The convergence of data, regulation, and digital identity in DeFi is shaping the future of finance. With smart contracts relying on accurate data, centralised oracles play a vital role in validation. As regulators navigate the complexities of decentralized transactions, collaboration and self-regulation initiatives become key to fostering trust and innovation in the evolving DeFi landscape.
Several key challenges emerge related to data, regulation, and digital identity within the DeFi space. Part 2 of GMEX’s “All the FIs” series explores the concept of self-regulation, the role of digital identity in managing assets, and the key challenges in the DeFi industry.
Read more: GMEX Group