DESENTRALISASI FINANSIAL (DEFI) DALAM SYSTEM BLOCK CHAIN : ANALISIS RESIKO DAN PELUANG

Abstract

In this study, researchers identified a holistic approach integrating risk and opportunity analysis of Decentralized Finance (DeFi) within the Indonesian context, addressing the limited local research gap. The researchers identified the primary risks of DeFi, namely smart contract vulnerabilities (AHP weight 0.54), market volatility (0.30), and regulatory uncertainty (0.16), with case examples such as the 2021 Poly Network attack and the 2022 TerraUSD collapse. Additionally, significant opportunities were highlighted, including financial inclusion (AHP weight 0.54) for 50% of Indonesia’s unbanked population, technological innovation through layer-2 solutions like Optimism, and cost efficiency of up to 50% compared to traditional finance. The novelty of this research lies in the application of the Analytical Hierarchy Process (AHP) to prioritize risk and opportunity factors, as well as the development of a blockchain-data-driven SWOT strategy to support financial inclusion in remote areas. The researchers recommend enhancing smart contract security and user education to foster a secure and inclusive digital financial ecosystem in Indonesia, supporting sustainable DeFi growth.