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.

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