PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1191736
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1191736
Technology is Offering a Digital Alternative to Transform the Finance Industry
Developers coined the term DeFi (defy) to illustrate eliminating regulatory parties and intermediaries from transactions, as multiple parties being involved in a transaction leads to low transparency and money loss for the user in a traditional financial system.
DeFi allows clarity and transparency, giving users confidence and an understanding of where their money is circulating. It is an open finance technology that supports financial transactions using cryptocurrency and blockchain. DeFi platforms are easily scalable; new products and methods of transactions can be easily built where rules and restrictions related to transactions can be minimized.
This Frost & Sullivan study offers an understanding of the following areas: