DeFi: who will be in charge of the financial infrastructure of the future?
We live in an era of change. Decentralised finance (DeFi) could be one of the most impactful developments in the emerging digital economy. In this special edition of our series of broadcasts on Digital Sustainability, philosopher Ad Verbrugge talks to a number of experts about the changes that DeFi entails. What is it and what impact will it have, both on institutions and on ordinary citizens? The panel includes Bert Slagter (crypto expert), Simon Lelieveldt (expert on payment transactions), Johan van den Neste (chairman of the board of Univé Schade and Univé Her), Teunis Brosens (head economist for digital finance and regulation at ING) and Douwe Lycklama (founder of INNOPAY).
The panel discussion is divided into three parts:
- What exactly is Decentralised Finance? Key questions in this part include what is the best way to transfer digital property, and what might be the social side effects of such technology? On this topic, Simon Lelieveldt states: “In a context in which greed outweighs solidarity, a democratising technology also becomes a technology of power.”
- The impact on the financial sector: How does a decentralised money system influence existing institutions such as banks? And does more information always lead to better management? “Whatever happens, the services we offer must be accessible to everyone,” says Teunis Brosens.
- The impact on daily life: How can citizens get involved? Digital freedom and independence are a nice idea in theory, but is everyone keen and/or able to benefit? Are ordinary people being listened to sufficiently in this transition? Douwe Lycklama regards it as a positive development: “DeFi allows us to involve people in a global way. These kinds of issues affect people in their personal lives. We need social consensus on this.”
This talkshow about DeFi is part of a series organised by De Nieuwe Wereld and INNOPAY on the topic of digital sustainability.