DeFi already offers innovative financial products, but what’s needed for it to go mainstream is to bring more real-world assets on-chain.
In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able to buy your first home on WhatsApp! Smart contracts on the Ethereum blockchain will take care of everything and you won’t need a broker,” he said with conviction, pointing to a slide.“How will the house’s title change hands? What about the funds? Can the blockchain do escrow? What role for lawyers? How could we possibly buy something worth a million dollars with the click of a button?” the class wondered.Students in April 2017 — who hadn’t yet seen Bitcoin (BTC) crest above $20,000 — had little reason to believe that block
Źródło: https://cointelegraph.com/news/defi-needs-more-tangible-assets-on-chain-to-see-a-successful-future
