The Blockchain, Smart Contracts & DeFi
In the previous post on Non-Fungible Tokens (NFT’s) I took a skeptical view of their value in the real world. This was based on the observation that the most common use of NFT’s is for digital artwork and other intellectual property, and the fact that people were paying a lot of money for “the pride of ownership.”
However there are other uses for blockchain technology that have real potential value. Decentralized Finance (DeFi) is a primary goal of blockchain technology – the ability to transfer funds and ownership without the participation of banks, credit card companies, or similar institutions. Here are a few.
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