The document discusses the Future of Trade Crypto Edition report published by DMCC. It explores how decentralized finance (DeFi) and blockchain technology could transform global trade in the future. Some key points made include:
- DeFi protocols and applications make it possible to create markets and connect market participants globally, opening doors for new users and businesses, especially in developing nations.
- Institutional interest and investment in DeFi signals it may accelerate trade growth and complement traditional finance by improving access to trade financing and reducing costs.
- However, standardization and regulation will be important to facilitate mass adoption of blockchain-powered trade finance solutions.
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Decentralized finance is a distributed financial system where there is no centralized governing body. Decentralized finance or DeFi applications utilize peer-to-peer finance networks. These networks are powered by decentralized and distributed platforms. The DeFi application ecosystem is vast and it includes various types of apps such as wallets, lending platforms, infrastructure development suits etc.
As there are many DeFi applications on the market, finding the top applications can be a difficult process. Here, we will discuss the top 5 DeFi applications – AAVE, Compound, MakerDAO, Synthetix, and MetaMask.
These are some of the widely utilized applications on the market. If you want to learn more about decentralized finance applications, then we have you covered. 101 blockchains feature a blockchain course that focuses on decentralized finance and will help you understand the working mechanism of this new financial structure.
Learn more about the course from here ->
Introduction to DeFi Course
https://academy.101blockchains.com/courses/defi-course
Learn about additional courses and masterclasses for the finance sector ->
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Enterprise Blockchains and Trade Finance Course
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
We also offer lucrative certification courses for professionals. Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Read our full guide on this topic ->
https://101blockchains.com/decentralized-finance-applications/
https://101blockchains.com/top-defi-protocols/
https://101blockchains.com/top-defi-wallets/
https://101blockchains.com/best-defi-asset-management-tools/
https://101blockchains.com/decentralized-finance-tools/
Cryptocurrency is a digital currency in which cryptography techniques are used to regulate the generation of units of currency and verify the transfer of funds.
- Cryptocurrency operates independent of any central authority or individual.
- The supply of money is regulated by software and the agreement of users of the system.
- Trust based on peer to peer consensus.
- Transactions are irreversible.
Overview-
1. What is cryptocurrency?
2. The Difference
The tabular comparison between Fiat or conventional currency and Cryptocurrency on parameters like durability, portability, type, security etc.
3. Why use cryptocurrency?
Fast and cheap.
Easy to use.
Free to transfer and hold.
Decentralized control- users are the only owner of cryptocurrency.
Central government can’t take it away and there are no chargebacks.
Privacy and Security – Anonymous payments
Due to no intermediary (such as Bank or Credit Card Company) users have freedom to transact.
Transparency is maintained through public ledger system.
Reduced Fraud – eliminates cases of credit card frauds.
4. Evolution of cryptocurrency
Evolution of cryptocurrency from 2009 to 2015. Major Cryptocurrencies include are Bitcoin, Namecoin, Litecoin, Peercoin, Monero and Capricoin.
5. Categories of cryptocurrency
Cryptocurrencies are divide into various categories based on what type of algorithm used, type of community, investor involved, according to usage and on speed of transaction.
6. Major Cryptocurrencies
List of major Cryptocurrencies Bitcoin, Litecoin, Ripple, Peercoin, Mastercoin, NXT, Namecoin, Quarkcoin, Worldcoin and Megacoin
7. Bitcoin
First popular Cryptocurrency Bitcoin founded by Satoshi comprehensive details.
8. Technology
Bitcoin utilizes the following technologies which are Distributed ledger technology, Mining, Mining hardware, Mining Software, Blockchain and Bitcoin wallets.
9. Transaction Process
A typical transaction process of a Cryptocurrency namely Bitcoin involving concepts like wallet, block, transaction block-chain and proof-of-work algorithm. It gives step by step procedure on how the transaction is carried out in the case of Bitcoin.
10. Benefits
Fast, Safe and cheap
Ease of use and highly portable
Untraceable (pseudo-anonymous transactions)
Transparent and neutral
Decentralized nature
Active involvement of users
Fewer risks for merchants
Freedom to transact
Low inflation and collapse risk
11. Risks
- Problems in implementation- Hardware restrictions (Computational inefficiency), Instability, Deflation, Lack of Replicability and Growing centrality.
- Risk and failure in policy- Money Laundering, Purchase of illegal goods
- Supporting criminal activity- BTC Theft, Malware, Scams
- Risk for consumers- Fewer Protections, Cost, Lack of awareness and understanding and Still Developing.
This is an academic presentation by Sameer Satyam.
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
An introductory presentation discussing the basics of technology behind blockchain, cryptocurrency mining, and an attempt to value a cryptocurrency. Further discussion on altcoins, and a preview on ICOs.
We are a Public Relations Company
We help:
FIND journalists
ATTRACT press coverage
EVERYTHING you need to start your campaign
Website:
https://press.farm/
Decentralized finance is a distributed financial system where there is no centralized governing body. Decentralized finance or DeFi applications utilize peer-to-peer finance networks. These networks are powered by decentralized and distributed platforms. The DeFi application ecosystem is vast and it includes various types of apps such as wallets, lending platforms, infrastructure development suits etc.
As there are many DeFi applications on the market, finding the top applications can be a difficult process. Here, we will discuss the top 5 DeFi applications – AAVE, Compound, MakerDAO, Synthetix, and MetaMask.
These are some of the widely utilized applications on the market. If you want to learn more about decentralized finance applications, then we have you covered. 101 blockchains feature a blockchain course that focuses on decentralized finance and will help you understand the working mechanism of this new financial structure.
Learn more about the course from here ->
Introduction to DeFi Course
https://academy.101blockchains.com/courses/defi-course
Learn about additional courses and masterclasses for the finance sector ->
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Enterprise Blockchains and Trade Finance Course
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
We also offer lucrative certification courses for professionals. Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Read our full guide on this topic ->
https://101blockchains.com/decentralized-finance-applications/
https://101blockchains.com/top-defi-protocols/
https://101blockchains.com/top-defi-wallets/
https://101blockchains.com/best-defi-asset-management-tools/
https://101blockchains.com/decentralized-finance-tools/
Cryptocurrency is a digital currency in which cryptography techniques are used to regulate the generation of units of currency and verify the transfer of funds.
- Cryptocurrency operates independent of any central authority or individual.
- The supply of money is regulated by software and the agreement of users of the system.
- Trust based on peer to peer consensus.
- Transactions are irreversible.
Overview-
1. What is cryptocurrency?
2. The Difference
The tabular comparison between Fiat or conventional currency and Cryptocurrency on parameters like durability, portability, type, security etc.
3. Why use cryptocurrency?
Fast and cheap.
Easy to use.
Free to transfer and hold.
Decentralized control- users are the only owner of cryptocurrency.
Central government can’t take it away and there are no chargebacks.
Privacy and Security – Anonymous payments
Due to no intermediary (such as Bank or Credit Card Company) users have freedom to transact.
Transparency is maintained through public ledger system.
Reduced Fraud – eliminates cases of credit card frauds.
4. Evolution of cryptocurrency
Evolution of cryptocurrency from 2009 to 2015. Major Cryptocurrencies include are Bitcoin, Namecoin, Litecoin, Peercoin, Monero and Capricoin.
5. Categories of cryptocurrency
Cryptocurrencies are divide into various categories based on what type of algorithm used, type of community, investor involved, according to usage and on speed of transaction.
6. Major Cryptocurrencies
List of major Cryptocurrencies Bitcoin, Litecoin, Ripple, Peercoin, Mastercoin, NXT, Namecoin, Quarkcoin, Worldcoin and Megacoin
7. Bitcoin
First popular Cryptocurrency Bitcoin founded by Satoshi comprehensive details.
8. Technology
Bitcoin utilizes the following technologies which are Distributed ledger technology, Mining, Mining hardware, Mining Software, Blockchain and Bitcoin wallets.
9. Transaction Process
A typical transaction process of a Cryptocurrency namely Bitcoin involving concepts like wallet, block, transaction block-chain and proof-of-work algorithm. It gives step by step procedure on how the transaction is carried out in the case of Bitcoin.
10. Benefits
Fast, Safe and cheap
Ease of use and highly portable
Untraceable (pseudo-anonymous transactions)
Transparent and neutral
Decentralized nature
Active involvement of users
Fewer risks for merchants
Freedom to transact
Low inflation and collapse risk
11. Risks
- Problems in implementation- Hardware restrictions (Computational inefficiency), Instability, Deflation, Lack of Replicability and Growing centrality.
- Risk and failure in policy- Money Laundering, Purchase of illegal goods
- Supporting criminal activity- BTC Theft, Malware, Scams
- Risk for consumers- Fewer Protections, Cost, Lack of awareness and understanding and Still Developing.
This is an academic presentation by Sameer Satyam.
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
An introductory presentation discussing the basics of technology behind blockchain, cryptocurrency mining, and an attempt to value a cryptocurrency. Further discussion on altcoins, and a preview on ICOs.
Crypto currency
Types of crypto currency
Crypto currencies are legal
Crypto currencies are safe
Advantages of crypto currency
Most popular crypto currency.
Stablecoin is a different type of cryptocurrency. These coins always have a stable price. As the prices of cryptocurrencies are highly volatile, stablecoin is a solution to this problem. Typically, the volatile nature of cryptocurrencies makes it impossible for companies to utilize them as an alternative to paper-based money. Thus, stablecoins can help out in that regard.
Typically, there are 4 types of stablecoin – Fiat-Backed Stablecoin, Commodity-Backed Stablecoin, Cryptocurrency-Backed Stablecoin, and Seigniorage-Style/Non-collateralized Stablecoin. All of these four types have different architecture and use cases behind them.
Even though there are many top stablecoins on the market, many tend to deal with lots of hurdles. For example, centralized nature, trust issues, regulations, and unstable nature are a few of the limitations.
If you are thinking about utilizing the power of stablecoins in your company or project, then we recommend starting with a solid blockchain course on the topic. 101 Blockchains is one of the leading educational networks where we offer the best of the best materials for your needs.
We have an array of masterclasses and courses on the topic, that you should definitely check out. Stablecoin Fundamentals Masterclass
https://academy.101blockchains.com/courses/stablecoin-masteclass
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Check out our certification courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Expert (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Check out our full guides on this topic from here ->
https://101blockchains.com/stablecoins/
https://101blockchains.com/stablecoin-vs-bitcoin/
https://101blockchains.com/list-of-stablecoins/
Blockchain technology is a distributed ledger platform that provides open and transparent transaction information with integrity and non-repudiation based on modern cryptography. It is also the technology behind many cryptocurrencies. This presentation will give fundamental knowledge on how blockchain works, its cryptography implementation, cryptocurrency definition and related terms and also blockchain use cases.
GDC Coin- Specialized Analysis For Professional Cryptocurrency TradingAjit Patil
GDC coin soaring value, growing popularity, security, safety, and fast processing has attracted a lot of people in the growing world of digital currencies. There are thousands of traders who base their trading decisions on GDC Coin technical analysis. A few nations have just begun utilizing it as a medium of trade. Get more detail:
Tokenisation is the process of converting rights to an asset into a digital token on a blockchain. There is great interest by financial intermediaries and technologists around the world in figuring out how to move real-world assets onto blockchains to gain the advantages of Bitcoin while keeping the characteristics of the asset.
Wrote a blog post on the same topic - https://blog.cofound.it/asset-tokenisation-a-primer-fbcc0393a944
Among the learning objectives:
A. Crypto-currencies :
• The definition, history and evolution of the thousands of
crypto-currencies in the market, with their pros and
cons.
• Getting, mining and trading using cryptocurrencies.
• The legal status of this new technology in Lebanon and
different countries of the world.
• The possible future of crypto-currencies.
B. Blockchain :
• The technology behind crypto-currencies : concepts,
history, security, pros and cons.
• Examples and case studies of Blockchain applications.
C. ICOs :
• A new way for raising capital for companies and start-
ups.
• History and ICO phases.
Cryptocurrency is just a digital assets which is based on blockchain technology and cryptography for any kind of digital transaction.
Cryptocurrency is a technological achievement but it is not in fully successful stage, it is in the developing stage.
in this slide, I am just focusing about what is cryptocurrency and how it works, that means how to buy, store, send and receive it and also I am discussing about the benefits and risks of the crypto currency.
Bitcoin - Introduction to Virtual Currency / CryptocurrencySwaminath Sam
The power point presentation talks about history of bitcoin and features, it also talks about how it works and what are all the challenges involved in using new innovative financial instrument...
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
Crypto currency
Types of crypto currency
Crypto currencies are legal
Crypto currencies are safe
Advantages of crypto currency
Most popular crypto currency.
Stablecoin is a different type of cryptocurrency. These coins always have a stable price. As the prices of cryptocurrencies are highly volatile, stablecoin is a solution to this problem. Typically, the volatile nature of cryptocurrencies makes it impossible for companies to utilize them as an alternative to paper-based money. Thus, stablecoins can help out in that regard.
Typically, there are 4 types of stablecoin – Fiat-Backed Stablecoin, Commodity-Backed Stablecoin, Cryptocurrency-Backed Stablecoin, and Seigniorage-Style/Non-collateralized Stablecoin. All of these four types have different architecture and use cases behind them.
Even though there are many top stablecoins on the market, many tend to deal with lots of hurdles. For example, centralized nature, trust issues, regulations, and unstable nature are a few of the limitations.
If you are thinking about utilizing the power of stablecoins in your company or project, then we recommend starting with a solid blockchain course on the topic. 101 Blockchains is one of the leading educational networks where we offer the best of the best materials for your needs.
We have an array of masterclasses and courses on the topic, that you should definitely check out. Stablecoin Fundamentals Masterclass
https://academy.101blockchains.com/courses/stablecoin-masteclass
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Check out our certification courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Expert (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Check out our full guides on this topic from here ->
https://101blockchains.com/stablecoins/
https://101blockchains.com/stablecoin-vs-bitcoin/
https://101blockchains.com/list-of-stablecoins/
Blockchain technology is a distributed ledger platform that provides open and transparent transaction information with integrity and non-repudiation based on modern cryptography. It is also the technology behind many cryptocurrencies. This presentation will give fundamental knowledge on how blockchain works, its cryptography implementation, cryptocurrency definition and related terms and also blockchain use cases.
GDC Coin- Specialized Analysis For Professional Cryptocurrency TradingAjit Patil
GDC coin soaring value, growing popularity, security, safety, and fast processing has attracted a lot of people in the growing world of digital currencies. There are thousands of traders who base their trading decisions on GDC Coin technical analysis. A few nations have just begun utilizing it as a medium of trade. Get more detail:
Tokenisation is the process of converting rights to an asset into a digital token on a blockchain. There is great interest by financial intermediaries and technologists around the world in figuring out how to move real-world assets onto blockchains to gain the advantages of Bitcoin while keeping the characteristics of the asset.
Wrote a blog post on the same topic - https://blog.cofound.it/asset-tokenisation-a-primer-fbcc0393a944
Among the learning objectives:
A. Crypto-currencies :
• The definition, history and evolution of the thousands of
crypto-currencies in the market, with their pros and
cons.
• Getting, mining and trading using cryptocurrencies.
• The legal status of this new technology in Lebanon and
different countries of the world.
• The possible future of crypto-currencies.
B. Blockchain :
• The technology behind crypto-currencies : concepts,
history, security, pros and cons.
• Examples and case studies of Blockchain applications.
C. ICOs :
• A new way for raising capital for companies and start-
ups.
• History and ICO phases.
Cryptocurrency is just a digital assets which is based on blockchain technology and cryptography for any kind of digital transaction.
Cryptocurrency is a technological achievement but it is not in fully successful stage, it is in the developing stage.
in this slide, I am just focusing about what is cryptocurrency and how it works, that means how to buy, store, send and receive it and also I am discussing about the benefits and risks of the crypto currency.
Bitcoin - Introduction to Virtual Currency / CryptocurrencySwaminath Sam
The power point presentation talks about history of bitcoin and features, it also talks about how it works and what are all the challenges involved in using new innovative financial instrument...
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
"Decentralized Finance (DeFi) Trends" by Liveplex covers a comprehensive analysis of the current state and future prospects of the DeFi sector. It addresses key aspects like technological foundations, major trends, challenges, and innovations within DeFi. Additionally, it provides insights into Liveplex's strategic positioning and future prospects in the evolving DeFi landscape, emphasizing its commitment to innovation, user-centric services, and regulatory compliance.
Hot new defi trends to stay an eye fixed on in 2022AmniAugustine
Technological advancements have appropriated the planet, and therefore the year 2022 has witnessed advances that might have otherwise taken years to progress. The pandemic may have taken a toll on our everyday lifestyle, but it's definitely fueled tech and innovation. a bit like the pandemic has given a push to technological advancements, digital currency trading is not any exception.
DeFi, or Decentralized Finance, is a blockchain-based financial ecosystem offering open and decentralized access to various financial services, bypassing traditional intermediaries. It emphasizes transparency, security, and inclusivity.
https://bitly.ws/WDkk
Decentralised Finance aims to democratise finance by replacing legacy, centralised institutions with peer-to-peer relationships that provide the full spectrum of financial services – from everyday banking services, loans and insurance to complicated financial contracts including derivatives-trading and asset-trading.
Decentralised Finance aims to democratise finance by replacing legacy, centralised institutions with peer-to-peer relationships that provide the full spectrum of financial services – from everyday banking services, loans and insurance to complicated financial contracts including derivatives-trading and asset-trading.
We're in the digital era. New strategies enable young people to work with current trends in practically every field to replace outdated ways. The Earth is drastically modified only after the virus COVID-19 dies
Decentralized Finance is an ecosystem of financial applications and protocols that runs on blockchain technology. Blockchain technology is inherently decentralized in nature. DeFi financial applications leverage this aspect and run without relying on intermediaries like banks, brokers or exchanges. Moreover, the backbone of all DeFi protocols and applications is smart contracts.
Decentralized Finance Catalysts of Transforming the Financial Servicesamanraza23
Unleash the revolution: Decentralized Finance, the unstoppable force reshaping financial services through blockchain innovation, democratizing access, and challenging traditional systems with limitless potential.
Experience the rapid evolution of the financial landscape with DeFi, a disruptive force revolutionizing traditional financial systems through blockchain technology. With core principles like decentralization, smart contracts, and open-source protocols, DeFi provides transparent, accessible, and permissionless financial services worldwide. Join us to explore the empowering principles driving DeFi development and its diverse applications, from decentralized lending and borrowing platforms to revolutionary DEXs and innovative yield farming opportunities.
Top 5 Latest DeFi Trends of 2024 by IntelisyncIntelisync
This presentation delves into the most significant trends shaping the Decentralized Finance (DeFi) landscape in 2024. Titled "Top 5 DeFi Trends of 2024," it is structured to provide a comprehensive overview of emerging technologies, key shifts, and future opportunities in the DeFi space. The presentation includes detailed slides, beginning with an introduction and concluding with a forward-looking summary.
This presentation offers a detailed exploration of the top DeFi trends for 2024, emphasizing sustainable growth, technological innovation, and increasing mainstream adoption. It serves as a valuable resource for DeFi enthusiasts, investors, and professionals aiming to navigate and capitalize on the evolving DeFi landscape.
Are you ready to harness the power of these emerging DeFi trends? InteliSync provides cutting-edge DeFi development services to help you stay ahead of the curve. Contact us today to learn how we can assist you in leveraging these trends to achieve your financial goals and technological advancements.
Get in touch with Intelisync today to revolutionize your DeFi projects and stay ahead in the decentralized finance ecosystem!
Cross-Chain DeFi : Maximizing Earnings Across Blockchainscryptolearn
Maximize your earnings across blockchains with Cross-Chain DeFi! Explore decentralized finance opportunities that transcend individual blockchains. Diversify your investments, leverage different protocols, and participate in the decentralized ecosystem across various chains. Unlock the full potential of DeFi by seamlessly navigating multiple blockchain platforms for optimal financial gains.
Decentralized finance is a secured financial network that allows the performing of numerous financial activities like lending, borrowing, and interest payment. This decentralized system has huge potential; many companies accept defi as a payment mode. Our company Sara Technologies Inc. offers customized DeFi development services, while the company has certified defi developers who are always available to assist you.
Why is Decentralized Finance (DeFi) No Longer Defiable_ - Bahaa Abdul Hussein...Bahaa Abdul Hussein
Bahaa Abdul Hussein is a Fintech expert and shares his experiences with his audience through his blogs.
We live in a world where centralized authorities are no longer a given. From FileCoin to Golem, decentralized finance (DeFi) is rising. But with more eyes on DeFi, comes greater scrutiny.
Blockchain the inception of a new database of everything by dinis guarda bloc...Dinis Guarda
Blockchain the inception of a new database of everything by Dinis Guarda blockchain age
Trends and questions?
1. Redefinition of banking and relation with Blockchain
Mobile App banking finance – mobile ledgers – blockchain identity
New products and the emergence of DAO products.
2. System Legacies in paralel with advanced tech - Ethereum.
3. Distribution Strategy in a new Digitalised World who own what.
4. Super computer Cloud base blochcain solutions / infrastructure.
5. Emergence of AI IOE in relation with blockchain all connected.
6. User Experience, UI, UE, Big data and the IOE blockchain touching.
7. Blockchain Cyber Security and Value Reinvention.
DeFinality - Crafting Institutional gateways to Decentralized Finance marketsFloyd DCosta
Blockchain Worx has developed an institutional DeFi framework and is collaborating with partners to craft enterprise gateway into decentralized finance markets. Securely aggregating DeFi protocols, along with integration into enterprise systems, enables compliant institutional participation in DeFi.
Innovative DeFi Development Services Shaping Tomorrow's FinanceDavid Taylor
Explore the groundbreaking world of decentralized finance (DeFi) through our article, "Innovative DeFi Development Services Shaping Tomorrow's Finance." Delve into how DeFi is revolutionizing traditional banking, providing users with greater autonomy by eliminating intermediaries. Uncover why DeFi is hailed as the future of finance, witnessing exponential growth and meeting evolving user preferences. Discover the intersection of DeFi and Web 3.0, ushering in a new era of transparency, decentralization, and resilient financial infrastructure. Learn about the crucial role played by DeFi development services, crafting the backbone of decentralized ecosystems and propelling the finance of tomorrow. Join us on this transformative journey toward a decentralized, inclusive, and technologically advanced financial landscape.
Similar to Future of Trade 2021 Crypto Edition (20)
The "Future of Trade 2024: Snapshot" report by DMCC explores the transformative changes and emerging trends in the global trade landscape. As the fifth edition of DMCC's biennial flagship report, it highlights how shifting political and economic alliances, technological advancements, and sustainability initiatives are reshaping trade dynamics. Key themes include the rise of regionalization due to geopolitical tensions, the reconfiguration of supply chains, the integration of AI, and the drive towards carbon net-zero.
The report underscores the significance of adapting to new realities, such as the "chip war" between the US and China, and the pivotal role of AI and sustainability in driving trade efficiency and creating new market demands. It also addresses the strategic implications for businesses and policymakers, emphasizing the need for agility and foresight.
Furthermore, the report delves into the drivers of change, such as geopolitical events, technological innovations, and environmental shifts, which are set to influence trade policies and consumer behavior. It offers insights from global experts and roundtables, providing strategic advice for navigating the complexities of modern trade.
Ultimately, the "Future of Trade 2024: Snapshot" serves as a comprehensive guide for understanding the evolving trade environment, equipping stakeholders with the knowledge to make informed decisions and capitalize on emerging opportunities in a rapidly changing world.
Over the last five years, several interlocking technology trends have facilitated the so-called ‘web3’ era. Blockchain, cryptocurrencies, the metaverse and new forms of digital value, such as non-fungible tokens (NFTs), have emerged to offer new modes of engagement, experience, transactions and autonomy in the digital space. This new chapter in the world wide web promises to be decentralised and open to all, with implications for brands, financial institutions, consumers, and regulators. This Future of Trade special edition report by DMCC (Dubai Multi Commodities Centre) assesses the dynamics driving growth and innovation in digital decentralisation.
Over the last five years, several interlocking technology trends have facilitated the so-called ‘web3’ era. Blockchain, cryptocurrencies, the metaverse and new forms of digital value, such as non-fungible tokens (NFTs), have emerged to offer new modes of engagement, experience, transactions and autonomy in the digital space. This new chapter in the world wide web promises to be decentralised and open to all, with implications for brands, financial institutions, consumers, and regulators. This Future of Trade special edition report by DMCC (Dubai Multi Commodities Centre) assesses the dynamics driving growth and innovation in digital decentralisation.
This publication serves as the first in-depth thought leadership report from DMCC on the lab-grown diamond (LGD) industry. It discusses how this nascent product will shape the Future of Trade, gathering insights from key industry leaders on the opportunities and challenges brought about by LGDs at all levels of the value chain.
This publication serves as the first in-depth DMCC (Dubai Multi Commodities Centre) thought leadership report on the global and local gaming and esports ecosystem. It gathers contributions from key opinion leaders to share their views on where the gaming and esports industry is heading and places emphasis on the drivers of gaming and esports from a technology, culture and business perspective.
The Future of Trade 2022 is the fourth edition of DMCC’s biennial flagship report on the changing nature of global trade. In it, we examine the impact of technology, global economic trends, and geopolitics on the future of trade,
with a focus on trade growth, supply chains, trade finance, infrastructure, and sustainability. The report presents updated scenarios for how trade will develop in 2022 and
beyond, relevant for any reader involved in trade, trade policy, international investment, and the operation of businesses with global value chains.
The Future of Trade 2022 is the fourth edition of DMCC’s biennial flagship report on the changing nature of global trade. In it, we examine the impact of technology, global economic trends, and geopolitics on the future of trade,
with a focus on trade growth, supply chains, trade finance, infrastructure, and sustainability. The report presents updated scenarios for how trade will develop in 2022 and
beyond, relevant for any reader involved in trade, trade policy, international investment, and the operation of businesses with global value chains.
The Future of Trade 2022 is the fourth edition of DMCC’s biennial flagship report on the changing nature of global trade. In it, we examine the impact of technology, global economic trends, and geopolitics on the future of trade,
with a focus on trade growth, supply chains, trade finance, infrastructure, and sustainability. The report presents updated scenarios for how trade will develop in 2022 and
beyond, relevant for any reader involved in trade, trade policy, international investment, and the operation of businesses with global value chains.
DMCC is the world’s leading and fastest-growing Free Zone and Government of Dubai Authority for commodities trade, enterprise, and innovation in business service and infrastructure.
The Future of Trade 2021 is the fourth edition of DMCC’s flagship report exploring the changing nature of global trade following reports in 2016, 2018, and 2020.
Assessing the impact of geopolitics, technology, and global economic trends on the future of trade, with a focus on trade growth, the digitalization of trade, the pivot to sustainability, trade finance, and infrastructure.
DMCC is the world’s leading and fastest-growing Free Zone and Government of Dubai Authority for commodities trade, enterprise, and innovation in business service and infrastructure.
The Future of Trade 2021 is the fourth edition of DMCC’s flagship report exploring the changing nature of global trade following reports in 2016, 2018, and 2020.
Assessing the impact of geopolitics, technology, and global economic trends on the future of trade, with a focus on trade growth, the digitalization of trade, the pivot to sustainability, trade finance, and infrastructure.
WHAT IS THE FUTURE OF TRADE REPORT?
The report is a synthesis of quantitative research and global viewpoints on what the future holds based on research, data, and interviews with business leaders and trade experts
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. Data Classification: Sensitive
What is the Future of Trade Crypto Edition report?
The Future of Trade; Perspectives on Decentralised Finance is the first special
crypto edition of DMCC’s flagship report exploring the changing nature of global trade.
Our 2021 report outlined that global trade defied expectations; showing surprising
resilience in 2020 despite the economic challenges posed by the pandemic. The research
also uncovered that the most transformative element of the global trade outlook is
technology.
DMCC is the world’s leading and fastest growing Free Zone and Government
of Dubai Authority for commodities trade and enterprise, home to over 20,000 companies.
3. Data Classification: Sensitive
1. Is DeFi an alternative to traditional financial infrastructures or will it ultimately be
integrated into and coexist alongside classic financial institutions?
2. What are the opportunities and risks of this technology for both the developing and
developed world?
3. How can regulators develop and introduce appropriate measures for emerging DeFi
solutions without stymying innovation?
Our research takes a closer look at how technology
could transform trade in the years ahead
4. Data Classification: Sensitive
Perhaps one of the most prevailing misconceptions
amongst the general public is that blockchain = Bitcoin.
While Bitcoin certainly has cemented its place as the
world’s most famous cryptocurrency, at least for the time
being, remains perhaps the most publicly recognisable use
of distributed ledger technology, blockchain is far more
than its most prominent digital currency.
At its core, a public blockchain is a digital ledger which
records transactions and shares this immutable record
across all participants within the network.
Breaking misconceptions
5. Data Classification: Sensitive
Number of assets/underlying supply
currently being staked across DeFi
$260.91bn
249%
increase in user addresses that have
interacted with the top DeFi projects since
the beginning of this year.
What is DeFi?
• DeFi refers to blockchain based platforms
and products that provide financial services
– such as trading, securing insurance, and
sending, lending and borrowing money.
• Built on top of smart blockchains, these
platforms enable governance and execution
of a variety of transaction types without the
need for centralised infrastructure.
• The result? Transactions at far lower fees
than both traditional financial institutions as
well as other fintech applications.
6. Data Classification: Sensitive
Following dramatic growth, venture capital companies
continue to invest in this booming space.
Cointelegraph’s 2020 Blockchain Venture Capital Report
found that of the 676 registered blockchain VC
Investment deals that were made that year, over 100
projects – roughly 15% – had a DeFi link.
The underlying signal is clear: VCs are banking on DeFi’s
continuous growth trajectory.
VCs are banking on
DeFi’s continuous growth
trajectory
Are we on the cusp of a
DeFi revolution?
7. Data Classification: Sensitive
Source: Dune Analytics https://dune.xyz/queries/2972/5739
Users are flocking to DeFi, and so are VCs
Total DeFi users over time
Oct
2021
Jul
2021
Jan
2021
Jul
2020
Jan
2020
Jul
2019
Jan
2019
Jan
2018
Jul
2018
Total users
4,131,294
8. Data Classification: Sensitive
SUBSTITUTE
VS.
SUPPLEMENT
DeFi has repeatedly been hailed
as a revolutionary tool that is
poised to reshape the financial
sector at its very core.
60%
of DeFi transactions
were large institutional
transactions by Q2 2021
DeFi’s boom in over the past 18 months was made
particularly significant by the types of players that entered
the space. By Q2 2021, large institutional transactions
(above $10 million USD) accounted for over 60% of DeFi
transactions, compared to less than 50% of all
cryptocurrency transactions.
9. Data Classification: Sensitive
Growing institutional transactions in DeFi signals
recognition of its future importance
Share of total transaction volume by transaction
size for all cryptocurrency activity
Share of total transaction volume by transaction
size for DeFi cryptocurrency activity
Source: Chain Analysis https://blog.chainalysis.com/reports/2021-global-defi-adoption-index
10. Data Classification: Sensitive
DeFi is not reinventing the underlying economic needs of a market place, but it does promise
a capital market that changes how financial products are manufactured and accessed
Blockchain, decentralised finance (DeFi) and other new and disruptive technologies were
found to accelerate trade growth, with DeFi protocols witnessing considerable investment.
Whilst the research is deliberately designed to offer an objective perspective, it is clear that
the subject of DeFi and its transformative impact on traditional trade finance models is
something that merits attention.
Regulation, education, infrastructure, sustainability and are all discussed in this balanced
assessment, and it is our hope that report is both informative and offer a glimpse into the
Future of Trade.
To be further outlined
Will DeFi accelerate trade growth?
11. Data Classification: Sensitive
Borderlessness - financial services are not tied to geographic locations or fiat
currencies. These financial services are accessible by anyone across the globe.
Transparency - anyone may review the smart contracts’ codes and check the
financial data. Replacing financial intermediaries with code results in a significant
increase in trust in DeFi services and decreases operational costs.
Innovativeness - most DeFi services are open source and allow developers to
re-use their technologies and build new solutions. This significantly speeds up
innovation and helps companies to quickly create new cost-effective products for
their customers.
Instant liquidity access - permissionless DeFi architecture allows companies to
get instant access to the high liquidity volume in decentralised services.
Klykov Vladimir
CMO at
Madfish.solutions
EXPERT CONTRIBUTION
Advantages of DeFi are:
13. Data Classification: Sensitive
• 1.7 billion adults globally do not have access to
banking services, mainly in developing countries
that lack the right infrastructure
• Public blockchains like Ethereum or Cardano,
make it possible to create markets and connect
market participants around the world with just a
smart phone
• That could see a a flood of potential new users and
businesses - many in developing nations, where
DeFi opens up new capital opportunities for larger
companies, and increases liquidity for SMEs, and
helping bridge the gap in trade finance
Bank access and
infrastructure is key
Source: Global Findex Database https://globalfindex.worldbank.org/
60%
of DeFi transactions
were large institutional
transactions by Q2 2021
14. Data Classification: Sensitive
The infrastructure in question
When it comes to DeFi’s potential in the developing world,
the lack of existing infrastructure (in the form of both trusted
financial institutions and physical technical infrastructure) is
both a blessing and a curse.
DeFi need not fight many of the same battles that are
currently being waged between disruptive new DeFi
platforms and the traditional financial industry in the
developed world. Rather than displacing existing services,
DeFi opens the door to a flood of new potential users that
have no or limited alternatives at their disposal.
In emerging markets with billions
of users on smart phones, and
already adopters of FinTech, the
leap to DeFi is smaller than in
developed
15. Data Classification: Sensitive
• Opens door for potential new users and businesses - many in developing nations.
• New capital opportunities for larger companies, and increased liquidity for SMEs,
helping bridge the gap in trade finance.
• Lower processing costs and reduced cost of KYC controls.
• Easier to scale.
DeFi protocols and applications make
it possible to create markets and connect
market participants
16. Data Classification: Sensitive
The interoperability of a decentralized financial system can be
substantially improved by issues digital assets with a unified language
Propietary Interoperable
Asset Issuer
Asset Owner
Unified FInancial Protocol
DeFi’s interoperable architecture allows it to go three steps
beyond the reach of classic financial institutions to:
• Focus on the underlying architecture at the core of financial
services and the way financial products and services are
manufactured
• Expand the definition of financial instruments to include
crypto- or digital-assets that can represent anything of value
or a legal right like intellectual property. The DeFi instrument
universe considers both tradeable and non- or less-tradeable
assets like art (NFTs), real estate, cars or wine.
• Solve the problem of social inclusion: where everyone in the
world can have access to financial services in the blockchain
ecosystem through the internet and a smart phone.
Individuals can be their own bank - in the driver’s seat.
17. Data Classification: Sensitive
Experts predict a different form of ‘Open Banking’ will emerge
with a strong co-existence and reliance between traditional and
blockchain ecosystems
Traditional Ecosystem Blockchain Ecosystem
“The CeFi-DeFi
bridge will play an
important role as a
digital assets
gateway between
the traditional and
blockchain
ecosystems.”
18. Data Classification: Sensitive
Recent figures show that 10% of the world’s financial institutions
spend at least $100 million on KYC and customer due diligence every
year, with some major institutions spending five times this amount. Not
only are these checks expensive, they are also increasingly time and
resource intensive. Findings show that banks are taking an average of
24 days to complete customer onboarding processes, while another
study estimates that risk and compliance costs account for up to 20%
of the total running costs of major banks.
DeFi will struggle to be embraced as a viable financial resource unless
it embraces the checks that will ensure legitimacy. From a regulatory
standpoint the Financial Action Task Force found that 58 out of 128
jurisdictions signed up to the task force have implemented revised
FATF Standards, 52 of which are now regulating Virtual Asset Service
Providers. Combining these standards with trustless KYC and AML
processes will greatly enhance trust in the space, increasing
interactions between DeFi and traditional finance.
Transactional banking revenue stands to lose, while the cost
of doing trade can be dramatically reduced enabled by DeFi
of the world’s financial
institutions spend at least $100
million on KYC and customer
due diligence every year
10%
20. Data Classification: Sensitive
EXPERT CONTRIBUTION
Blockchain effectively provides the missing link to finally having an
internet of money, an internet of decentralised solutions and the ability
to create trust through code.
There are several platforms offering solutions that are currently
available. But we feel that many of them suffer from one or several of
the following issues: get rich quick schemes, counter-intuitive payoff
designs, thinly veiled wealth transfer schemes, disregard for financial
economics and lack of industry knowledge.
Werner
Brönnimann
Co-Founder at
Ubinetic
21. Data Classification: Sensitive
EXPERT CONTRIBUTION
“Tezos consumes over two million times less energy than Proof of Work
blockchains like Bitcoin or Ethereum and is the only blockchain with a
robust and efficient on-chain governance system for forkless upgrades.
The minimal carbon footprint of Tezos means developers and users can
prioritise innovation, without compromising sustainability. Smart contract
activity has been growing exponentially on the Tezos network thanks to
popular NFT platforms like Hic et Nunc and DeFi applications like Plenty
DeFi. In the past 4 months, smart contract calls have grown 363%.”
Bernd
Oostrum
Co-Founder at
Plenty DeFi
23. Data Classification: Sensitive
Access to trade financing remains a significant issue, especially for SMEs.
The gap will at best limit potential trade growth opportunities, especially for
businesses and economies that have not historically engaged in cross-border
trade.
Recent figures show that 10% of the world’s financial institutions spend at least
$100 million on KYC and customer due diligence every year, and that banks take
an average of 24 days to complete customer onboarding processes. Meanwhile
KYC and AML checks as per the current model are difficult to scale.
The costly models in place will require innovation. The trade finance gap can be
closed by increasing the size of the pool of finance and improving access to trade
finance. Technology places a major role here.
One of the key draws of DeFi is the reduction in the need for the intermediaries
traditional finance relies on to verify user identities. Blockchain-based trustless
KYC solutions allow users to prove their identity in a protected manner while still
retaining control of their data.
DeFi and traditional finance can complement each other by facilitating innovation
and reducing compliance and regulatory costs across borders.
Trade finance
Estimated trade finance
gap by 2025
US$2.5 trillion
24. Data Classification: Sensitive
Confidence in Blockchain
powered trade finance is high,
but standardisation and
interoperability are key to
mass adoption
Many jurisdictions struggle to develop
appropriate measures for DeFi without
hindering innovation, while blockchain friendly
nations such as UAE and Switzerland are
working towards smart regulation and
enforcement.
25. Data Classification: Sensitive
The UAE is making significant strides
and fast becoming one of the most blockchain
friendly nations while also working to ensure that proper
regulations are in place in order to protect users.
The launch of the DMCC Crypto Centre, launched as a
partnership between DMCC and CV Labs (a Swiss Venture
Capital and Ecosystem firm focused on blockchain), helped
usher in an ever growing number of blockchain/DeFi
projects that are flocking to Dubai.
The UAE is fast becoming
one of the most Blockchain
friendly nations
26. Data Classification: Sensitive
Big Bang Market Disruption by Downes & Nunes (2014)
in Harvard Business Review
Innovators Early
Adopters
Early
Majority
Late
Majority
Laggards
Global blockchain and Defi
adoption is inevitable but design
and regulation will determine when
the big bang disruption occurs
27. Data Classification: Sensitive
So, what does this all mean?
The question of whether DeFi’s growing stream will merge with the existing
river of traditional finance or carve out its own canyon altogether remains to
be seen. What is becoming increasingly clear, however, is that DeFi is a force
of impending change that traditional players may choose to ignore at their
own peril. The growing number of commercial and institutional players that
are opting for DeFi platforms as both alternatives and complements to
existing infrastructure hint that the demand for more efficient and flexible
financial offerings is real. Traditional players can either choose to meet hop on
board and meet this demand or stand by and watch as their market share
springs a serious leak.
Ultimately, DeFi’s success is an endeavor that involves
numerous cogs, and its future has monumental implications
for personal and corporate finance, global trade, human
interconnectivity, and beyond.
“DeFi is transparent,
non-custodial,
permissionless, cheaper
and available 24/7.”
28. Data Classification: Sensitive
About DMCC
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether
developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering
high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is
proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae
About DMCC Crypto Centre
The DMCC Crypto Centre is an ecosystem for companies focused on the development and application of cryptographic and blockchain
technologies. Guided by progressive regulatory framework, the DMCC Crypto Centre offers a home to all types and sizes of crypto businesses. The
DMCC Crypto Centre also houses a leading crypto advisory practice and accelerator programme led by CV Labs, whose Switzerland-based Crypto
Valley supported the launch of industry leaders including Cardano and Ethereum.
About CV Labs
CV Labs is the heartbeat of Crypto Valley, Switzerland’s Blockchain hub. We help global start-ups, corporates, and investors to leverage Blockchain
technology and to transform their industries. As the international ecosystem builder of CV VC, we are an intrinsic driver of the fourth industrial
revolution. CV Labs drives CV VCs international ecosystem by executing incubation & acceleration programs, developing events & summits,
delivering advisory & reports, and providing co-working spaces to the community.