DeFi – Anything finance related that can be tokenized.

DeFi illustrates the power of smart contracts for financial services.

• The age of corporate data-sharing
• Tokenize invoices across supply chain
• Safely synchronize data
• Baseline as a Service
• Blockchain agnostic
• Ease of use
• Cost of ownership

Blockchain as a middleware to serve as a single source of truth.

Shifting gears: Driving enterprise DeFi adoption through tokenization

Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream.

https://cointelegraph.com/news/shifting-gears-driving-enterprise-defi-adoption-through-tokenization

The post Shifting Gears, Defi appeared first on Blockchain Insider.

• Celo leverage cryptographic tools and mobile phones to put financial instruments into the hands of the world’s unbanked.
• Compound reduce friction in financial markets, replacing it with speed, efficiency and openness.
• MakerDAO manage to keep something of a stable peg by way of incentives rather than physical backing.

In a way, each new project represents a new and different take on what the financial system can be — or even what it should be.

Centralizatin vs Decentralization – Finance

Further reading:

A better system allows for broad participation, bringing the ideals of open source and decentralization to a new, more fair and more equitable market structure.

How do we avoid simply recreating a new version of the same old system? The answer is part learning from the past, and part joining with and supporting the projects and teams who are truly building the financial future today.

Crypto has a chance to upgrade the legacy financial system

https://cointelegraph.com/news/crypto-has-a-chance-to-upgrade-the-legacy-financial-system

The post ROTD : Decentralized Finance appeared first on Blockchain Insider.

It’s not a matter of “IF” Crypto will take on the financial world, but rather just a question of “WHEN”.

You can either get left behind or prepare to become mega wealthy, because getting in on the boom of a lifetime is how generational wealth is made.

Right now, the bond market is about 3 times bigger than the stock market. Government bonds make up a large proportion of the secondary market, with a total value of $22.116 trillion across the world as of September 2018.

And cryptocurrencies are going to replace it.

Without getting too deep, cryptocurrencies allow contracts to be written that do not require middlemen.

In September 2018, Austria became the latest government to successfully trial blockchain platforms to issue government bonds. The trial follows in the footsteps of the Australian and Thai governments, both of whom developed blockchain bond issuing platforms earlier this year.

J.P. Morgan has also tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, of which the Canadian bank issued a $150m one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance, using blockchain technology.

Image Source: Pixabay

https://cointelegraph.com/news/government-bonds-how-blockchain-can-beat-the-red-tape

https://www.jpmorgan.com/country/MY/en/detail/1320566740924

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