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Book part
Publication date: 21 January 2022

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Industry 4.0 and Global Businesses
Type: Book
ISBN: 978-1-80117-326-1

Book part
Publication date: 21 January 2022

Tuna Can Güleç and Selim Duramaz

Decentralization of finance is usually regarded as a revolution in just the field of finance. However, thanks to chain structures (e.g. blockchain) ranging from supply chain…

Abstract

Decentralization of finance is usually regarded as a revolution in just the field of finance. However, thanks to chain structures (e.g. blockchain) ranging from supply chain management to enterprise resource management systems, decentralization gradually reforms all aspects of global business simultaneously. Cryptocurrency markets and decentralization of network structures may be considered as two independent chaotic processes by an uninformed observer; however, almost every step of this transformation process can be associated with a certain innovative motivation which was designed for a specific purpose.

In this chapter, the implications of financial decentralization movements have been discussed with the assumption that the cryptocurrency market movements and relevant infrastructure improvements may be regarded as the end result of a chain of events which may be influenced by a number of decision-makers. The system components affecting the adoption process have been divided into four categories. Three potential scenarios have been presented for each category with an emphasis on their potential effects on the global business environment. Using intuitive logic, a pathway has been speculated for the adoption process for each component of decentralized finance. Topics discussed in this context should be regarded as pure speculation and should not be perceived as investment advices in any shape or form.

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