Decentralized Finance (DeFi) is disrupting the global financial market in multiple ways. It lets its participants reclaim control of their assets, eliminating the need for intermediaries. By getting rid of traditional financial institutions DeFi allows for more efficient asset management while enabling greater transparency and security. Let’s look at those who overcame the challenges to see what they have in common.

In the early days of blockchain, many thought the technology will be a major threat to the traditional banking industry. But, as the years went by, it became more and more clear that blockchain adoption, rather than a peril, might be a huge opportunity for banks worldwide if applied wisely. Let’s take a closer look at the current state of blockchain technology adoption in traditional banking.