3 Important Questions All CEOs Must Ask To Prepare For The DeFi Wave Of Opportunity

The what of Decentralized Finance (DeFi) matter’s less than the why.

As I acquire, grow, and exit companies, it’s crucial that I understand key societal and technology trends that will massively disrupt industries. DeFi is one of those trends.

It will massively shake the financial industry, in nearly every sector, for the better.

What is DeFi?

The what is boring, unless you’re a little nerdy and into this stuff.

Banks are a centralized finance system. They’re the middleman to get money from place A to place B while charging fees along the way. With decentralized finance, the financial products are available on a public decentralized blockchain network open to everyone.

DeFi removes intermediaries from complex transactions.

Why does it matter?

These types of applications will have a significant presence in lending, insurance, exchange, stablecoins, and in all areas of finance.

According to Peter Diamandis,

“While these technologies alone do a lot to increase democratization, dematerialization, and access in our society, the introduction of application…