Chanon Jarasutthikul Co-Founder and CEO of Forward Labs Blockchain fintech startups commented on the issue of “What will DeFi and Traditional Finance look like in the long run?” in the Forward The Future To Young Generation: Career Path in the Blockchain Industry No. 4, the birth of up Decentralized Finance is a benefit to users in many dimensions. The difference in service is quite high. On the other hand, the benefits to the users of that financial product are not fully received. Innovations such as DeFi have emerged to eliminate the potentially high operating costs of intermediary systems and allow DeFi platform developers to focus on their products. To deliver the benefits that users deserve to be fully. from reducing the cost of having an intermediary out In the long run, if nothing goes wrong, we should see more DeFi products become a part of our daily lives.
Asst. Prof. Dr. Udomsak Rakwongwan Co-Founder and Advisor of Forward Labs added that A financial system without intermediaries makes interest accrued between borrowers. with the lender seems reasonable. And no one has a disadvantage from eating too much of the difference in the middle. I had the opportunity to listen to a talk with a sentence that I listened to and liked. I remember to this day, “Banks are not necessary but Banking is” Therefore, in the future, financial transactions may not occur through banks. May be transformed into another form Which could be Blockchain or something else, we don’t know yet, but in terms of replacing banks I’d like to look at another form. A banking expert said that If DeFi is really coming, the first person to stand in that business is the bank. Therefore, the emergence of financial products in the future It will be a combination of both financial models with an intermediary. and no intermediary It combines the advantages of both sides together. to find the middle for all parties because if you look at the truth It is impossible for a group of banks to allow a fully decentralized financial world. Without him being in this process as well, if true, the damage would be widespread. Including damage to the stock market as well Looking at it from now on, if DeFi still works, it will gradually see the transition. And has been accepted to use in everyday life more and more until we do not feel anything
Kim Kannithi Thongthanakul Guest speaker, page owner Kim DeFi Daddy Co-Founder of Cryptomind Group and CIO of Merkle Capital has commented It has long been said that DeFi will become something that banks have to fear. But if we think about it for good reason No, DeFi isn’t something banks have to fear. It is something that banks can use to improve or enhance their financial services. For example, the DeFi platform deposits digital assets. Let’s say the platform has about $10 billion in deposits on the platform. It has only 20 employees writing the platform. Think logically again. Just 20 people take care of over ten billion dollars in customers. How did he manage such assets? Why do users believe? But when compared The benefit that comes from creating a platform like this, of course, is the cost of developers being drastically reduced. While banking has miscellaneous costs. Other branch costs Including labor costs, so DeFi will become another solution to help raise these finances better. Cut unnecessary costs in order to focus on the product including providing benefits to more users than before which is right here Looking to become an intermediary where banks or Centrazlied Finance and Decetrazlied Finance will definitely merge in the future.
Forward The Future To Young Generation activity: This career path in the Blockchain industry was held at Chulalongkorn University in conjunction with the Faculty of Commerce and Accountancy (BSD Chula) You can listen in full at the fan page. Forward Labs from linkthis