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Olá pessoal!
Today I talk to Rita Martins, who is the author of a new book about blockchain and Web3 written from the lens of a financial services practitioner. Rita brings a unique perspective, shaped by her background in both consulting and banking, on how these technologies will impact traditional finance.
Key themes of our conversation:
The evolution of blockchain in finance: From early experiments in 2014-2015 to today's focus on asset tokenization and stablecoins
The convergence of DeFi and TradFi: How both worlds are adapting and learning from each other
The potential of blockchain to transform financial infrastructure, particularly in emerging markets
The role of regulation in driving blockchain adoption in traditional finance
Notably, Rita highlights the Central Bank of Brazil’s DREX project as a prototype for how tradfi and Web3 will eventually overlap and intertwine. She highlights several of the use cases explored during the bank’s 2022 LIFT Challenge (basically a sandbox for CBDC applications) as a harbinger for what’s likely to come as these types of projects continue developing globally.
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Some other noteworthy observations from this discussion:
The DeFi space is not just populated by "crypto natives" but also by experienced professionals from traditional finance backgrounds
The ideals of decentralization face practical challenges in implementation, as seen in the governance of some DAOs
The coexistence and potential competition between stablecoins and CBDCs remains an open question
Regulatory clarity is crucial but not the only factor in blockchain adoption - technical and interoperability challenges also need to be addressed
For those interested in exploring these topics more from the vantage point of a financial services practitioner, Rita's book offers a comprehensive look at the current state and future potential of blockchain in finance. It serves as an excellent primer for professionals in traditional finance looking to better understand this new world.
You can connect with Rita on Linkedin
Have a great weekend everyone,
-AWS
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