Decentralized Finance and the End of Banks
by Simon Dingle; Steven Boykey Sidley
This title was previously available on NetGalley and is now archived.
Pub Date 15 Feb 2022 | Archive Date 13 Jan 2022
** UNCORRECTED PROOF - NOT BE USED FOR REVIEW QUOTES. PLEASE CHECK AGAINST A FINAL COPY **
After over a decade of Bitcoin, which has now moved beyond lore and hype into an increasingly robust star in the firmament of global assets, a new and more important question has arisen. What happens beyond Bitcoin? The answer is decentralised finance - 'DeFi'.
Tech and finance experts Steven Boykey Sidley and Simon Dingle argue that DeFi - which enables all manner of financial transactions to take place directly, person to person, without the involvement of financial institutions - will redesign the cogs and wheels in the engines of trust, and make the remarkable rise of Bitcoin look quaint by comparison. It will disrupt and displace fine and respectable companies, if not entire industries.
Sidley and Dingle explain how DeFi works, introduce the organisations and individuals that comprise the new industry, and identify the likely winners and losers in the coming revolution.