{"title":"Exploring the New Frontier: Decentralized Financial Services","authors":"Enric Junqué de Fortuny, Yifei Zhang","doi":"10.1287/serv.2021.0048","DOIUrl":null,"url":null,"abstract":"Decentralized Finance (DeFi) marks a transformative shift in financial services, harnessing the power of distributed ledger and smart contract technologies. Despite only five years of development, DeFi has rapidly matured, pioneering state-of-the-art financial products, a stratified ecosystem, and a myriad of innovative vertical and horizontal protocol integrations. Its distinctive characteristics establish DeFi as a crucible for innovation, carrying potential to spur advancements across various service sectors. However, the research community has yet to fully explore this burgeoning field. In this manuscript, we navigate the complexities of this emerging service system, analyzing 362 notable Ethereum-based DeFi initiatives. Our study reveals a robust and dynamic growth trajectory, the advent of a multi-tiered ecosystem, and a sophisticated network of primary market investors. We conclude by highlighting promising avenues for future exploration in DeFi and service system research.","PeriodicalId":46249,"journal":{"name":"Service Science","volume":"152 1","pages":""},"PeriodicalIF":1.9000,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Service Science","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1287/serv.2021.0048","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Decentralized Finance (DeFi) marks a transformative shift in financial services, harnessing the power of distributed ledger and smart contract technologies. Despite only five years of development, DeFi has rapidly matured, pioneering state-of-the-art financial products, a stratified ecosystem, and a myriad of innovative vertical and horizontal protocol integrations. Its distinctive characteristics establish DeFi as a crucible for innovation, carrying potential to spur advancements across various service sectors. However, the research community has yet to fully explore this burgeoning field. In this manuscript, we navigate the complexities of this emerging service system, analyzing 362 notable Ethereum-based DeFi initiatives. Our study reveals a robust and dynamic growth trajectory, the advent of a multi-tiered ecosystem, and a sophisticated network of primary market investors. We conclude by highlighting promising avenues for future exploration in DeFi and service system research.
期刊介绍：
Service Science publishes innovative and original papers on all topics related to service, including work that crosses traditional disciplinary boundaries. It is the primary forum for presenting new theories and new empirical results in the emerging, interdisciplinary science of service, incorporating research, education, and practice, documenting empirical, modeling, and theoretical studies of service and service systems. Topics covered include but are not limited to the following: Service Management, Operations, Engineering, Economics, Design, and Marketing Service System Analysis and Computational Simulation Service Theories and Research Methods Case Studies and Application Areas, such as healthcare, energy, finance, information technology, logistics, and public services.
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