How has the finance world been evolving in light of blockchain technologies?
CO-FOUNDER AND MANAGING DIRECTOR OF DEERCREEK
Blockchain and DLThave been transformative to the traditional finance industry (i.e banking, trading, asset management) akin to how telecom & media companies had to adapt to the rise of mobile internet and social media. Now more than ever, users demand more digital services — where their transactions are more available, responsive and transparent.
The popularity of digital wallets, stablecoins and DeFi is not merely a fad, but is influencing and pushing finance to innovate with better and more cost-effective products. You will see massive transformation in the next 10 years in finance & technology where the lines will be blurred and the infrastructure rails underlying the industry will be upgraded from Web 2 to Web 3.