한국전자거래학회지 (The Journal of Society for e-Business Studies)

  • 제26권2호
  • /
  • Pages.143-155
  • /
  • 2021
  • /
  • 2288-3908(pISSN)
  • /
  • 2765-3846(eISSN)
한국전자거래학회 (Society for e-Business Studies)
권호 표지
DOI QR코드

DOI QR Code

디파이(De-Fi), 탈중앙화 금융의 가능성과 한계점

Capability and Limitations of De-Fi(Decentralized Finance)

  • Kim, Hyeob (Department of Business Administration, Hoseo University) ;
  • Kim, Min-Su (Department of Economics and Finance, Soonchunhyang University) ;
  • Kwon, Hyuk-Jun (Department of Economics and Finance, Soonchunhyang University)
  • 투고 : 2021.04.19
  • 심사 : 2021.05.17
  • 발행 : 2021.05.31
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

본 연구에서는 금융서비스 분야에서 블록체인 기술이 가져오는 탈중앙화, 혁신성, 상호운용성, 투명성의 장점을 보유한 디파이 기술을 중심으로 연구를 진행하였다. 블록체인 기술로 인해 신성장 동력을 얻은 탈중앙화 금융서비스는 가상자산을 활용하여 금융서비스의 제공 범위를 넓힐 수 있으며, 금융서비스의 혁신을 장려하면서 새로운 비즈니스 기회를 창출할 수 있다. 디파이 개념의 이해를 바탕으로 기술의 필요성 및 주요 활용 사례에 대하여 살펴보고, 향후 도전과제에 대하여 살펴보고자 한다. 이를 통해 디파이는 금융서비스의 새로운 영역으로서의 가능성을 확인하면서, 혁신을 위한 신기술로 발전할 비전에 대하여 이해하는 데 도움이 될 수 있을 것이다.

In this study, we focused on the decenterization, innovation, interoperability, and transparency that blockchain technology brings in the financial services sector. Decentralized financial services powered by blockchain technology can leverage virtual assets to expand the scope of financial services and create new business opportunities while encouraging innovation in financial services. Based on the understanding of the concept of De-Fi, we will look at the need for technology and major use cases, and look at future challenges. This will help us understand the vision of developing new technologies for innovation, while identifying the potential as new areas of fintech services.

키워드

과제정보

본 연구는 순천향대학교 학술연구비 지원으로 수행하였음.

참고문헌

  1. Chen, M. A., Wu, Q., and Yang, B., "How valuable is FinTech innovation?," The Review of Financial Studies, Vol. 32, No. 5, pp. 2062-2106, 2019. https://doi.org/10.1093/rfs/hhy130
  2. Chen, Y. and Bellavitis, C., "Blockchain disruption and decentralized finance: The rise of decentralized business models," Journal of Business Venturing Insights, Vol. 13, pp. 1-8, 2020.
  3. Choi, J., Han, M., and Cho, C., "Decentralized Finance," Hexlant Issue Report, Vol. 6, pp. 1-19, 2019.
  4. Cong, L. W. and He, Z., "Blockchain disruption and smart contracts," The Review of Financial Studies, Vol. 32, No. 5, pp. 1754-1797, 2019. https://doi.org/10.1093/rfs/hhz007
  5. Feng, Q., He, D., Zeadally, S., Khan, M. K., and Kumar, N., "A survey on privacy protection in blockchain system," Journal of Network and Computer Applications, Vol. 126, pp. 45-58, 2019. https://doi.org/10.1016/j.jnca.2018.10.020
  6. Financial Times, Tesla bets on bitcoin, 2021, https://www.ft.com/content/3d0c0193-a932-44be-965d-bda7ee33edf0 (accessed 2021 April 12).
  7. Hong, J., "DeFi Market Growth and Implications," Capital Market Focus, Korea Capital Market Institute, Vol. 6, pp. 1-5, 2021.
  8. https://defipulse.com (accessed 2021 April 12).
  9. Kim, C. and Shin, K., "A Study on the Measurement Method of Cold Chain Service Quality Using Smart Contract of Blockchain," The Journal of Society for e-Business Studies, Vol. 24, No. 3, pp. 1-18, 2019. https://doi.org/10.20428/jss.v24i4.1445
  10. Kim, E., "A Study for the Innovativeness of Blockchain," The Journal of Society for e-Business Studies, Vol. 23, No. 3, pp. 173-187, 2018. https://doi.org/10.7838/JSEBS.2018.23.3.173
  11. Kim, H. and Kwon, H., "Understanding and application of decentralized finance (De-Fi) Technology-Focused on Financial Services-," Journal of Payment and Settlement, Vol. 12, No. 2, pp. 1-14, 2020. https://doi.org/10.22898/KPSAKR.2020.12.2.1
  12. KISA, Blockchain-based Innovative Finance Ecosystem Report, 2021.
  13. Kumar, A., Liu, R., and Shan, Z., "Is blockchain a silver bullet for supply chain management? Technical challenges and research opportunities," Decision Sciences, Vol. 51, No. 1, pp. 8-37, 2020. https://doi.org/10.1111/deci.12396
  14. Kwon, H. and Kim, H., "A Study on the Application of Blockchain to Accounts Receivable Insurance to Small and Mid-Size Businesses," The Journal of Society for e-Business Studies, Vol. 24, No. 4, pp. 135-149, 2019.
  15. Moon, J. and Kim, D., "Design of a Personal-Led Health Data Management Framework Based on Distributed Ledger," The Journal of Society for e-Business Studies, Vol. 24, No. 3, pp. 73-86, 2019.
  16. Murray, A., Kuban, S., Josefy, M., and Anderson, J., "Contracting in the smart era : The implications of blockchain and Decentralized Autonomous Organizations for contracting and corporate governance," Academy of Management Perspectives, 2019.
  17. Narayanan, A., Bonneau, J., Felten, E., Miller, A., and Goldfeder, S., "Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction," Princeton University Press, Princeton, NJ, 2016.
  18. Seidel, M. D. L., "Questioning centralized organizations in a time of distributed trust," Journal of Management Inquiry, Vol. 27, No. 1, pp. 40-44, 2018. https://doi.org/10.1177/1056492617734942
  19. Sheth, A. and Subramanian, H., "Blockchain and contract theory: Modeling smart contracts using insurance markets," Managerial Finance, Vol. 46, No. 6, pp. 803-814, 2019. https://doi.org/10.1108/mf-10-2018-0510
  20. Tasca, P., "Insurance Under the Blockchain Paradigm," Business Transformation through Blockchain, Vol. 1, pp. 273-285, 2019. https://doi.org/10.1007/978-3-319-98911-2_9