DECENTRALIZED FINANCE AND NEW LENDING PROTOCOLS

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Kaplan B., Benli V. F., Aykaç Alp E.

11. finance Congress, İstanbul, Türkiye, 15 Aralık 2022, ss.192-195

  • Yayın Türü: Bildiri / Özet Bildiri
  • Doi Numarası: 10.17261/pressacademia.2023.1686
  • Basıldığı Şehir: İstanbul
  • Basıldığı Ülke: Türkiye
  • Sayfa Sayıları: ss.192-195
  • İstanbul Ticaret Üniversitesi Adresli: Evet

Özet

Purpose- Satoshi Nakamoto initially proposed the most well-known blockchain technology application after financial crisis in 2008 as the

technology underlying Bitcoin, a virtual currency exchanged within a peer-to-peer network. To fill the trust gap between parties willing to

exchange value, new applications have been developed through the blockchain in many different commercial industries, following in the

footsteps of Bitcoin. Blockchain has countless potential uses and benefits, but like other innovations such as the World Wide Web, its

adoption is a gradual and hard process that is always evolving. In this regard, the academic literature focuses mostly on the technical aspects

of the it while the study of its business-related challenges is still in its infancy. By providing a framework that outlines the new lending

procedures and its economic potential, study aims to participate the academic literature on finance applications of blockchain in banking

sector.