kaal:position:2026-07-31-6060
Do we still need financial intermediation? The case of decentralized finance – DeFi presents the following source proposition: Design/methodology/approach The authors based their work on a twofold qualitative methodology, first analysing publicly available secondary data, particularly from white papers and DeFi Pulse (a website providing data on DeFi solutions) and then running two focus group discussions. This proposition is pertinent to Kaal's source-bound claim that Centralized financial technology does not complete the disintermediation it promises, because users still deal with a technology company as intermediary instead of a financial institution, which leaves room for the decentralized solutions DeFi attempts to provide. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
decentralizationdefieconomicshistorical-responsescholarly-literatureopenalex