4 Use Cases For Smart Contracts In Decentralized FinanceJuly 25, 2022 ⚊ 1 Min read ⚊ Views 83 ⚊ BUSINESS
Blockchain has gained widespread acceptance in specific industries and processes, even though many people remain sceptical about it. One of the most talked about blockchain projects is Decentralized Finance (DeFi).
Instead of being overburdened by large and tedious legacy systems, most financial institutions have adopted the DeFi platform, which has lowered many of the entry barriers previously faced by SME’s and start-ups. For the most part, financial institutions see this as a threat, but some large banks have seen it as an opportunity to leverage the speed and agility of small businesses, by setting up blockchain incubators and accelerators.