[en] This chapter first gives a brief overview of the evolution of the financial sector, highlighting key milestones such as the introduction of automated teller machines (ATMs), the rise of online and mobile banking, and the impact of FinTech innovations and open banking regulations. It then explores the paradigm shift initiated by Bitcoin and blockchain technologies toward decentralized financial services. The subsequent discussion of potential benefits and challenges of adopting decentralization technologies underscores the dynamic interplay between technological advancements and financial services. As such, the chapter sets the stage for a deeper exploration of the impact of decentralization technologies on the financial sector.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations NCER-FT - FinTech National Centre of Excellence in Research
Disciplines :
Management information systems Computer science
Author, co-author :
FRIDGEN, Gilbert ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Guggenberger, Tobias
SCHÖNRICH-SEDLMEIR, Johannes ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Urbach, Nils
External co-authors :
yes
Language :
English
Title :
Introduction: Decentralization Technologies in Finance
Publication date :
11 December 2024
Main work title :
Decentralization Technologies
Author, co-author :
Guggenberger, Tobias
SCHÖNRICH-SEDLMEIR, Johannes ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Urbach, Nils
Editor :
FRIDGEN, Gilbert ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
