πPotential to expand across many fields
In addition to traditional finance, DeFi can be widely applied in many other industries such as:
Healthcare: storing medical records, paying medical bills, purchasing health insurance.
Retail/e-commerce: payment transactions, supply chain management, loyalty programs.
Supply chain: tracking product origin, collateralized asset transactions.
Insurance: automated compensation through smart contracts.
Therefore, the potential for DeFi market growth is still huge as more businesses and industries become interested in applying blockchain and DeFi technologies.
Last updated