The impact and potential of Decentralized Finance services compared to Traditional Finance services. / Alexandre FALCONNIER / 2022

Titre : The impact and potential of Decentralized Finance services compared to Traditional Finance services. Type de document : Mémoire Auteurs : Alexandre FALCONNIER, Auteur Année de publication : 2022 Importance : 41 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Management DECENTRALISATION ; CRYPTOMONNAIE ; CONSEQUENCE ; COMPARAISON Résumé : The recent and rapid growth of Decentralized Finance is the perfect representation of technological progress used to improve people’s life, by giving them back control of their finance and taking off centralized intermediaries. However, the emergence of Decentralized Finance opened a Pandora’s box due to its opposition to Traditional Finance. Security risks and regulations towards Decentralized Finance have been hot topics in recent years. This paper intends to define Decentralized Finance, examine its growth, its current use cases and further discuss the impact it can have on Traditional Finance, especially for Traditional Finance services such as Bank loans, which are currently being developed on distributed public blockchains. Using literature review and data gathered from websites, report, and questionnaires, I present the way Decentralized Finance is changing the world of Finance. I found that although Decentralized Finance is able to reproduce and improve current services offered by banks and other traditional centralized institutions and entities, and even offer new services, it currently has limitations, mainly due to its intrinsic characteristics. Indeed, the pseudonymity of users and the elements that decentralization implies, namely, ensuring sufficient decentralization through governance and financial incentivization, as well as providing the maximum security possible and limiting systemic risks, for ensuring financial stability. Programme : Global BBA Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=562230