2025, Vol. 6, Special Issue 3
The impact of decentralized finance (DEFI) on financial inclusion and innovation
Author(s): Shripad Karjatkar and Kishor Shankar Nikam
Abstract: Decentralized Finance (DeFi) is a blockchain-powered innovation aiming to replicate traditional financial services without intermediaries. Built primarily on Ethereum, DeFi leverages smart contracts to offer transparent, open, and permissionless alternatives to banking, lending, and investing. This paper explores the potential of DeFi to improve financial inclusion by extending services to the unbanked and underserved. It also highlights how DeFi enables rapid innovation by allowing developers to create financial products without institutional approval. Major findings confirm DeFi’s advantages in access, autonomy, and innovation, but also underline the challenges of regulation, volatility, and security. Overall, DeFi offers a promising pathway toward a more inclusive financial system if its risks are properly managed.
DOI: 10.22271/27084515.2025.v6.i3Sa.792
Pages: 46-49 | Views: 207 | Downloads: 51
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How to cite this article:
Shripad Karjatkar, Kishor Shankar Nikam. The impact of decentralized finance (DEFI) on financial inclusion and innovation. Asian J Manage Commerce 2025;6(3S):46-49. DOI: 10.22271/27084515.2025.v6.i3Sa.792
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