 analysts

decentralized finance → Результатов: 126


Фото:

Decentralized Finance, New Rules: This Protocol now lends Uncollateralized Loans

The cryptocurrency space is revolutionizing, with top-notch innovations taking the world by storm. To break away from the hurdles and bureaucracy of traditional financial institutions like banks in terms of raising capital, BNPL Pay plans to launch a decentralized lending platform to finance users through P2P lenders that are run on Ethereum. Now, what isRead More

2021-9-9 16:00


Фото:

Более 45 спикеров обсудят развитие DeFi на Decentralized Finance Global Summit

С 13 по 16 октября пройдет масштабная онлайн-конференция Decentralized Finance Global Summit 2020, на которой более 45 мировых экспертов поделятся своим опытом и знаниями о будущем быстрорастущей индустрии децентрализованных финансов (DeFi).

2020-10-1 16:26


Фото:

South Korean government gives tax break to blockchain trailblazers

The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia.

2019-1-10 17:26


Фото:

Discuss the future of payments at Hard Fork Decentralized

There are only five days left until Hard Fork Decentralized, our blockchain and cryptocurrency event in London, UK. If you’re interested in discussing the future of payments with industry leaders, we’ve selected some events you shouldn’t miss: Decentralized finance (University College London) The UCL Centre for Blockchain Technologies focuses on the impact of this tech on our socio-economic systems, as well as the promotion of a safe and organic development and adoption of blockchain-based platforms.

2018-12-7 19:14


Фото:

Can Merkle Mining Be the Next Step in Decentralized Token Distribution?

One of the critical characteristics that trump P2P networks like Bitcoin and Ethereum over traditional mechanisms of finance is their degree of decentralization. Having the authority to make decisions distributed equally among all the participating entities ensures an efficient and transparent mode of transactions, unlike centralized mechanisms where the power can be abused to wrong people en masse.

2018-12-4 12:00


Many Crypto Experts Think XRP is Not a Security, But What Happens if Ripple’s Coin is Ruled One?

Earlier in June, William Hinman, the Director of the Division of Corporate Finance in the SEC, declared that Ethereum is not a security. The announcement came as a reprieve to crypto investors. Speaking on Ethereum, Hinman noted that it operates on a decentralized network, rather than a typical centralized platform that usually offers securities. For […]

2018-10-30 23:14


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37