IEEE/ICACT20230040 Slide.05        [Big Slide]       Oral Presentation
So, in traditional finance, a centralized financial organization records and manages all transactions on a central server, but DeFi records and executes transactions in the blockchain using smart contract technology. DeFi is receiving attention as it can provide new alternatives to information asymmetry between financial companies and users, high transaction fees, and transaction delays, which have been considered structural problems that traditional financial system cannot solve.

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