SlideShare a Scribd company logo
INSTITUTIONALISATION AND
TRUST IN DEFI
Deniz Dalkilic – CTO @ MRHB Network & Co-Founder @ Paribus
21st October 2022 - Greenwich University
WHAT IS TRUST?
reliance on the
integrity, strength,
ability, etc., of a
person or thing;
confidence.
confident
expectation of
something; hope.
confidence in the
certainty of future
payment for property
or goods received;
credit, to sell
merchandise on trust.
“Trust” as defined by Oxford Dictionary;
WHAT IS MEANT BY
INSTITUTIONALISATION?
“…the process of becoming a permanent or respected part of a society, system, or
organization…”
Institutionalisation as defined by Oxford Dictionary;
WEB3 AND DEFI SOLUTIONS
Borrowing/Lending Solutions i.e.,
Paribus
Faith based (Shariah) Solutions i.e.,
MRHB Network
Tokenised
Goods/Commodities/Property/Art
Insurance
Trading (Spot, Futures, Options,
ETFs)
Niche Markets
STATE OF DEFI
$41k to $181.3b(peak) AUM in less
than 3 years
$300m+ in fees generated in 3
years
Over 400+ DeFi Protocols
4.8m+ users and growing
Defilllama
Dune Analytics
ROAD TO INSTITUTIONALISATION
* Referenced from: The Institutionalization of Cryptoassets and Decentralized Financial Markets by Felix Bekemeier
HURDLES ON THE WAY TO
INSTITUTIONALISATION
• Lack of education and knowledge
• Lack of clear-cut legislation
• Security and Safety of Code
• Inefficient UI/UX
• Anonymity
• Adequate Infrastructure
• Non-custodial vs Custodial Solution
• Reporting Tools
• Risk Management
EDUCATION AND LEGISLATION
• Seminars, Webinars, Round Table and
meet ups
• Undergraduate & Postgraduate Degrees
• Reward Incentivised Learning (&
Whitehat Hacking) Programmes
• MiCA by EU
• US Framework WIP
• KYC/KYT/AML Tooling
TRUST, SECURITY AND USABILITY
Diamond-Grade Security Firms entering Audit Space e.g., Kudelski Security
Real-Time Monitoring Tools
Network Level Improvements; EIP4626, EIP2535, EIP4519
Governance Level Improvements
Abstraction of Technology
Thank you for listening!
Telegram: @dnzdlklc
Twitter: @dnzdlklc
LinkedIn: Deniz Dalkilic

More Related Content

Similar to Institutionalisation Of DeFi

Nigel Morris / QED Investors / Leading Innovation at Big Bank Scale
Nigel Morris / QED Investors / Leading Innovation at Big Bank ScaleNigel Morris / QED Investors / Leading Innovation at Big Bank Scale
Nigel Morris / QED Investors / Leading Innovation at Big Bank Scale
James by CrowdProcess
 
2018 12 version 1.6 trustmark for smart cities
2018 12   version 1.6 trustmark for smart cities2018 12   version 1.6 trustmark for smart cities
2018 12 version 1.6 trustmark for smart cities
Peter Bihr
 
01 Introduction atala prism.pdf
01 Introduction atala prism.pdf01 Introduction atala prism.pdf
01 Introduction atala prism.pdf
DuongNguyenNgoc10
 
TrueFi Partner Deck - June '22.pdf
TrueFi Partner Deck - June '22.pdfTrueFi Partner Deck - June '22.pdf
TrueFi Partner Deck - June '22.pdf
TrueFi
 
EARN DAILY Eldorado Token
 EARN DAILY Eldorado  Token EARN DAILY Eldorado  Token
EARN DAILY Eldorado Token
SNEH LATA
 
Carbon: Accessible, Stable Money | Hedera18
Carbon: Accessible, Stable Money | Hedera18Carbon: Accessible, Stable Money | Hedera18
Carbon: Accessible, Stable Money | Hedera18
Hedera Hashgraph
 
Trusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出す
Trusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出すTrusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出す
Trusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出す
Hyperleger Tokyo Meetup
 
Lawyer competency in the age of e-discovery
Lawyer competency in the age of e-discovery Lawyer competency in the age of e-discovery
Lawyer competency in the age of e-discovery Logikcull.com
 
Introduction to Self-Sovereign Identity
Introduction to Self-Sovereign IdentityIntroduction to Self-Sovereign Identity
Introduction to Self-Sovereign Identity
Karyl Fowler
 
The Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdf
The Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdfThe Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdf
The Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdf
Prolitus Technologies
 
Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?
Blockchain and CryptoAsset (K) Ltd.
 
Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?
Blockchain and CryptoAsset (K) Ltd.
 
===A Survey Of Trust And Reputation
===A Survey Of Trust And Reputation===A Survey Of Trust And Reputation
===A Survey Of Trust And Reputationguestc12d53
 
D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...
D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...
D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...
D1Conf
 
Decentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdf
Decentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdfDecentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdf
Decentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdf
ABOORVAponnan
 
The Empirical Turn in Knowledge Representation
The Empirical Turn in Knowledge RepresentationThe Empirical Turn in Knowledge Representation
The Empirical Turn in Knowledge Representation
Frank van Harmelen
 
Validide Corporation Pitch Deck 20210617
Validide Corporation Pitch Deck 20210617Validide Corporation Pitch Deck 20210617
Validide Corporation Pitch Deck 20210617
Lifelog Health
 
BUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSION
BUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSIONBUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSION
BUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSION
Godwin Emmanuel Oyedokun MBA MSc ACA ACIB FCTI FCFIP CFE
 
Cyber Threat Intelligence
Cyber Threat IntelligenceCyber Threat Intelligence
Cyber Threat Intelligence
Syed Peer
 
SVI Pitchbook
SVI PitchbookSVI Pitchbook
SVI PitchbookSVI2014
 

Similar to Institutionalisation Of DeFi (20)

Nigel Morris / QED Investors / Leading Innovation at Big Bank Scale
Nigel Morris / QED Investors / Leading Innovation at Big Bank ScaleNigel Morris / QED Investors / Leading Innovation at Big Bank Scale
Nigel Morris / QED Investors / Leading Innovation at Big Bank Scale
 
2018 12 version 1.6 trustmark for smart cities
2018 12   version 1.6 trustmark for smart cities2018 12   version 1.6 trustmark for smart cities
2018 12 version 1.6 trustmark for smart cities
 
01 Introduction atala prism.pdf
01 Introduction atala prism.pdf01 Introduction atala prism.pdf
01 Introduction atala prism.pdf
 
TrueFi Partner Deck - June '22.pdf
TrueFi Partner Deck - June '22.pdfTrueFi Partner Deck - June '22.pdf
TrueFi Partner Deck - June '22.pdf
 
EARN DAILY Eldorado Token
 EARN DAILY Eldorado  Token EARN DAILY Eldorado  Token
EARN DAILY Eldorado Token
 
Carbon: Accessible, Stable Money | Hedera18
Carbon: Accessible, Stable Money | Hedera18Carbon: Accessible, Stable Money | Hedera18
Carbon: Accessible, Stable Money | Hedera18
 
Trusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出す
Trusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出すTrusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出す
Trusted Data Ecosystems(信頼できるデータエコシステム):アイデンティティに価値を見出す
 
Lawyer competency in the age of e-discovery
Lawyer competency in the age of e-discovery Lawyer competency in the age of e-discovery
Lawyer competency in the age of e-discovery
 
Introduction to Self-Sovereign Identity
Introduction to Self-Sovereign IdentityIntroduction to Self-Sovereign Identity
Introduction to Self-Sovereign Identity
 
The Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdf
The Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdfThe Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdf
The Evolution of DeFi Collateral From Single Assets to LP Tokens and Beyond.pdf
 
Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?
 
Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?Decentralised Finance (De-Fi): Is this the future of finance?
Decentralised Finance (De-Fi): Is this the future of finance?
 
===A Survey Of Trust And Reputation
===A Survey Of Trust And Reputation===A Survey Of Trust And Reputation
===A Survey Of Trust And Reputation
 
D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...
D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...
D1Conf 2018 | Exploring Insurance Primitives for Blockchain | Matt Tyndall, C...
 
Decentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdf
Decentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdfDecentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdf
Decentralized-Finance-DeFi-The-Future-of-Banking (1).pdf.pdf
 
The Empirical Turn in Knowledge Representation
The Empirical Turn in Knowledge RepresentationThe Empirical Turn in Knowledge Representation
The Empirical Turn in Knowledge Representation
 
Validide Corporation Pitch Deck 20210617
Validide Corporation Pitch Deck 20210617Validide Corporation Pitch Deck 20210617
Validide Corporation Pitch Deck 20210617
 
BUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSION
BUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSIONBUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSION
BUILDING TRUST IN A CONNECTED WORLD – HAYNNE’S ROYAL COMMISSION
 
Cyber Threat Intelligence
Cyber Threat IntelligenceCyber Threat Intelligence
Cyber Threat Intelligence
 
SVI Pitchbook
SVI PitchbookSVI Pitchbook
SVI Pitchbook
 

Recently uploaded

APP I Lecture Notes to students 0f 4the year
APP I  Lecture Notes  to students 0f 4the yearAPP I  Lecture Notes  to students 0f 4the year
APP I Lecture Notes to students 0f 4the year
telilaalilemlem
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
shetivia
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
DOT TECH
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
FinTech Belgium
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
DOT TECH
 
GeM ppt in railway for presentation on gem
GeM ppt in railway  for presentation on gemGeM ppt in railway  for presentation on gem
GeM ppt in railway for presentation on gem
CwierAsn
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
muslimdavidovich670
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 
234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt
PravinPatil144525
 
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
beulahfernandes8
 
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
DOT TECH
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
DOT TECH
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
DOT TECH
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
DOT TECH
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
Antonis Zairis
 

Recently uploaded (20)

APP I Lecture Notes to students 0f 4the year
APP I  Lecture Notes  to students 0f 4the yearAPP I  Lecture Notes  to students 0f 4the year
APP I Lecture Notes to students 0f 4the year
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
 
GeM ppt in railway for presentation on gem
GeM ppt in railway  for presentation on gemGeM ppt in railway  for presentation on gem
GeM ppt in railway for presentation on gem
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 
234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt
 
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
 
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 

Institutionalisation Of DeFi

  • 1. INSTITUTIONALISATION AND TRUST IN DEFI Deniz Dalkilic – CTO @ MRHB Network & Co-Founder @ Paribus 21st October 2022 - Greenwich University
  • 2. WHAT IS TRUST? reliance on the integrity, strength, ability, etc., of a person or thing; confidence. confident expectation of something; hope. confidence in the certainty of future payment for property or goods received; credit, to sell merchandise on trust. “Trust” as defined by Oxford Dictionary;
  • 3. WHAT IS MEANT BY INSTITUTIONALISATION? “…the process of becoming a permanent or respected part of a society, system, or organization…” Institutionalisation as defined by Oxford Dictionary;
  • 4. WEB3 AND DEFI SOLUTIONS Borrowing/Lending Solutions i.e., Paribus Faith based (Shariah) Solutions i.e., MRHB Network Tokenised Goods/Commodities/Property/Art Insurance Trading (Spot, Futures, Options, ETFs) Niche Markets
  • 5. STATE OF DEFI $41k to $181.3b(peak) AUM in less than 3 years $300m+ in fees generated in 3 years Over 400+ DeFi Protocols 4.8m+ users and growing Defilllama Dune Analytics
  • 6. ROAD TO INSTITUTIONALISATION * Referenced from: The Institutionalization of Cryptoassets and Decentralized Financial Markets by Felix Bekemeier
  • 7. HURDLES ON THE WAY TO INSTITUTIONALISATION • Lack of education and knowledge • Lack of clear-cut legislation • Security and Safety of Code • Inefficient UI/UX • Anonymity • Adequate Infrastructure • Non-custodial vs Custodial Solution • Reporting Tools • Risk Management
  • 8. EDUCATION AND LEGISLATION • Seminars, Webinars, Round Table and meet ups • Undergraduate & Postgraduate Degrees • Reward Incentivised Learning (& Whitehat Hacking) Programmes • MiCA by EU • US Framework WIP • KYC/KYT/AML Tooling
  • 9. TRUST, SECURITY AND USABILITY Diamond-Grade Security Firms entering Audit Space e.g., Kudelski Security Real-Time Monitoring Tools Network Level Improvements; EIP4626, EIP2535, EIP4519 Governance Level Improvements Abstraction of Technology
  • 10. Thank you for listening! Telegram: @dnzdlklc Twitter: @dnzdlklc LinkedIn: Deniz Dalkilic