How DeFi transforms the banking industry

Abstract

This is a capstone project summary of an in-depth market analysis titled how DeFi transforms the Banking Industry. Decentralized finance (DeFi) is an open and global financial system built for the internet age. There are limitations on the existing banking system, and DeFi has potential to solve those pain points. Various fintech companies in Asia have leveraged permissioned blockchain for financial services solutions with enhanced security and efficiency. The future DeFi will continue to shape the banking system for better service, and for a wider population.