Decentralised finance, the 'end of banks' - and what comes next

--:--
Simon Dingle and Steven Sidley believe a revolution is coming to the world of finance, and it could mean the end of banks – at least as we know them.
Dingle and Sidley join TechCentral editor Duncan McLeod to discuss their newly published book on “decentralised finance”, or DeFi, and unpack why they think the staid world of banking is poised for a radical overhaul – one that will lead to the death of financial institutions that don’t adapt to a new world underpinned by cryptography and blockchains.
In the prologue to the book, called Beyond Bitcoin: Decentralised Finance and the End of Banks, the authors state that “great fortunes will be made and lost” in DeFi’s wake.
Banks, they say, will go through a “painful shudder of reinvention”. They also state that the changes brought about by DeFi will make the trillion-dollar rise of bitcoin look "pedestrian". It will disrupt and displace companies, and even entire industries, they say.
Dingle and Sidley unpack why they believe DeFi is going to usher in the biggest technology-led disruption in a generation and what it ultimately will means for banks, individuals and even nation states.
25 Mar 2022 English South Africa Technology · Business

Other recent episodes

TCS | From Namibian start-up to regional powerhouse: the rapid rise of Paratus

Paratus Group is rapidly emerging as a major player in the telecommunications industry in Southern Africa. But who’s behind Paratus, and what’s its history? From landing Google’s Equiano subsea cable in Swakopmund and building a new fibre route between South Africa and Namibia – providing a new data corridor between…
21 Mar 32 min

TCS Legends | Remembering Mustek founder David Kan

David Kan, the late founder and former CEO of Mustek, is the focus of episode 3 of TechCentral’s new podcast series, TCS Legends – powered by Mitel. In this episode, TechCentral editor Duncan McLeod is joined by Mustek CEO Hein Engelbrecht and Carlos Vizcarra, CEO of CPS Technologies, who was…
18 Mar 1 hr 20 min

TCS+ | CYBER1 Solutions on data and identity governance

Data and identity governance should be a top-of-mind issue for business leaders in 2024. CYBER1 Solutions MD Jayson O’Reilly and senior cybersecurity architect Christiaan Swanepoel share their insights on this important topic in this episode of TechCentral’s business technology show, TCS+. They kick off the discussion with a definition of…
13 Mar 58 min

TCS+ | How Workday solutions are helping supercharge Adcorp

Vinolia Singh, chief people officer at JSE-listed workplace solutions provider Adcorp, joins the second episode of a series of interviews about enterprise cloud software provider Workday. In this TCS+ interview, grouped under the theme of “change makers”, Singh is joined by Kiv Moodley, MD of Workday South Africa, to unpack…
12 Mar 34 min