Redecentralisation: Building the Digital Financial Ecosystem

The rise of smartphones, social media, cryptocurrencies, and digital assets has changed our lives profoundly over the last decade. This book focuses on the evolving digitisation of the financial industry and the impact this has on users. It explores the pillars of money and payments that are at a turning point with the replacement of key infrastructural components necessary for the future of the Digital Financial Ecosystem. Digital identity and data privacy also form part of this broader puzzle. It looks to the future to consider some of the latest trends and 'what if scenarios' and asks if Redecentralisation can support an alignment of values across people, governments, and businesses.

Format: Hardback
Length: 219 pages
Publication date: 22 April 2023
Publisher: Springer International Publishing AG

The past decade has seen a significant transformation in our lives due to the rise of smartphones, social media, cryptocurrencies, and digital assets. This technological revolution has brought about a profound shift in the relationship between governments, citizens, and businesses, presenting both challenges and opportunities.

This book delves into the evolving digitization of the financial industry and its impact on users. It focuses on the emergence of new technologies such as blockchain, smart contracts, and artificial intelligence (AI), which are shaping the future of finance. The increasingly interconnected, data-driven digital economy, encompassing various aspects of individuals and organizations' lives, has become a complex challenge for regulators.

The trend towards decentralization is gaining momentum, as individuals and organizations seek greater control over their financial data and transactions. This shift is driven by a growing distrust of centralized institutions and the desire for more transparent and secure systems.

In this book, we provide an overview of key concepts related to decentralization. We develop a qualitative framework and approach to understanding what we call "Redecentralization." We explore the pillars of money and payments, which are undergoing a transformative shift with the replacement of key infrastructural components necessary for the future of the Digital Financial Ecosystem. Digital identity and data privacy also play a crucial role in this broader puzzle.

We then look to the future to consider the latest trends and "what if" scenarios. Where do we see Redecentralization playing a role in the Digital Financial Ecosystem? What is the role of technology, such as Web3, the Metaverse, and Decentralized Finance, in driving this transformation? Can Redecentralization support an alignment of values across people, governments, and businesses?

Finally, we ask whether we need a new digital infrastructure to facilitate the growth and adoption of Redecentralization. The answers to these questions are complex, but they are essential for shaping the future of finance and our society as a whole.

Weight: 535g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031215902
Edition number: 1st ed. 2023