kaal:claim:3808859-004

Fintech is a precursor of decentralization rather than merely a financial innovation, because it pushes information toward the edge of the system and forces disrupted financial conglomerates to serve consumers better.

Source quote, verbatim
Fintech brings information closer to the edge and serves the consumers, it disrupts centralized structures in finance and forces the disrupted financial conglomerates to serve the consumer better. As such, Fintech epitomizes some of the core principles of decentralization.
From

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021), I. Introduction, p. 7
https://ssrn.com/abstract=3808859 · source PDF

Cite as

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859

Classification

mechanismsupport: argueddecentralization

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