Decentralized finance

Basit Öğe Kaydı
dc.authorid0000-0002-5738-7563
dc.authorscopusid57339987700
dc.contributor.authorÖzcan, Rasim
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.date.accessioned2023-10-16T11:03:50Z
dc.date.available2023-10-16T11:03:50Z
dc.date.issued2021
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.description.abstractNewer and better ways of financing lubricates the wheels of an economy. In recent years, there have been phenomenal changes in technologies used in finance. One of such technologies was introduced by creating the first cryptocurrency Bitcoin. The technology behind this invention is known as blockchain. Although there are and there might be other use cases of blockchain technology, the finance era is important and currently it is the most adapted industry; currently there are a number of cryptocurrencies, tokens, smart contract applications among others. This article seeks to introduce the basics of—so called—decentralized finance (DeFi) through an exploration of blockchain technology in the field of finance. The focus is on the definition of decentralized finance, its elements, its current state and its future. Elimination of intermediary need, easier access, improved inclusiveness, and transaction speed, flexibility to write any contract that can be codable, immutability of transactions, better interoperability and censorship resistance are some of the main advantages of blockchain. Additionally, increased privacy, transparency, enhanced security, efficiency in the form of reduction in overhead costs for banks, and trust are considered as the benefits of blockchain technology in finance, hence for DeFi. Its power need due to the excessive computer power needs, setting standards in validating new blocks and in communicating between different networks are important issues. Besides, user experience, scalability, current speed of blockchain networks, regulations like AML and KYC requirements, the lack of regulation in DeFi, and interoperability are key issues as well. In summary, the current state of DeFi markets is not technologically able to provide a worldwide service at the scale the centralized finance provides. It needs improvements in its technology and sound regulations to gain wide acceptance.
dc.identifier.citationÖzcan, R. (2021). Decentralized finance. Ü. Hacıoğlu, T. Aksoy (Ed.), Financial Ecosystem and Strategy in The Digital Era içinde (57-75 ss.). Cham: Springer Nature. https://dx.doi.org/10.1007/978-3-030-72624-9_4
dc.identifier.doi10.1007/978-3-030-72624-9_4
dc.identifier.endpage75
dc.identifier.isbn9.78E+12
dc.identifier.issn2730-6038
dc.identifier.scopus2-s2.0-85144493495
dc.identifier.scopusqualityN/A
dc.identifier.startpage57
dc.identifier.urihttps://dx.doi.org/10.1007/978-3-030-72624-9_4
dc.identifier.urihttps://hdl.handle.net/20.500.12154/2391
dc.indekslendigikaynakScopus
dc.institutionauthorÖzcan, Rasim
dc.institutionauthorid0000-0002-5738-7563
dc.language.isoen
dc.publisherSpringer Nature
dc.relation.ispartofFinancial Ecosystem and Strategy in The Digital Era
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectDecentralized Finance
dc.subjectDeFi
dc.subjectBlockchain
dc.subjectCryptocurrency
dc.subjectToken
dc.subjectSmart Contract
dc.subjectBitcoin
dc.subjectEthereum
dc.subjectStablecoin
dc.subjectPermissionless
dc.subjectBorderless
dc.titleDecentralized finance
dc.typeBook Chapter
dspace.entity.typePublication
relation.isAuthorOfPublication6d8c0e0e-dd75-4202-8a3f-76230fd2a682
relation.isAuthorOfPublication.latestForDiscovery6d8c0e0e-dd75-4202-8a3f-76230fd2a682
relation.isOrgUnitOfPublicationc9253b76-6094-4836-ac99-2fcd5392d68f
relation.isOrgUnitOfPublication.latestForDiscoveryc9253b76-6094-4836-ac99-2fcd5392d68f

Dosyalar

Lisans paketi
Listeleniyor 1 - 1 / 1
[ N/A ]
İsim:
license.txt
Boyut:
1.52 KB
Biçim:
Item-specific license agreed upon to submission
Açıklama:
İndir

Koleksiyon

İktisat Bölümü Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu