Everand Logo

Welcome to Everand!

  • Techfastly

    DeFi is booming - Banking to be a thing of the past?

    Oct 21, 2020 4 minutes
    Ashwin Kumar R

    Imagine a future where cryptocurrency and decentralized finance become the norm, and banks become an option. Although this isn’t happening anytime soon, DeFi is catching like wildfire. The total value locked in DeFi increased five-fold in just six months and stands at over 4 billion dollars. I agree that this is a drop in the ocean compared to the trillion-dollar traditional banking industry. Still, given the pace at which DeFi is moving, it’ll engulf the banking industry.

    But what exactly is DeFi?

    DeFi stands for Decentralized Finance and is often referred to as the Open Finance Movement. Decentralized finance is built over smart contracts, protocols, digital assets and are

    You’re reading a preview, subscribe to read more.

    More from Techfastly

    Techfastly6 min readIntelligence (AI) & Semantics
    In Conversation with Rajesh Dhuddu Global Head, Blockchain & Metaverse Practice, Tech Mahindra
    Rajesh Dhuddu leads Blockchain & Metaverse practice for Tech Mahindra. He is responsible for establishing and driving Tech Mahindra’s Metaverse practice, TechMVerse, and is also leading corporate strategies for creating metaverse ecosystems and B2B u
    Techfastly5 min readIntelligence (AI) & Semantics
    A Seismic Shift in The Ever-Changing Dynamic of The Cyber World of The Financial Industry
    "The rise of supply chain threats and escalating ransomware attacks are the most pressing cyber challenges the international community needs to address. Business leaders must consider cybersecurity as a risk management issue and balance the trade-off
    Techfastly9 min readIntelligence (AI) & Semantics
    Analyzing The Top 10 It Predictions
    Digital is now a permanent, but dynamic, a fixture in our world, and the IT and communications sectors will be among the most altered in the next years. CIOs must create procurement, development, and operations teams that correspond with as-a-service

    Related Books & Audiobooks