The Impact of Decentralized Finance (DeFi) on Modern Business Models
Decentralized finance, commonly known as DeFi, refers to financial services built on blockchain networks that operate without traditional intermediaries. DeFi platforms enable automated, transparent, and permissionless transactions by leveraging smart contracts. Key characteristics include trustless execution, open access, and composability, meaning services can interconnect to build complex financial products. DeFi emerged as a significant force…