Mapping the Blockchain’s Decentralized Finance Characteristics

Gede Natha Wijaya Kusuma (), Andry Alamsyah and Dian Puteri Ramadhani
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Gede Natha Wijaya Kusuma: Telkom University
Andry Alamsyah: Telkom University
Dian Puteri Ramadhani: Telkom University

A chapter in Proceedings of the International Conference on Enterprise and Industrial Systems (ICOEINS 2023), 2023, pp 67-80 from Springer

Abstract: Abstract The integration of blockchain technology, particularly through Decentralized Finance (DeFi), has transformed the financial industry. As of January 2023, the DeFi crypto market had reached a market capitalization of $46.21 billion, serving a user base of 6,686,500. DeFi surpasses Traditional Finance (TradFi) in several aspects, including lower fees, inclusivity, faster processing, accessibility, transparency, programmability, security, and the absence of intermediaries. For end users, the advantages of DeFi lie in self-custody of their assets, peer-to-peer transactions, and the ability to harness programmability for complete control and creativity. However, despite the rapid growth of DeFi, there is a notable lack of comprehensive research on DeFi mapping, particularly in terms of its benefits, risks, financial services, and technology. This study aims to delineate the characteristics of DeFi mapping and address the research gap in DeFi knowledge.

Keywords: Digital Economics; Decentralized Finance; Financial Institution; Traditional Finance; Mapping Characteristics; Blockchain (search for similar items in EconPapers)
Date: 2023
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DOI: 10.2991/978-94-6463-340-5_7

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