Could we have a money field without the need of financial institutions or brokers? Which is the eyesight of decentralized finance – or DeFi – in which economic merchandise are crafted from tamper-proof electronic clever contracts interacting with blockchains. Sergey Nazarov, co-founder of Chainlink, joins Azeem Azhar to examine the guarantee of this rising sector to provide greater transparency, manage, and yield for equally clients and companies.
They also explore:
- How blockchains and intelligent contracts operate collectively to reconfigure the fundamentals of finance, as we at the moment practical experience it.
- Why the outrage felt by Robinhood end users (when trading in GameStop was paused) reveals an fundamental weak spot in traditional finance.
- What blockchain oracles are, and how Chainlink is employing them to build the decentralized infrastructure that will permit the popular adoption of DeFi merchandise and cryptocurrencies.
HBR Provides is a network of podcasts curated by HBR editors, bringing you the very best company strategies from the major minds in administration. The views and viewpoints expressed are exclusively these of the authors and do not automatically replicate the formal plan or placement of Harvard Business Evaluate or its affiliates.