Navigating Decentralized Futures: Taxonomy and Implications

Are decentralized financial systems a threat to incumbents or can they coexist with the current system? Can blockchain-led decentralization of financial services solve the inefficiencies without introducing any inherent risks?

Read our point of view paper on Decentralized Futures to discover five major developments – decentralized finance (DeFi), central bank digital currency (CBDC), cryptocurrencies, digital assets and non-fungible tokens (NFT) – and their implications for incumbents.

At Capgemini, we use a “Future Thinking” approach to constantly monitor, anticipate and assess the evolving technology landscape to help our clients achieve competitive advantage and differentiation. Through a global, dedicated network of capabilities, we constantly track 10 technology domains. “Decentralized Futures,” which encompasses blockchain and other distributed ledger technologies, is one of the ten domains.

This paper provides a financial services perspective on “Decentralized Futures” amid rapid developments in this area. Our aim is to equip business and technology leaders with a clear understanding of key concepts evolving in the decentralized world, highlight the implications to incumbents, and provide a framework to navigate different building blocks of blockchain technology.