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Here at Credefi we wholeheartedly agree, and we employ this very principle when building our project!
“We envision that centralised and decentralised financial services will converge at some stage as both have unique capabilities that are beneficial to the other. There is however the challenge for centralised institutions of making sure that their assets stay within countries that are white-listed”, says the document.
The automation of business processes on a public permissionless blockchain has many advantages over traditional money markets, such as accuracy, transparency and speed, the researchers say.
They also note that the replacement of financial intermediaries with automated digital contracts is a big deal today with around $76 billion in assets locked up on Ethereum alone.
According to the authors of the research, using this technology can genuinely lower the risks on the technical side of things.
At Credefi we are going further — we are working on counterparty security algorithms that will help us increase the reliability of the mechanisms we currently employ.
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