Discussion and Conclusion

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Decentralized Finance (DeFi)

Part of the book series: Business Guides on the Go ((BUGO))

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Abstract

In this final chapter of this book, we re-assess the study to filter out key learnings and implications for the traditional financial industry with the entrance of technology and entrepreneurial energy in the face of changing customer preferences and expectations. Furthermore, we will provide an overview of the advantages and disadvantages of decentralized finance as well as the opportunities and challenges that DeFi faces in the future. Given the changes in the environment of finance, we recommend concepts and strategies that enable traditional banks to sustain their customers and position in the market by addressing the topics of regaining the trust of customers and other stakeholders in the industry as a whole. In conclusion, we point out the disruption capacity of dApps and DeFi and how finance can and will change.

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Friesendorf, C., Blütener, A. (2023). Discussion and Conclusion. In: Decentralized Finance (DeFi). Business Guides on the Go. Springer, Cham. https://doi.org/10.1007/978-3-031-37488-3_11

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