Jonny Fry Posted

2 Years Ago |

Will we skip open finance and go straight to DeFi?

By Timo Lehes, co-founder of Swarm Markets

 

Thanks to the payment services directive (PSD2), open banking has already been mandated across Europe and the UK. The next phase of open banking is open finance, which is manifesting in industry-led initiatives and EU data policy. However, decentralised finance (DeFi) offers the openness and transparency that open finance intends to promote, meaning we could skip open finance all together and jump straight to DeFi. DeFi puts value back into the hands of those who create it. The self-custodian nature of DeFi means platforms and...

Will we skip open finance and go straight to DeFi?

By Timo Lehes, co-founder of Swarm Markets

 

Thanks to the payment services directive (PSD2), open banking has already been mandated across Europe and the UK. The next phase of open banking is open finance, which is manifesting in industry-led initiatives and EU data policy. However, decentralised finance (DeFi) offers the openness and transparency that open finance intends to promote, meaning we could skip open finance all together and jump straight to DeFi. DeFi puts value back into the hands of those who create it. The self-custodian nature of DeFi means platforms and

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Jonny Fry Posted

2 Years Ago |

Solving the ORACLE p­roblem via crypto anchors

Written by Leon-Gerard Vandenberg, CEO of Sunified

      
The word oracle as defined by the Cambridge dictionary is: “someone who knows a lot about a subject and can give good advice”. However, in the world of commerce, an oracle is a source of trusted reliable information from which decisions can be made. In the energy industry, when it comes to being able to prove how electricity has been generated, power companies need to have the ability to demonstrate the provenance of the power. This is where Blockchain technology can play a vital role in removing ambiguity by offering consumers the ability...

Solving the ORACLE p­roblem via crypto anchors

Written by Leon-Gerard Vandenberg, CEO of Sunified

      
The word oracle as defined by the Cambridge dictionary is: “someone who knows a lot about a subject and can give good advice”. However, in the world of commerce, an oracle is a source of trusted reliable information from which decisions can be made. In the energy industry, when it comes to being able to prove how electricity has been generated, power companies need to have the ability to demonstrate the provenance of the power. This is where Blockchain technology can play a vital role in removing ambiguity by offering consumers the ability

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