Proceedings of the International Conference on Enterprise and Industrial Systems (ICOEINS 2023)

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Mapping the Blockchain’s Decentralized Finance Characteristics

Authors
Gede Natha Wijaya Kusuma1, *, Andry Alamsyah2, Dian Puteri Ramadhani3
1Telkom University, Jl. Telekomunikasi, 40257, Bandung, Indonesia
2Telkom University, Jl. Telekomunikasi, 40257, Bandung, Indonesia
3Telkom University, Jl. Telekomunikasi, 40257, Bandung, Indonesia
*Corresponding author. Email: nathawijaya@student.telkomuniversity.ac.id
Corresponding Author
Gede Natha Wijaya Kusuma
Available Online 30 December 2023.
DOI
10.2991/978-94-6463-340-5_7How to use a DOI?
Keywords
Digital Economics; Decentralized Finance; Financial Institution; Traditional Finance; Mapping Characteristics; Blockchain
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Enterprise and Industrial Systems (ICOEINS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 December 2023
ISBN
978-94-6463-340-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-340-5_7How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Gede Natha Wijaya Kusuma
AU  - Andry Alamsyah
AU  - Dian Puteri Ramadhani
PY  - 2023
DA  - 2023/12/30
TI  - Mapping the Blockchain’s Decentralized Finance Characteristics
BT  - Proceedings of the International Conference on Enterprise and Industrial Systems (ICOEINS 2023)
PB  - Atlantis Press
SP  - 67
EP  - 80
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-340-5_7
DO  - 10.2991/978-94-6463-340-5_7
ID  - Kusuma2023
ER  -