Decentralized Finance

<p>This book provides a comprehensive overview of the rapidly expanding field of decentralized finance (DF) and discusses how entrepreneurs can leverage it in their business activities.</p><p>Decentralized finance (DF) is a system for exchanging value without centralized intermediaries. It relies heavily on peer-to-peer lending and borrowing, decentralized exchanges, trustless systems, and blockchain. Decentralized Finance is seen as a disruptive technology that could replace traditional financial systems in the future due to its advantages of being inclusive, non-discriminatory, resilient to risk management failures, cost-effective for lenders and borrowers to access the system and more efficient in terms of financial intermediation through automated trustless systems.&nbsp;</p><p>This book explains the challenges and opportunities that these blockchain-based financial innovations present for both entrepreneurship and the broader financial system.</p>