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@article{186428,
        author = {Ayush Sunil Pawar and Sonam Tiwari},
        title = {DeFi: The Future of Finance Today},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {37-42},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=186428},
        abstract = {DeFi is the paradigm of change in the world financial ecosystem, Introducing innovative solutions for the traditional finance framework (TradFi). Built on blockchain, DeFi removes intermediaries and provides open, borderless, and trustless financial services, including lending, borrowing, trading, and asset management. The paper analyzes the transformative influence of DeFi on the traditional banking system, representing its potential to increase financial inclusion, reduce transaction costs, and guarantee transparency.
The key areas impacted in this regard are the disintermediation of banks, disruption of payment systems, and programmable financial instruments. However, the integration of DeFi into mainstream finance faces a lot of challenges, such as regulatory uncertainty, scalability issues, and security concerns. As DeFi continues to grow independently, there is an imperative for the interplay between DeFi and traditional finance that requires balancing the strengths of each system. The analysis concludes that collaboration between DeFi innovators and traditional financial stakeholders is essential to create a resilient and inclusive global financial infrastructure.},
        keywords = {Decentralized Finance (DeFi), Financial Inclusion, Blockchain, Scalability, Security},
        month = {},
        }