Are Synthetics a Fad or Breakthrough for Finance?
Blockchain technology, with its new economic models is heavily disrupting traditional stock, equity exchanges and the world's legacy financial systems.
For years, bigwigs on Wall Street have pondered the feasibility of moving the stock market onto a blockchain. Now DeFi projects have gone ahead and built synthetic versions of some of the most popular equities, making them significantly more accessible, in a trustless manner. Blockchain and DeFi are creating a parallel financial system, rather than building on top of the existing archaic one, and at the speed in which blockchain and DeFi is progressing could see it eventually outpace and overtake traditional finance?
Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.