Will central banks co-opt blockchain?

Julian Hosp (@julianhosp), CEO and co-founder of Cake DeFi (@Cake DeFi), interviewed by futurist Trond Arne Undheim (@Futurized Podcast ). This is 7-minute video excerpt of our podcast interview for DEFI's impact on Business and Society, episode #119 of the Futurized podcast: https://www.futurized.org/119

In this conversation, we talk about how DEFI emerged and what problems it fixes. We cover the problems in centralized finance—centralized control, limited access, inefficiency, lack of interoperability, and opacity. We then discuss the future of the DeFi industry.

Trond's takeaway: DeFi is now more than a niche phenomenon, it is already in the real world of finance, used for payment, currency creation, and credit scores. DeFi might just alter banking as we know it, but don't count out centralized institutions taking a key role in its rollout, since blockchain can serve many purposes, including contribute to maintaining the status quo.

Thanks for listening. If you liked the show, subscribe at Futurized.org or in your preferred podcast player, and rate us with five stars. Check out @futurized2 on Instagram, @futurized2 on Twitter, or our YouTube channel at https://www.youtube.com/FuturizedPodcast

If you like this topic, you may enjoy other episodes of Futurized, such as:
👉 episode 99, Blockchain uncapitalism on desktop PCs, Futurized.org/99
👉episode 59, The Tokenization of Securities, Futurized.org/59
👉 episode 44, The Future of Open Finance, Futurized.org/44

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Disclaimer: Please note that Futurized Podcast is distinct from Trond Undheim's roles at Tulip Interfaces, Hitachi Ventures, Antler, Yegii, or the Atlantic Council. The information provided in this show is not investment advice or medical advice, nor should it be taken or applied as a replacement for investment advice or medical advice. Futurized Podcast, its employees, guests and affiliates assume no liability for the application of the information discussed.

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