kaal:claim:3606663-027

DeFi is more efficient than existing financial intermediation including FinTech, and that superior efficiency traces to its extensive reliance on code and automation, which removes large parts of the human element and the errors and inefficiencies that come with it.

Source quote, verbatim
DeFi is more efficient than existing financial intermediation, including FinTech. Its superior efficiency can be traced to its extensive reliance on code and automation that remove large parts of the human element and the associated errors and inefficiencies.
From

Kaal, Digital Asset Market Evolution (2020), (2) Disintermediation Beyond FinTech, p. 64
https://ssrn.com/abstract=3606663 · source PDF

Cite as

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

Holds when
Classification

mechanismsupport: argueddefieconomicsdecentralization

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