Traditional finance could benefit from unrestricted adoption of blockchain technology, according to a new EU document.
In the realm of finance, a significant report has caught the attention of both traditional and decentralized finance (TradFi and DeFi) enthusiasts. The report, penned by Fabian Schär, a renowned figure in the DeFi community, is considered one of the most cited early papers on this burgeoning field.
Schär, a proponent of permissionless blockchains and DeFi, presents an objective and thorough argument in his report. He suggests that permissionless blockchains should be considered as options for TradFi and financial market infrastructures.
The report, published by an unspecified source, does not advocate for immediate adoption but instead emphasizes a cautious and thoughtful approach. It underlines the potential benefits of permissionless blockchains in TradFi, but also highlights the need for careful consideration due to the unique challenges they present.
Schär, currently based at the Faculty of Business and Economics at the University of Basel, is deeply involved in research on blockchain, cryptoassets, decentralized finance, and FinTech. His extensive background in DeFi lends credibility to his insights in this report.
Interestingly, this report is not affiliated with the European Union, despite the EU recently publishing a report exploring the potential for permissionless blockchain in TradFi. Both reports share a common theme of a cautious approach to the adoption of permissionless blockchains in TradFi and financial market infrastructures.
It's important to note that while the report is open to the public, professional subscribers may receive additional insights, analysis, and updates. The report is relevant to those interested in the intersection of TradFi and DeFi, offering a thoughtful exploration of the potential role of permissionless blockchains in traditional finance.
In conclusion, Schär's report serves as a valuable resource for those seeking to understand the potential benefits and challenges of integrating permissionless blockchains into TradFi. While it doesn't advocate for immediate adoption, it does suggest that the exploration and cautious adoption of these technologies should continue.
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