[en] Interest in decentralized financial applications continues to grow. But as adoption accelerates, so do concerns about (re-)centralization driven by regulatory and economic considerations. In this chapter, we take a closer look at these concerns. In particular, we analyze how regulatory requirements can lead to more centralized responsibilities and how economic considerations on different levels of the decentralized finance (DeFi) technology stack can limit the degree of technical decentralization.
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 :
BRENNECKE, Martin ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
HARTWICH, Eduard ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
PODDA, Emanuela ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust > FINATRAX > Team Gilbert FRIDGEN ; UNIMI - Università degli Studi di Milano > Department of Computer Science > SPDP Lab
RIEGER, Alexander ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust > FINATRAX > Team Gilbert FRIDGEN ; University of Arkansas > Sam M. Walton College of Business
External co-authors :
yes
Language :
English
Title :
Reflections on Decentralization in Decentralized Financial Applications
Publication date :
December 2024
Main work title :
Decentralization Technologies: Financial Sector in Change
Author, co-author :
FRIDGEN, Gilbert ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Guggenberger, Tobias; University of Bayreuth > FIM Research Center for Information Management
SCHÖNRICH-SEDLMEIR, Johannes ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Urbach, Nils; Frankfurt University of Applied Sciences > FIM Research Center for Information Management
Publisher :
Springer Nature, Switzerland
ISBN/EAN :
978-3-03-166047-4 978-3-03-166046-7
Collection name :
Financial Innovation and Technology
Collection ISSN :
2730-969X
Pages :
239–246
Peer reviewed :
Editorial reviewed
Focus Area :
Security, Reliability and Trust
Development Goals :
9. Industry, innovation and infrastructure 10. Reduced inequalities 16. Peace, justice and strong institutions
FNR13342933 - Paypal-fnr Pearl Chair In Digital Financial Services, 2019 (01/01/2020-31/12/2024) - Gilbert Fridgen FNR14783405 - Fintech/Regtech In Space For Trustful Autonomous Robotic Interaction, 2020 (01/07/2021-30/06/2024) - Gilbert Fridgen
