Building The Future For Open Finance
Tokocrypto together with Zilliqa will hold an event that aims to learn more about how a decentralized financial system can be applied in the financial system in Indonesia. It will be held on Wednesday, 18 March 2020 At 6:00 PM WIB at BLOCK71 Jakarta. This event is open to the public and is free of charge.
Decentralized finance (DeFi) is an open monetary system that is built on blockchain technology that has a decentralized and immutable nature. One of the motivations of developing the Decentralized Finance system is that there are still many people in the world who lack access to financial services.
Although the existing conventional financial system plays a role in building wealth for the world’s population, it has not yet touched the masses of the lower classes.
Decentralization means there is no single point of failure because the same record is stored on multiple computers/nodes over a peer to peer network. Due to the nature of the permissionless blockchain network, it is open to anyone, regardless of how many funds they have, where they live. Unlike banks or payment companies that can close accounts from customers who do not meet the requirements, the blockchain character is censorship-resistant.