DeFi needs more tangible assets on the chain to see a prosperous future By Cointelegraph

DeFi needs more tangible assets on the chain to see a prosperous future

In a lecture hall at a Massachusetts Institute of Technology (MIT) business school, a senior Safaricom executive predicted decentralized finance and the future of commerce to a room of enthusiastic but confused MBA students. “You will be able to buy your first home on WhatsApp! Smart contracts on the blockchain will take care of everything and you won’t need a broker, ”he said with conviction, pointing to a slide.

“How will the title of the house change hands?” And the funds? Can blockchain do escrow? What role for lawyers? How could we buy something worth a million dollars at the click of a button? The class wondered.

David Lighton is the co-founder of Lithium Finance. He is an entrepreneur passionate about inclusive financial innovation and also the founder of SendFriend, a fintech startup using blockchain for international money transfers. David was also a special assistant in the Haiti office of the World Bank and co-author of Haiti’s National Financial Inclusion Strategy. David holds an MBA from MIT Sloan School of Management and an MA and BA with Distinction from Johns Hopkins University.

Kevin Tseng is the founder of Naos Finance. Before Naos, Kevin was a serial entrepreneur and investor. Kevin founded and left three tech startups in China and Southeast Asia and led strategic investments at The Walt Disney Company (NYSE 🙂 and Ali Baba (NYSE 🙂 Group.

Mariano Di Pietrantonio is the Chief Strategy Officer for MakerGrowth, a main unit of MakerDAO. He works primarily on the development and research of new use cases, including education, partnership and communication activities. Mariano has 15 years of product and marketing experience in industries such as pharmacy, banking, and gaming, among others.

Continue reading on Coin Telegraph

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

About Arla Lacy

Check Also

Most Admired Companies in 2021: Homeowners Financial Group

AZ Business magazine and BestCompaniesAZ annually present the Most Admired Companies program to recognize organizations …