001476429 000__ 06597cam\\2200673\i\4500 001476429 001__ 1476429 001476429 003__ OCoLC 001476429 005__ 20231003174421.0 001476429 006__ m\\\\\o\\d\\\\\\\\ 001476429 007__ cr\un\nnnunnun 001476429 008__ 230831s2023\\\\sz\a\\\\ob\\\\000\0\eng\d 001476429 019__ $$a1395538322 001476429 020__ $$a9783031374883$$qelectronic book 001476429 020__ $$a3031374886$$qelectronic book 001476429 020__ $$z9783031374876 001476429 020__ $$z3031374878 001476429 0247_ $$a10.1007/978-3-031-37488-3$$2doi 001476429 035__ $$aSP(OCoLC)1395906860 001476429 040__ $$aGW5XE$$beng$$erda$$epn$$cGW5XE$$dYDX$$dEBLCP$$dN$T$$dYDX 001476429 049__ $$aISEA 001476429 050_4 $$aHG173$$b.F75 2023 001476429 08204 $$a332.1028$$223/eng/20230831 001476429 1001_ $$aFriesendorf, Cordelia,$$eauthor. 001476429 24510 $$aDecentralized Finance (DeFi) :$$bHow decentralized applications (dApps) disrupt banking /$$cCordelia Friesendorf, Alena Blütener. 001476429 264_1 $$aCham, Switzerland :$$bSpringer,$$c[2023] 001476429 300__ $$a1 online resource (x, 111 pages) :$$billustrations (some color). 001476429 336__ $$atext$$btxt$$2rdacontent 001476429 337__ $$acomputer$$bc$$2rdamedia 001476429 338__ $$aonline resource$$bcr$$2rdacarrier 001476429 4901_ $$aBusiness guides on the go,$$x2731-4766 001476429 5050_ $$aIntro -- Contents -- Chapter 1: Decentralized Finance: How dApps Disrupt Banking -- 1.1 Loss of Trust in Banking -- 1.1.1 Rethink and Innovation -- 1.1.2 Democratization of Global Banking -- 1.1.3 Motivation and Plan of the Book -- References -- Chapter 2: Centralized Finance -- 2.1 The Evolution of Banking in Europe -- 2.2 Trust as a Store of Value -- 2.3 The Institutionalization of Trust -- 2.4 Banking License Types -- 2.4.1 E-Money Licenses -- 2.4.2 Fintech License -- 2.4.3 Extended License -- 2.4.4 Traditional License -- 2.5 Banking License Criteria -- 2.5.1 Initial Capital 001476429 5058_ $$a2.5.2 Business Plan -- 2.5.3 Requirements for Managing Directors -- 2.5.4 Requirements for the Holders of Qualifying Holdings -- 2.6 Bank Categories, Business Models, and Products -- 2.6.1 Global Banking -- 2.6.2 Private Banking/Wealth Management -- 2.6.3 Investment Banking -- 2.6.4 Retail/Consumer Banking -- 2.6.5 Corporate Banking -- 2.6.6 Bulge Brackets -- 2.6.7 Middle Market -- 2.6.8 Elite Boutique -- 2.6.9 Regional or Industry Boutiques -- 2.7 Banking Competition in Retail Markets -- References -- Chapter 3: Decentralized Finance: Concept and Characteristics 001476429 5058_ $$a3.1 Features of Decentralized Finance -- 3.1.1 Decentralized Applications (dApps) -- 3.1.2 Total Value Locked -- 3.1.2.1 Centralized -- 3.1.2.2 Semi-Decentralized -- 3.1.2.3 Fully Decentralized -- 3.1.3 Accessibility and Market Expansion -- 3.1.4 Remittance Convenience -- 3.1.5 Security via Transparency -- References -- Chapter 4: Decentralized Finance: Technical Basis -- 4.1 Blockchain as Centrifugal Technology -- 4.1.1 Distributed Ledger Technology -- 4.1.2 Non-fungible Tokes -- 4.2 Ethereum's Robust Complementarity -- 4.2.1 Solidity and Ether -- 4.2.2 Gas Fee Pricing Model 001476429 5058_ $$a4.2.3 Decentralized Autonomous Organization -- 4.3 Smart Contract Efficiency -- References -- Chapter 5: Decentralized Finance: Categories -- 5.1 Decentralized Stablecoins -- 5.2 Decentralized Derivatives -- 5.2.1 Future -- 5.2.2 Forwards -- 5.2.3 Options -- 5.2.4 Swaps -- 5.3 Decentralized Payments -- 5.4 Decentralized Lending and Borrowing -- 5.5 Decentralized Exchange -- 5.6 Decentralized Wealth Management -- 5.7 Decentralized Lotteries -- 5.8 Decentralized Insurance -- References -- Chapter 6: Decentralized Finance: Safety and Security -- 6.1 Financial Risks -- 6.2 Technology Risks 001476429 5058_ $$a6.3 Procedural Risks -- 6.4 Regulatory Risks -- References -- Chapter 7: Decentralized Finance: Regulation -- 7.1 Financial Action Task Force (FATF) -- 7.2 Markets in Crypto Assets -- 7.3 Environment, Social, and Governance (ESG) -- 7.4 Regulatory Transformation -- References -- Chapter 8: Comparison of Centralized and Decentralized Finance -- 8.1 Criterion-Based Tabular Comparison -- 8.2 Scope of Differences -- References -- Chapter 9: Decentralized Finance: Use-Cases -- 9.1 Decentralized Stablecoins -- 9.1.1 Custodial Stablecoins -- 9.1.2 Asset-Backed Stablecoins 001476429 506__ $$aAccess limited to authorized users. 001476429 520__ $$aThis book explores how decentralized finance (DeFi) can disrupt traditional centralized finance including the business areas of insurance companies, banks, money markets, and bonds. DeFi is not a company or a single product, rather it is a collection of products or services. As part of the Ethereum ecosystem, DeFi services are provided as Decentralized Applications (dApps), which require smart contracts to lock in assets for processing transactions. Changing consumer expectations, the availability of affordable technologies, and entrepreneurial drive create space for DeFi. Geopolitical crises and trust deterioration exacerbate the need. This book explains the concept of DeFi, the technological opportunities, the current reality and status quo of business transactions, and demonstrates the potential for future use and the eventual transformation of the financial industry. It further provides a comprehensive analysis of the real-world applications of DeFi, the Decentralized Ledger Technology (DLT), and digital assets, as well as their potential risks to consumers and financial institutions to bankers, managers, investors, and policymakers. 001476429 588__ $$aDescription based on online resource; title from digital title page (viewed on September 28, 2023). 001476429 650_0 $$aFinancial institutions$$xEffect of technological innovations on. 001476429 650_0 $$aBlockchains (Databases) 001476429 650_0 $$aCryptocurrencies. 001476429 655_0 $$aElectronic books. 001476429 7001_ $$aBlütener, Alena,$$eauthor. 001476429 77608 $$iPrint version:$$z3031374878$$z9783031374876$$w(OCoLC)1381295084 001476429 830_0 $$aBusiness guides on the go,$$x2731-4766 001476429 852__ $$bebk 001476429 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-031-37488-3$$zOnline Access$$91397441.1 001476429 909CO $$ooai:library.usi.edu:1476429$$pGLOBAL_SET 001476429 980__ $$aBIB 001476429 980__ $$aEBOOK 001476429 982__ $$aEbook 001476429 983__ $$aOnline 001476429 994__ $$a92$$bISE